EFG International is deepening its Latin American presence with the launch of an office in Chile.

Switzerland-based EFG International has been given the regulatory green light to establish an onshore business in Chile, as the firm continues to deepen its Latin American footprint.

The EFG Chile office operates in the country with a local brokerage licence, enabling it to offer clients a combination of local and international wealth management services.

Benjamin Hughes and Gonzalo Ferrer have been named as managing partners of the new business.

EFG International is a global private banking group headquartered in Zurich.