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EFG International completes overall BSI integration

EFG International AG has now also completed the migration onto its groupwide IT platform of the remaining Swiss businesses in Ticino of BSI SA, which it acquired from BTG Pactual Group in 2016 for CHF1.06 billion.

The development, which follows the platform migration of the former BSI businesses in Zurich and Geneva at September-end, marks the completion of the overall integration of BSI.

As a combined bank with an increased size and scale and now operating on a consolidated platform, EFG International strengthened its market position as one of the largest private banks in Switzerland with AUM of CHF147.5 billion as of the end of October, the bank said Dec. 11.