Swiss private bank EFG International has sold
EFG Bank Denmark to SEB Wealth management.
The move was part of a business review program
and EFG International is currently in the process of resetting
businesses and locations, EFG International said in a
statement.
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The terms of the deal have not been disclosed
yet.
This sale comes after PBI reported in October
2011 that EFG was cutting staff and offices as part of a major
restructure.
EFG International currently operates in 30
countries with approximately 2,500 employees and $85.7bn in assets
under management.
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