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 55 locations in 30 countries, employing approximately 2175 staff of which 629 are private bankers. EFG International's registered shares (EFGN) are listed on the SIX Swiss Exchange. EFG International is a member of the EFG Group headquartered in Geneva, Switzerland, which is the third-largest banking group in Switzerland by Tier-1 Capital.

Contents 1 History 2 Structure 3 Performance 4 Executive committee 5 References

[edit] 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 Client Relations Officers (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 International is an active acquirer, having made over 20 acqusitions since its inception. Its largest recent acquisition is Marble Bar Asset Management LLP, a leading UK-based alternative asset manager specialising in long/short equity strategies and serving institutional clients as well as ultra-high-net-worth individuals. EFG International has also launched in 2007 EFG Financial Products, focusing on structured investment products. This business differs from existing activities relating to structured investment products in that it involves issuing instruments in its own name.

[edit] 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.

[edit] 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%)

[edit] Executive committee

• Lonnie Howell, Chief Executive Officer^(a)
• James T. H. Lee, Deputy Chief Executive Officer^(a)
• Rudy van den Steen, Chief Financial Officer^(a)
• Keith Gapp, Head of Strategic Marketing & Communications^(a)
• Frederick Link, Group General Counsel & Chief Risk Officer^(b)
• Alain Diriberry, Senior Executive for Global Operations and Administration^(b)

^[1] All facts are taken from EFG:s annual report 2007^(a) and press release^(b)

Home page of the company http://www.efginternational.com/

[edit] References

1. ^ EFG International annual report 2007