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EFG’s 1H19 APAC AUM boosted by Shaw and Partners acquisition

EFG’s Asia Pacific private banking business registered AUM of almost CHF 30 billion at the close of 1H19, largely attributed to the acquisition of Australia’s Shaw and Partners. The acquisition — announced in March and completed end-April — added CHF 11.4 billion in AUM to EFG’s books. The decision to acquire a 51% majority stake in the investment and wealth management…

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