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efg to maintain bsi brand and focus on lugano office after merger
EFG International CEO Joachim Strähle confirmed that Banca della Svizzera Italiana (BSI) will continue to operate as a brand post-merger, with a focus on the Lugano office. While BSI's retail activities will be maintained, the emphasis remains on private banking. The merger is expected to save CHF 185 million, primarily in IT, despite an anticipated client fund outflow of 5 to 10 percent.
ubs it head olmesdahl reportedly leaves amid credit suisse integration efforts
Rolf Olmesdahl, a prominent IT expert in banking, recently returned to UBS to lead the integration of Credit Suisse following its historic takeover. However, reports suggest he is no longer in his position, raising questions about the timing as UBS begins migrating CS data, with significant milestones ahead in 2025.
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