Swiss group EFG International has announced the realignment of its executive leadership teams with the aim of strengthening the focus and responsiveness of the company’s governance structure. As from 1 July 2018, the company’s executive committee will be composed of six members: Giorgio Pradelli, CEO; Renato Cohn, deputy CEO and head of Investment Solutions; Vittorio Ferrario, […]
Zurich-headquartered financial group EFG International has completed the acquisition of the Luxembourg-based private banking activities of UBI Banca International (Luxembourg) from Unione di Banche Italiane. The move was announced on 28 April 2016. UBI Banca International (Luxembourg) has assets under management of circa €2.4bn and tallies around €1.5bn of assets under custody. The acquisition expands EFG […]
Paris-based asset manager Oudart Gestion, the French investment subsidiary of Swiss financial group EFG International, has merged its Asian equity fund Oudart Asie into its diversified strategy Oudart Investissement last September, the firm has announced. The Oudart Investissement fund is managed by Oudart’s chief executive officer Jacqueline Eli-Namer. As a consequence of the absorption of […]
Swiss private banking and asset management group EFG International has announced that the firm’s current deputy chief executive officer and chief financial officer Giorgio Pradelli (pictured) will succeed Joachim Straehle as chief executive officer, effective 1 January 2018, as Straehle is set to retire at the end of the year. EFG International also said that […]
Zurich-headquartered private banking group EFG International has completed the legal and operational integration of BSI in Luxembourg by way of a merger, including the BSI branch in Italy. Therefore the acquired business from BSI’s entity in Luxembourg, including the BSI branch in Italy, has been transferred to EFG Bank in Luxembourg. BSI (Europe) which was the […]
Swiss private banking group EFG International has appointed Franco Polloni ashead of Central Switzerland, Ticino & Italy Region, effective 1 August 2017 at the latest. He will also sit into the executive committee. Polloni will succeed Renato Santi, who will depart the firm after the integration of BSI’s Swiss business into EFG, that will occur in […]
Swiss private banking group EFG International (EFGI) has completed the acquisition of BSI from BTG Pactual for a preliminary purchase price of CHF1.06bn (€977.3m). EFG International’s assets under management with the purchase of BSI are estimated at CHF148bn (€136.4bn) as of 31 October 2016. In detail, the group has provided CHF575m in cash and issued […]
Zurich-headquartered private bank EFG International has agreed to acquire the Luxembourg based private banking activities of UBI Banca International from Unione di Banche Italiane. UBI Banca International (Luxembourg) has around €3.6bn in assets under management. EFG International specified that the transaction is structured as a cash acquisition of UBI Banca International (Luxembourg) S.A. and will have no material […]
Swiss private banking group EFG International is to acquire the Lugano based private bank BSI, according to an agreement signed on 21 February 2016 with BSI’s sole shareholder BTG Pactual. Together, EFG and BSI will manage around CHF170bn (€154.4bn) in assets and are to become the fifth largest private bank in Switzerland. The EFG International annual general meeting, scheduled […]
Swiss private banking group EFG International has hired Philippe Bruyère as head of Private Banking Geneva. He reports to Adrian Kyriazi, CEO, Continental Europe and head of Private Banking, Switzerland. Bruyère replaces Jean-Louis Platteau, who will focus on the development of his own portfolio of clients as well as overseeing the Independent Asset Managers segment. Prior to joining […]
Switzerland’s second largest asset manager Credit Suisse Group has reversed last year’s fall in client funds, while EFG International has more than halved last year’s asset decline, in a sign some banks are withstanding the threat of foreign money exiting as secrecy disappears.
Diversified private banking group EFG International is to sell the remaining interest it has in Marble Bar Asset Management back to that unit’s senior managers, however the CHF 28.8m transaction price is far below the sums in the purchase package it announced in late 2007.