EFG acquires majority stake in Australian financial service provider

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EFG International AG has completed the acquisition of 51% of the Australian financial service provider Shaw and Partners, as initially announced on 13 March 2019. The acquisition of the Australian financial service provider considerably enlarges EFG's coverage in the Asia Pacific region, providing immediate access to the Australian market and strengthening the bank's China offshore business. Building on the partnership with Shaw and Partners, offers significant growth opportunities for both parties. With a network of around 150 financial advisers and six offices across Australia, Shaw...