EFG ventures into wealth management in India
The Swiss private banking group acquires a 75% stake in Stratcap Securities India.
Private banking group EFG International will acquire 75% of Stratcap Securities India to launch its entry into wealth management in India.
EFG, a Zurich-headquartered private banking and asset management firm, will establish a base on the ground in India via the acquisition of Stratcap. It will benefit from both Stratcap's existing base of CHF700 million $607 million in assets under management and the firm's employee base of 24 people including founder, Atul Sud, who will become chairman of...
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