EFG Asset Management (EFGAM) has set up operations in the U.K. to offer access to its funds and managed accounts, Citywire reports. The move is part of the firm’s international strategy to boost growth by structuring its business into five divisions, with four regional private banking arms and an asset management unit. The launch of the U.K. asset management arm enables the subsidiary of EFG International to concentrate on offering more investors access to its product range. London-based CIO of EFGAM Moz Afzal will helm the new unit.
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