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EFG offloads Swiss retail clients as it hones focus on private banking

News Team, 02/10/2020

EFG International has announced the sale of its retail banking business in the Swiss canton of Ticino, part of a refocusing regime which prioritises private banking.

The private banking group offloaded retail client assets worth about CHF 1.2 billion to Banca dello Stato del Cantone.

“The transfer of EFG’s Ticino-based retail business, including individual clients and corporate clients who do not make use of its private banking offering, will enable EFG in Switzerland to fo...


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