EFG International Repositions Office In Bermuda
FG International has repositioned its office in Hamilton, Bermuda as EFG Wealth Management [Bermuda] Ltd, and the office will be administered by Keri Wong, and Greg Soares has been recruited as the first Client Relationship Officer.
The company said, “EFG Wealth Management [Bermuda] Ltd will serve a range of sophisticated investors and institutions, and will also have a strong focus on the captive insurance sector. The latter will exploit synergies with EFG International’s operations in two other important captive centres, the Cayman Islands and Guernsey. The business will also provide investment advisory services to hedge funds and funds of funds.
“This is the latest addition to EFG International’s network in the Americas, which comprises offices in The Bahamas, Cayman Islands, Colombia, Ecuador, Peru, Uruguay, and the United States.”
Jim Lee, Head of Investment Solutions, EFG International, and Chairman of EFG Wealth Management [Bermuda] Ltd, “We are excited about the opportunity to expand our business in Bermuda. The government has taken a proactive business stance, making it easier for new players to enter the market, and this is something we are responding to.
“We see our global network, combined with the expertise and contacts developed in key international captive insurance locations, as a key differentiator. The intention is to broaden and deepen our services as the business grows – much as we have done in the Cayman Islands, where EFG has grown from a small office to an established business offering a comprehensive range of banking, trust and wealth management services.”
