EFG International is a global private banking group, which offers private banking and asset management services. EFG International’s group of private banking businesses operates in more than 50 locations in 30 countries, with circa 2,400 employees (of which some 650 are private bankers). EFG International's registered shares (EFGN) are listed on the SIX Swiss Exchange. It is a member of EFG Group (see below).

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.
Since its inception, EFG International has had a record of growth in net profit and assets under management. In addition to strong organic growth, EFG International has made over 20 acquisitions since its inception. In 2007, EFG International launched EFG Financial Products, focusing on structured investment products. This business won an a Swiss Derivatives award for transparency in 2009, and in 2010 extended its geographic reach with a new entity in Frankfurt to target the German market and public distribution in the EEA area.

Structure

EFG International's largest shareholder is EFG Bank European Financial Group

EFG Bank European Financial Group

EFG Bank European Financial Group SA is a bank based in Geneva, supervised on a consolidated basis by the Swiss FINMA. It owns c. 49% of EFG International, a global private banking group specialising in private banking and asset management headquartered in Zurich, Switzerland and listed on the SIX...

, a Swiss bank based in Geneva, with 49.34% as at end 2009. 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 2009:

• Operating income: CHF 859.1 million.
• Net profit
  Net profit
  Net profit or net revenue is a measure of the profitability of a venture after accounting for all costs. In a survey of nearly 200 senior marketing managers, 91 percent responded that they found the "net profit" metric very useful...
  
  : CHF 101.1 million.
• Clients'Assets under Management: CHF 87.7 billion.

Executive committee

• Lonnie Howell, Chief Executive Officer.
• Lukas Ruflin, Deputy Chief Executive Officer.
• Jean-Christophe Pernollet, Chief Financial Officer
• Alain Diriberry, Global Chief Operating Officer.
• James T. H. Lee, CEO Asset Management.
• Frederick Link, Chief Risk Officer

All facts are taken from EFG's Annual Report 2009

Websites

EFG International: http://www.efginternational.com/

EFG Bank: http://www.efgbank.com/

EFG Private Bank: http://www.efgl.com/

EFG Capital: http://www.efgcapital.com/

EFG Motorracing: http://www.efgmotorracing.com/

EFG Sailing: http://www.efgsailing.com/