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EFG’s Falcon Private Bank acquisition 80% complete

After onboarding a “lion’s share” of Falcon Private Bank’s US$883 million in assets under management (AUM) last year, EFG says the acquisition of Falcon’s Hong Kong business is now majority complete, and it remains open to further purchases. “Our Falcon Private Bank Hong Kong acquisition has almost been completed with 80% of AUMs transferred,” says Albert Chiu, EFG’s Hong Kong-based…

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