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EFG private bank on track to double Apac AUM

Singapore

EFG International appears to be on track in its ambition to double its assets under management (AUM) in Asia Pacific by around 2022.

To date, the bank has delivered on a number of targets articulated in 2019 which included acquisitions, partnerships and the hiring of more client relationship officers (CROs).

Last year, for instance, it acquired Australian wealth management firm Shaw and Partners, which added some 12 billion Swiss franc (S$17.8 billion) to its Asian AUM. Together with 9.6 billion...

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