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Deltec acquires Societe Generale Private Banking Bahamas

Deltec International Group has announced that its private banking subsidiary has signed an agreement with Societe Generale Private Banking to acquire its private banking activity in The Bahamas. 

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Date:
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TheBahamasInvestor.com
Monday, August 15, 2016
Monday, August 15, 2016

DeltecDeltec International Group has announced that its private banking subsidiary has signed an agreement with Societe Generale Private Banking to acquire its private banking activity in The Bahamas.

This acquisition marks a significant milestone in the implementation of Deltec’s ongoing global diversification strategy; a strategy firmly anchored by its private banking presence in The Bahamas.

Subject to the approval of the regulatory authorities, the transaction is expected to be finalized in the coming months.

Kerzner International Holdings, which created the Atlantis brand, has announced the appointment of Jean-Gabriel Pérès as its new president and chief executive officer.

Preliminary indicators show that domestic economic activity remained relatively mild during June, amid modest impulses from the tourism sector, according to The Central Bank of The Bahamas’ Monthly Economic and Financial Developments report.

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