EFG International has completed the legal and operational integration of BSI in Luxembourg by way of a merger, including the BSI branch in Italy.
In line with the previously announced gradual process to integrate BSI into EFG, the acquired business from BSI’s entity in Luxembourg, including the BSI branch in Italy, has been migrated to EFG Bank in Luxembourg.
BSI (Europe) SA, the official name of BSI in Luxembourg, is now legally and operationally integrated into EFG Bank (Luxembourg) SA. The combined business has its registered office in 56, Grand-Rue, L- 1660 Luxembourg, and will now operate in the market solely under the EFG name.
With this step, the EFG brand will be introduced in Italy for the first time. For the combined business, Italy is one of the strategic markets, and EFG is present in Milan, Como and Genoa.
