Risk.net

SG Private Banking buys into Canada

CWM Group was established in Calgary and manages around C$650 million (US$658.2 million). “Its wealth management business will benefit from SG Private Banking’s international expertise, particularly in structured products and alternative investments,” says SG in a statement released this morning. The acquisition reflects SG Private Banking’s ambitions to further its international expansion. SG is already present through corporate and investment banking activities.

Paul Boeda, founder and chie