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BSI Ltd

Banks established in 1873Banks of Switzerland
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BSI SA logo

BSI had been the oldest bank in the Swiss canton of Ticino until its integration into EFG Bank and the following renaming into EFG, which took place in 2017. Founded in 1873 in Lugano as the Banca della Svizzera Italiana, BSI was 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 US$1.7 billion, a deal that CEO of the bank, André Esteves stated would make BTG Pactual a “global player in the asset management arena.”In February 2016 EFG International (SIX:EFGN), the global private banking group based in Zurich, announced the acquisition of the Lugano-based private bank, according to an agreement signed on 21 February 2016 with BSI's sole shareholder BTG Pactual. The transaction was finalized on November 1, 2016. Following the closing, BSI's activities have been integrated into EFG, market by market, in Singapore, Hong Kong, Bahamas, Switzerland and Luxembourg. The integration of Monaco's activities is expected to take place by the end of the second quarter 2017. With the integration of the Swiss business, which took place at April 2017, the rollout of the renewed EFG brand has started in all locations where the legal integration of BSI has been completed and those businesses will operate solely under the EFG name.

Excerpt from the Wikipedia article BSI Ltd (License: CC BY-SA 3.0, Authors, Images).

BSI Ltd
Via Canova, Circolo di Lugano ovest

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N 46.0041 ° E 8.9525 °
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Via Canova 2
6900 Circolo di Lugano ovest, Molino Nuovo
Ticino, Switzerland
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Lugano
Lugano

Lugano (, UK also , Italian: [luˈɡaːno]; Ticinese: Lugan [lyˈɡãː]) is a city and municipality in Switzerland, part of the Lugano District in the canton of Ticino. It is the largest city of both Ticino and the Italian-speaking southern Switzerland. Lugano has a population (as of December 2020) of 62,315, and an urban agglomeration of over 150,000. It is the ninth largest Swiss city. The city lies on Lake Lugano, at its largest width, and, together with the adjacent town of Paradiso, occupies the entire bay of Lugano. The territory of the municipality encompasses a much larger region on both sides of the lake, with numerous isolated villages. The region of Lugano is surrounded by the Lugano Prealps, the latter extending on most of the Sottoceneri region, the southernmost part of Ticino and Switzerland. Both western and eastern parts of the municipality share an international border with Italy. Described as a market town since 984, Lugano was the object of continuous disputes between the sovereigns of Como and Milan until it became part of the Old Swiss Confederation in 1513. In 1803, the political municipality of Lugano was created, following the establishment of the canton. Since 1882, Lugano is an important stop on the international Gotthard Railway. The rail brought a decisive contribution to the development of tourism and more generally of the tertiary sector which are, to this day, predominant in the economy of the city. In 1956, Lugano hosted the first ever Eurovision Song Contest.

Eurovision Song Contest 1956
Eurovision Song Contest 1956

The Eurovision Song Contest 1956 was the first edition of the annual Eurovision Song Contest, organised by the European Broadcasting Union (EBU) and host broadcasters the Swiss Broadcasting Corporation (SRG SSR) and Radiotelevisione svizzera (RSI). The contest, originally titled the Grand Prix Eurovision de la Chanson Européenne 1956 (Italian: Gran Premio Eurovisione 1956 della Canzone Europea, English: Grand Prix of the Eurovision Song Competition), was held on Thursday 24 May 1956 at the Teatro Kursaal in Lugano, Switzerland, and hosted by Swiss television presenter Lohengrin Filipello, which remains the only time that the contest has been hosted by a solo male presenter. Inspired principally by the Italian Sanremo Music Festival, held annually since 1951, the concept of a televised European song contest, initially proposed by Italian broadcaster RAI, was formulated by an EBU committee led by Swiss broadcaster and executive Marcel Bezençon. Following approval at the EBU's General Assembly in 1955, the rules and structure of the contest were agreed upon. Several of the rules utilised in this first contest would subsequently be altered for future editions, and it remains the only edition in which each country was represented by two songs, with only solo performers allowed to compete, and a voting process which was held in secret and where juries could vote for the entries from their own country. Seven countries participated in the inaugural edition of the contest, and the first winner was the host country Switzerland, with the song "Refrain" performed by Lys Assia. The result was determined by an assembled jury composed of two jurors from each country, with each juror ranking each song between 1 and 10 points. Only the winning country and song were announced at the conclusion of the event, with the results of the remaining participants unknown. Even though it was broadcast on television and radio via the Eurovision network in ten countries, no video footage of the event is known to exist, with the only video available being of the reprise performance from an independent archiver; the majority of the broadcast is, however, available in audio.

Canton of Lugano
Canton of Lugano

Lugano was the name of a canton of the Helvetic Republic from 1798 to 1803, with its capital at Lugano. The canton unified the former Landvogteien of Lugano, Mendrisio, Locarno and Valmaggia. As with the other cantons of the Helvetic Republic, the autonomy of Lugano was very limited, the republic having been founded by Napoleon in order to further centralise power in Switzerland. The canton was led by a Directory of five members, who appointed a "national préfet", the first of whom was Giacomo Buonvicini. The canton was riven with dispute between "patriots", supporting the Cisalpine Republic, and traditionalist "aristocrats". The politics of the central government — the seizure of church property, the introduction of direct taxation, mandatory military service, an amnesty favouring Cisalpine patriots and a law regarding municipalities that rejected the secular tradition of communal autonomy — as well as the military occupation by the French Revolutionary Armies, with its associated violence and requisitions, all combined to maintain a level of hostility to the new régime within the local population, which eventually rose up against the régime. In Lugano, during anti-French protests of 28 April and 29 April 1799, the printer Agnelli's was looted and the abbot Giuseppe Lodovico Maria Vanelli and other Cisalpine patriots were killed; the préfet Francesco Capra, who succeeded Buonvicini earlier that year, fled and power passed to a provisional government sympathetic to the Habsburgs. Similar protests erupted in Mendrisio and Locarno. The arrival of Austro-Russian troops led to further requisition and pillage, leading to further shortages amongst the local population. French occupation was restored in 1800, with further consequences for the Luganese. Commissioner Heinrich Zschokke re-established the authority of the Helvetic Republic on his arrival; a new préfet was appointed, Giuseppe Giovanni Battista Franzoni. After two abortive attempts to unite Lugano with Bellinzona in the first two years of the 19th century, popular discontent, combined with fiscal pressure and a disastrous economic situation, led to a revolt in Capriasca early in 1802, which led to the autumn pronunciamento of Pian Povrò, named for the location of a district general congress, between Massagno and Breganzona, which declared the independence of Lugano from the Helvetic client republic. With the Act of Mediation, the following year, political agitation was finally quelled, as were the struggles between unionists and federalists; merger with Bellinzona was at last completed, creating the Ticino, which endures to the present day.