EFG sells Denmark unit

Zurich, January 2, 2012

EFG International has agreed to sell EFG Bank Denmark to SEB Wealth Management, effective from January 1, a statement said.

The move is part of EFG's business review programme, it said. The terms of the deal have not been disclosed.

EFG International is a global private banking group offering private banking and asset management services, headquartered in Zurich. EFG International's group of private banking businesses currently operates in 30 countries. - TradeArabia News Service

Tags: banking | EFG | Denmark | SEB Wealth Management |