ZURICH, Dec 2 (Reuters) - The Swiss private bank owned by troubled BTG Pactual SA has not suffered any “extraordinary outflow” of client assets, a spokesman said on Wednesday.
“BSI is financially and operationally independent from BTG Pactual... Furthermore, we are solid and well capitalised on a stand-alone basis,” a spokesman for Lugano-based BSI said in an emailed statement.
Brazil’s BTG is in the midst of a crisis after controlling shareholder Andre Esteves resigned as CEO and chairman following a sweeping corruption investigation.
It concluded its acquisition of BSI for 1.25 billion Swiss francs ($1.22 billion) in September.
$1 = 1.0264 Swiss francs Reporting by Joshua Franklin; editing by Jason Neely