DUBLIN, February 22, 2016 /PRNewswire/ --
The global wealth management market is expected to grow at a CAGR of 10% by 2019, according to a recent report available from Research and Markets. The report notes that the increased complexity in investment patterns is giving rise to unique risk requirements, and that participants in this market must constantly monitor and redesign different strategies to avoid various risks such as cyber and fraud. EFG International AG are looking to increase their control in this market, as they today announced plans to purchase Swiss private Bank BSI from Brazil's Group BTG Pactual SA.
The proposed purchase will cost a total of USD 1.43 billion, but EFG forecast the deal to double the company's assets under management. EFG plan to form a leading global private bank by combining the strengths of the two banks.
International wealth providers in 2016 are far more selective when it comes to global expansion than in previous years, as highlighted in an industry report. Careful consideration must be enforced when it comes to expansion to ensure that the aforementioned risks are kept to a minimum.
Another recent report states that the global economy is starting to see a strong growth in the personal wealth market once again following a three-year-long bear market. The news of EFG's planned purchase of BSI reiterates this statement, and suggests that we may see an increase in financial institute acquisitions in the years to come.
For further information on this topic, and a full list of all related documentation, please visit the Banking section at http://www.researchandmarkets.com/rm/MHJM.
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SOURCE Research and Markets