EFG International

EFG International is a global private banking group offering private banking and asset management services, headquartered in Zurich. EFG International's group of private banking businesses currently operates in 30 countries, with circa 2,500 employees. EFG International's registered shares (EFGN) are listed on the SIX Swiss Exchange.

History

EFG International was formed in 1995 by Jean Pierre Cuoni and Lawrence D. Howell. They believed that the banking industry was not delivering what wealthy clients were entitled to expect, and as a result they created a business model based on empowering Client Relationship Officers (CROs) to serve their clients without the distortions of sales targets or bureaucracy. The business was established as the Zurich branch of EFG European Financial Group, and in October 2005 EFG International became a publicly listed company.

Structure

EFG International's largest shareholder is EFG Bank European Financial Group, a Swiss bank based in Geneva, holding circa 49% of its capital. This is in turn a distinct and separate sub-group of EFG Group, based in Luxembourg. In addition, a significant stake is held by leadership, management and Client Relationship Officers.

EFG Bank is EFG International’s main Swiss private banking subsidiary. EFG Bank is headquartered in Zurich, and has branches and representative offices across Europe, the Middle East, Asia and the Americas. EFG International has a number of other private banking subsidiaries including EFG Private Bank Limited in the UK and EFG Capital in the US. More information on these can be found on EFG International's website (details below).

Performance

Financial performance as at end 2010:

• Core operating income: CHF 808.1 million.
• Core net profit: CHF 172.0 million.
• Revenue-generating clients'Assets under Management: CHF 84.8 billion.

Executive committee

• John Williamson, Chief Executive Officer.
• Lukas Ruflin, Deputy Chief Executive Officer.
• Jean-Christophe Pernollet, Chief Financial Officer
• Mark Bagnall, Chief Operating Officer.
• Fred Link, Chief Risk Officer.
• Henric Immink, Chief Legal Counsel.

All facts are taken from EFG's Annual Report 2010

Websites

EFG International: [1]

EFG Bank: [2]

EFG Private Bank: [3]

EFG Capital: [4]

EFG Motorracing: [5]

EFG Sailing: [6]