verification . please help improve this article by adding citations to reliable sources . unsourced material may be challenged and removed . april 2013 learn how and when to remove this template message bsi ltd type aktiengesellschaft industry financial services founded 1873 ; 143 years ago 1873 headquarters via magatti 2 lugano switzerland key people joe rickenbacher chairman roberto isolani ceo 1 products private banking asset management revenue chf 816.6 million 2015 2 profit chf 112.5 million 2015 2 total equity chf 21 billion 2015 2 number of employees 1 900 fte 2015 2 website www.bsibank.com bsi is the oldest bank in the swiss canton of ticino . founded in 1873 in lugano as the banca della svizzera italiana today bsi is an institution that specialises in asset management and related services for private and institutional clients . in 1998 the bank became part of the italian generali group one of the world s biggest insurance companies . in july 2014 generali sold bsi to btg pactual for 1.7 billion usd 3 a deal that ceo of the bank andr esteves stated would make btg pactual a global player in the asset management arena . 4 5 in february 2016 efg international six efgn the global private banking group based in zurich announced that it is to acquire the lugano based private bank according to an agreement signed on 21 february 2016 with bsi s sole shareholder btg pactual . contents 1 history 2 product and services 2.1 private banking 2.2 wealth management 3 initiatives and events 4 bsi art foundation 5 bsi gamma foundation 6 centenario foundation 7 bsi architectural foundation 8 references 9 external links history edit in 1873 bsi opened its main office on piazza della riforma in lugano . the next year the bank opened its first branch this in locarno . branches in bellinzona 1879 and chiasso 1906 followed . in 1880 bsi relocated its headquarters to the historic palazzo dei marchesi riva which dates back to 1747 where the headquarters of the bank are located to this day . 1881 bsi is the only bank in ticino authorised to issue banknotes until 1907 1935 bsi opens a branch office in zurich 1969 the start of international expansion 1973 one hundredth anniversary of bsi . bsi opens the st.moritz branch 1975 bsi extends its reach to the french speaking part of switzerland . 1976 bsi opens its first representation in south america in caracas venezuela . 1981 opening of the hong kong office . 1988 bsi extends its activities to the principality of monaco . 1998 assicurazioni generali trieste becomes the sole shareholder 2000 as of 1 january banca della svizzera italiana is officially renamed bsi sa . in november it opened new offices in lausanne . 2005 opens bsi bank ltd in singapore 2005 september the new bsi building opens at via canova 6 lugano . 2006 bsi acquires banca unione di credito . 2008 bsi acquires banca del gottardo and opens a representative office in bahrain 2011 bsi expands in asia and obtains a banking license to open a branch in hong kong 2013 bsi expands into italy and obtains a banking licence to open the italian branch of bsi europe in milan . 2014 bsi branch opening in panama 2015 after the launch of the branch in milan bsi opens a second italian branch in como on 14 july 2014 the brazilian group btg pactual purchased bsi subject to approval by the swiss financial market supervisory authority finma . from 15 september bsi is a subsidiary of btg pactual . 2016 in february efg international six efgn the global private banking group based in zurich announced that it is to acquire bsi according to an agreement signed on 21 february 2016 with bsi s sole shareholder btg pactual . 2016 in may the monetary authority of singapore mas announced that it had served bsi bank singapore limited notice of intention to withdraw its status as a merchant bank in singapore for serious breaches of anti money laundering requirements poor management oversight of the bank s operations and gross misconduct by some of the bank s staff . 6 product and services edit private banking edit management mandate personalised mandate advisory services fund based accumulation plans bsi investment funds selection of third party funds alternative investments structured products securities trading and currencies custodian services wealth management edit financial planning corporate finance lending activities bsi art advisory initiatives and events edit the dedication demonstrated by bsi to new ideas has been put into practice by promoting research foundations conferences personal and collective exhibitions publications expositions of art and exclusive collections prestigious concerts and a number of other endeavours . bsi is more than a patron it vigorously promotes communication in these areas organizing and taking part in events . the bank has always maintained its commitment to art music and culture with an active and constant presence at high profile performances and exhibitions . bsi art foundation edit the bsi art foundation promotes the arts and culture in all of their forms . it organises events exhibitions and displays in collaboration with other institutions associations of individual artists and worldclass national museums . it publishes brochures books and catalogues about art and artistic endeavours . the foundation grants scholarships to talented young artists . for established artists it sets up funds and contributes to developing the artists potential . bsi gamma foundation edit established on the 125th anniversary of bsi the bsi gamma foundation promotes research in the area of asset management and cooperation between the world of research and practical applications assigns research mandates to people or institutions with recognized experience in the sector organises conferences and publishes the research results . centenario foundation edit the centenario foundation began in 1973 on the occasion of bsi s first one hundred years . its scope is to bestow monetary recognition to persons or institutions which have furthered the development of italian swiss relations contributed to the betterment of understanding between the swiss and italian people or to the expansion of the common cultural heritage . bsi architectural foundation edit the bsi architectural foundation promotes understanding education and research within the field of architecture in particular by presenting a biennial architectural award the bsi architectural award the purpose of which is to recognize and bring to public and media attention architects who have made an important contribution to contemporary architecture and who have shown particular sensitivity to the landscape and environment . references edit corporate governance . bsi . retrieved 4 december 2014 . a b c d e annual report 2015 pdf . bsi . retrieved 15 june 2015 . generali sells swiss private bank to btg pactual for 1.7 billion . nytimes.com . retrieved 4 december 2014 . bray chad ; dan horch 14 july 2014 . generali sells swiss private bank to btg pactual for 1.7 billion . the new york times . retrieved 12 january 2015 . in a conference call held to discuss the acquisition btg pactual s chief executive andr esteves said that it was part of a plan to be a global player in the asset management arena . the 200 billion in combined assets under management as a result of the deal was a critical mass to continue to grow globally he said . rutishauser arthur . die neuen herren der bsi und ihre vergangenheit in german . sonntagszeitung . retrieved 10 january 2015 . die erleichterung war gross als im juni bekannt wurde dass die banca della svizzera italiana bsi die verm gen in der h he von 91 milliarden franken verwaltet einen neuen besitzer hat . er heisst btg pactual kommt aus brasilien und hat mit andr esteves einen h chst erfolgreichen chef der einst ubs angestellter war . http www.mas.gov.sg news and publications media releases 2016 mas directs bsi bank to shut down in singapore.aspx external links edit official website coordinates 46 00 15 n 8 57 09 e 46.0041 n 8.9525 e 46.0041 ; 8.9525 retrieved from https en.wikipedia.org w index.php title bsi ltd & oldid 734445165 categories banks of switzerlandbanks established in 1873hidden categories cs1 german language sources de articles needing additional references from april 2013all articles needing additional referencespages using infobox company with unsupported parameterscoordinates not on wikidata navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages deutschitalianoportugu s edit links this 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