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EFG Combines Legal, Compliance Teams Into One Group

Tom Burroughes

22 October 2018

into the EFG operation. BSI’s Singapore business lost its bank licence in the Asia city-state in 2016 due to money laundering control lapses. EFG said that Ferrario has substantially improved EFG’s compliance framework. Ferrario will continue at EFG until early next year to help with the new-look compliance structure at the bank.

At Edmond de Rothschild, Aeschlimann was group head of legal compliance, a position he held from 2013. Prior to this, he was a senior financial sector specialist at the World Bank, Washington DC, and before that, he spent eight years at the Geneva Criminal Justice Department as an investigating magistrate, from 2001 to 2009. Aeschlimann is a registered barrister and began his career as a practising attorney in Geneva.