EFG swoops on second acquisition this year 28/04/2016 EFG International, which is currently integrating fellow Swiss bank BSI, has agreed to acquire the private banking activities of UBI Banca International (Luxembourg), marking its second takeover in the past two months.
Towry's 'transformational' balance sheet: growth catalyst or constraint? 26/04/2016 It seems that thewealthnet’s initial judgement that 2015 was not quite the “transformational” year that Rob Devey, its chief executive claimed.
Examination of Towry’s full accounts for 2015 and in particular its balance sheet shows that it was certainly transformational in one important respect. The size of its balance doubled during 2015 from £139.80 million to £260.55 million.
RBS completes Indian private banking divestment 21/04/2016 A specially created MBO venture Sanctum Wealth Management, which agreed with RBS in September to buy the British bank's private banking operations in India, has successfully managed the migration of the business, including clients and people.