The UK regulator has pulled out the big guns and appointed a former FBI man to head up its retail and regulatory investigations. Deutsche Bank has appointed co-heads of wealth management for Germany and Old Mutual International has named an operations director for the Isle of Man.
Investors will have to be much more nimble with decisions due to political risks ahead, but Brexit hasn’t clouded the outlook, said Daniel Murray, chief economist and head of research of EFG Asset Management’s wealth management business.
Swiss private banking group EFG International was granted regulatory approval this week to open an onshore business in Santiago, Chile.
Zurich-based private bank, EFG International, has agreed a deal with Brazilian bank BTG Pactual to buy its Lugarno-based private banking unit BSI, one of the oldest Swiss banks, for about CHF1.33bn ($1.34 bn, £940m) in cash and stock.
EFG Asset Management (EFGAM), an arm of Zurich-based private banking group EFG International, has launched the New Capital UK Select Equity Fund to strengthen its pan-European and global equity franchise.
London-based investment house New Capital has launched four Dublin-domiciled UCITS funds to be sold to investors in Hong Kong.
EFG Asset Management has launched a Swiss-focused equity fund for recently appointed manager, Urs Beck.
EFG Asset Management is boosting its Asia strategies with the launch of an open-ended equity fund that will invest in up to 50 Chinese and Hong Kong stocks across all capitalisations.
EFG Asset Management, the fund management arm of EFG International, has re-shuffled its Hong Kong-based senior management team, introducing two new roles.
