EFG International completes the acquisition of Sycomore Gestion Privée

28 July 2008

Zurich, 28 July 2008. EFG International completes the acquisition of Sycomore Gestion Privée

EFG International has completed the acquisition of Sycomore Gestion Privée, based in France. The transaction, which was announced on 3 June 2008, was closed on 25 July 2008 following the granting of regulatory approval.

SGP is a specialist wealth manager, with a focus on discretionary investment management for wealthy individuals. It was founded in mid-2004 by Fabrice Moulle-Berteaux and Antoine Lacourt. There are five employees, including four Client Relationship Officers (CROs). Total clients’ Assets under Management (AUM) are EUR 500 million (CHF 800 million).

This acquisition is in keeping with EFG International’s stated desire to establish a business in France. SGP’s client base is exclusively domestic, and it provides a strong foundation to build on. EFG International sees opportunities to build out in France through extending capabilities, a strong emphasis on recruiting CROs and capitalising on further acquisition opportunities.

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