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Stock impact report

EFG enters all-cash deal to buy Quilvest Switzerland [Yahoo! Finance]

EFG INTERNATIONAL AG ADR (EFGXY) 
Company Research Source: Yahoo! Finance
The acquisition is due to be completed in the third quarter of 2026, pending approval from regulatory bodies. Quilvest Switzerland was established in 1932 by the Bemberg family from Argentina and is entirely owned by Luxembourg-based Bemberg Capital. In addition to its Zurich base, Quilvest operates in Montevideo, Uruguay. The bank manages client assets totalling approximately SFr 5.3bn ($6.8bn), split between CHF SFr3.9bn in assets under management and SFr1.4bn in assets under custody. Its client base consists largely of ultra-high and high net worth individuals, who account for over 90% of the bank's managed assets. These clients are primarily based in Latin America, Western Europe including Switzerland as well as the Middle East. EFG said that following the acquisition, these clients including members of the Bemberg family will be able to access a broader range of services. Quilvest Switzerland board member and Bemberg Capital executive chairman Adrien de Boisanger c Show less Read more
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