EFG International

EFG International

EFG International is a global private banking group, which offers private banking and asset management services. EFG International’s group of private banking businesses currently operates in 50 locations in 30 countries, employing approximately 1800 staff of which 564 are private bankers (EFG calls these Client Relations Officers, or CROs).

History

EFG International was formed in 1995 by Jean Pierre Cuoni and Lawrence D. Howell, with the support of the Latsis family. They believed that the banking industry was not delivering what wealthy clients were entitled to expect, as a result they created a business model based on empowering CROs to serve their clients as they see fit. The business was established as the Zurich branch of EFG European Financial Group. In October 2005, EFG International became a publicly listed company. Since its inception, EFG International has had an unbroken record of growth in net profit and assets under management. EFG Interntional is an active acquirer, having made over 20 acqusitions since its inception.

Structure

EFG Group is EFG International’s parent company. As at end 2007 it held 48.7% of EFG International’s capital and was the largest shareholder. EFG Group was the third largest Swiss-based banking group measured by shareholders equity as at end 2007. Approximately 31% of EFG International`s capital is owned by outside shareholders, the rest is held by management and CROs.

EFG Bank is EFG International’s main Swiss private banking subsidiary. EFG Bank is headquartered in Zurich, its main operating hub is in Geneva, and it has branches and representative offices across Europe, the Middle East, Asia and the Americas.

Performance

Financial performance as at end 2007:
*Operating revenue: CHF 913.8 million (up 44%)
*Net profit: CHF 332.0 million (up 44%)
*Clients'Assets under Management: CHF 98.3 billion (up 34%)

Executive committee

*Lonnie Howell, Chief Executive Officer
*James T. H. Lee, Deputy Chief Executive Officer
*Rudy van den Steen, Chief Financial Officer
*Keith Gapp, Head of Strategic Marketing & Communications
*Fred Link, Group General Counsel
*Erik Stroet, Chief Operating Officer [EFG International annual report 2007] All facts are taken from EFG:s annual report 2007

References


Wikimedia Foundation. 2010.

Игры ⚽ Нужен реферат?

Look at other dictionaries:

  • EFG International — AG Staat Schweiz Sitz Zürich Rechtsform …   Deutsch Wikipedia

  • EFG Bank — EFG International Unternehmensform Aktiengesellschaft ISIN …   Deutsch Wikipedia

  • EFG Bank European Financial Group — is a large banking conglomerate with private banking operations in many jurisdictions. It is mostly owned by Spiro Latsis. The group s subsidiaries include the publicly traded EFG Eurobank Ergasias (listed on the Athens Stock Exchange) and EFG… …   Wikipedia

  • EFG — Die Abkürzung EFG steht für: Edge defined Film fed Growth, ein Verfahren zur Herstellung von Solarzellen Element Free Galerkin Methode, ein netzfreies Verfahren aus der numerischen Mathematik (FEM/CFD) Emil Fischer Gymnasium Euskirchen… …   Deutsch Wikipedia

  • EFG-Hermes Holding Company — Articleissues cleanup = January 2007 citations missing = August 2008Infobox Company company name = EFG Hermes company location = Egypt, United Arab Emirates, Kingdom of Saudi Arabia, Qatar, Oman key people = Yasser El Mallawany, CEO Board Member… …   Wikipedia

  • International Year of Planet Earth — The United Nations General Assembly declared 2008 as the International Year of Planet Earth to increase awareness of the importance of Earth sciences for the achievement of sustainable development.UN document |docid=A RES 60 192 |type=Resolution… …   Wikipedia

  • Raiffeisen Bank International — AG Rechtsform Aktiengesellschaft (Österreich) ISIN AT0000606306 …   Deutsch Wikipedia

  • Dubai International Financial Exchange — Infobox Company company name = Dubai International Financial Exchange, Inc. company type = Privately held company company slogan = foundation = 2005 location = Dubai, United Arab Emirates key people = num employees = 1718 | industry = Financial… …   Wikipedia

  • Spiros Latsis — (2011) Spiros John Latsis (griechisch Σπύρος Λάτσης Spyros Latsis; * 1946 in Athen) ist ein griechischer Bankmanager und Unternehmer. Er ist Sohn des 2003 verstorbenen griechischen Reederei Tycoons …   Deutsch Wikipedia

  • List of banks in Switzerland — This is an alphabetical list of Swiss banks.# A A Actienbank # ABB Export Bank # ABN AMRO Bank (Schweiz) # ABN AMRO Bank N.V., Amsterdam # AIG Private Bank Ltd. # ANZ Grindlays Bank plc # AP Anlage Privatbank AG # Aargauische Kantonalbank # Adler …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”