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EFG says integration of BSI’s Swiss unit will stabilise net asset attrition

EFG International reported negative net new assets of CHF 3.5 billion for the first quarter of 2017, but says the integration of BSI’s Swiss unit earlier this month will “stabilise” this trend. Following the integration of BSI’s Asian unit, EFG’s legal integration of BSI’s Swiss business was completed on 7 April. The bank says remaining entities – Luxembourg and Monaco…

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