Wikipedia

EFG International

EFG International AG
SIX: EFGN
IndustryFinancial services
Founded1995 (1995)
Headquarters
Zürich
,
Switzerland
Area served
Europe, Asia Pacific, the Americas, Middle East
Key people
ProductsPrivate banking
CHF 1.498.9 million (2024)
CHF 321.6 million (2024)
AUMCHF 165.5 billion (2024)
Total assetsCHF 40.6 billion (2024)
Total equityCHF 2.0 billion (2024)
OwnerEFG Bank European Financial Group (44.9%)
Number of employees
3,114 (2024)
ParentEFG Bank European Financial Group
Websitewww.efginternational.com

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 operates in around 40 locations worldwide, with more than 3,114 employees (as of 31 December 2024).

History

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EFG (European Financial Group) International was formed in 1995 by Jean Pierre Cuoni, Lawrence D. Howell, Baron Corso von Habsburg, and several others. The genesis of the bank was by the acquisitions of both the right to operate from the Zurich office of Banque de Deposits and the Swiss operations of the Royal Bank of Scotland.

In 2016, EFG International bought BSI from BTG Pactual for CHF 1.33 billion ($1.33 billion). Less than a year earlier, BTG Pactual had bought the Swiss bank from the Italian Generali for CHF 1.25 billion. According to EFG and BSI plans, the deal will save them 185 million Swiss francs per year until 2019. The brands of both companies have survived.[1]

In 2024, the bank continued to expand, surpassing its recruitment plan. At the end of 2024 EFG’s total number of CROs (Customer Relationship Officers) was 703, compared to 693 at end-2023. Total profit in 2024 rose to CHF 321.6 million.[2]

Structure

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EFG International's largest shareholder is EFG Bank European Financial Group, a Swiss bank based in Geneva, holding about 44.9% of its capital. This is in turn a distinct and separate sub-group of European Financial Group EFG (Luxembourg) (“EFG Group”), based in Luxembourg. In addition, BTG Pactual holds 17.3% of EFG International.

EFG Bank is EFG International’s main Swiss private banking subsidiary. EFG Bank is headquartered in Zurich, and has branches and representative offices in over 40 locations across Europe, Asia Pacific, the Americas and Middle East. EFG International has a number of other private banking subsidiaries including EFG Private Bank Limited in the UK and EFG Capital in the US.

Executive Committee[3]

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  • Giorgio Pradelli – Chief Executive Officer
  • Ioanna Archimandriti – Chief People Officer
  • Vassiliki Dimitrakopoulou – Global Head of Legal & Compliance
  • Demis Stucki – Chief Operating Officer
  • Dimitris Politis – Chief Financial Officer & Deputy CEO
  • Enrico Piotto – Chief Risk Officer
  • Andre Portelli – Head of Investment & Client Solutions

References

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  1. ^ "Swiss banks merger scramble fuelled by $1.3bn EFG deal for BSI". Financial Times. Archived from the original on 2024-03-25. Retrieved 2024-03-25.
  2. ^ "Swiss Private Banks: Which Ones Thrived, Which Ones Faltered?". finews.com. 2025-02-24. Retrieved 2025-11-20.
  3. ^ "Our Executive Committee". efginternational.com. Retrieved 2025-11-20.