EFG is set to expedite its purchase of BSI Singapore's Singapore business under an accelerate asset deal. The deal, which may take place before the completion of EFG's overall acquisition of BSI Singapore, is expected to provide additional security and stability for respective clients and employees. The purchase comes as BSI Singapore Singapore continues to face regulatory scrutiny in relation to its involvement in the fraudulent 1MDB fund.
EFG is set to expedite its purchase of BSI's Singapore business under an accelerate asset deal. The deal, which may take place before the completion of EFG's overall acquisition of BSI, is expected to provide additional security and stability for respective clients and employees. The purchase comes as BSI Singapore continues to face regulatory scrutiny in relation to its involvement in the fraudulent 1MDB fund.