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EFG International integrates BSI in Singapore

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EFG International has completed the operational integration of BSI in Singapore by way of an asset deal.

The acquired business from BSI Bank (Singapore) has been migrated to EFG Bank’s Singapore branch.
 
The transfer of business included client relationships and employees and was conducted after a review of clients had taken place in conformity with applicable regulations.
 
The completion of the operational integration of BSI in Singapore marks the first step in the gradual process to integrate BSI into EFG International, which is taking place market by market.
 
All necessary legal steps are expected to be completed in the second quarter 2017, and the migration of BSI’s business to EFG’s IT platform is expected to complete by year-end 2017. 

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