The ESFG Group conducts its asset management and private banking activities through its principal banking operations at Banco Espírito Santo (‘BES’) whose global distribution focuses on countries with close affinity to Portugal. The strategic triangle of BES covers the Iberian Peninsular, Angola and Brazil. ESFG holds further asset management and private banking interest in France, through Banco Espírito Santo et de la Venétie, in Switzerland, through Banque Privée Espírito Santo and in the United Arab Emirates through ES Bankers (Dubai) Ltd. ESFG recently acquired a 34.0% direct stake in Banco BEST. Banco BEST is the pioneer of interactive financial simulators based on Web technology.