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EFG to onboard “lion’s share” of Falcon Private Bank’s US$883 million in AUM

Following Falcon Private Bank’s decision to exit the Hong Kong market in September last year, EFG International has announced it will begin managing what it describes as “the lion’s share” of the former’s assets. EFG Bank, EFG International’s Asia business, will take on Falcon Private Bank’s Hong Kong business, including its CHF800 million (US$883 million) in assets under management (AUM). EFG…

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