EFG International is a global private banking group offering

private banking Private banking is banking, investment and other financial services provided by banks and financial institutions primarily serving high-net-worth individuals (HNWIs)—defined as those with very high levels of income or sizable assets. A bank that ...

and

asset management Asset management is a systematic approach to the governance and realization of value from the things that a group or entity is responsible for, over their whole life cycles. It may apply both to tangible assets (physical objects such as buildings ...

services, headquartered in

Zurich Zurich (; ) is the largest city in Switzerland and the capital of the canton of Zurich. It is located in north-central Switzerland, at the northwestern tip of Lake Zurich. , the municipality had 443,037 inhabitants, the urban area 1.315 mill ...

. EFG International's group of private banking businesses operates in around 40 locations worldwide, with more than 3,073 employees (as of 31 December 2020).

History

EFG (European Financial Group) International was formed in 1995 by Jean Pierre Cuoni Lawrence D. Howell, Baron Corso von Habsburg and five 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 The Royal Bank of Scotland plc (RBS; gd, Banca Rìoghail na h-Alba) is a major retail banking, retail and commercial bank in Scotland. It is one of the retail banking subsidiaries of NatWest Group, together with NatWest (in England and Wales) ...

Structure

EFG International's largest shareholder is

EFG Bank European Financial Group EFG Bank European Financial Group SA is a bank based in Geneva, Switzerland, authorised and supervised by the Swiss FINMA and specialising in classical private banking services. It owns ca. 44% of EFG International, a global private banking group ...

, a Swiss bank based in

Geneva Geneva ( ; french: Genève ) frp, Genèva ; german: link=no, Genf ; it, Ginevra ; rm, Genevra is the second-most populous city in Switzerland (after Zürich) and the most populous city of Romandy, the French-speaking part of Switzerland. Situ ...

, holding about 44.8% 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 BTG Pactual is a Brazilian financial company that operates in the markets of investment banking, wealth management, asset management, corporate lending and sales and trading. It offers advisory services in mergers and acquisitions, wealth plan ...

holds 28.9% 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 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. The family's largest holding is its EFG Bank European Financial Group in Luxembourg, a private banking group that operates in many

jurisdictions Jurisdiction (from Latin 'law' + 'declaration') is the legal term for the legal authority granted to a legal entity to enact justice. In federations like the United States, areas of jurisdiction apply to local, state, and federal levels. Juri ...

. The Group holds 44.8% of EFG International, a global private banking group offering private banking and asset management services, listed in Switzerland on the Zurich Stock Exchange. EFGI's group of private banking businesses operates in around 40 locations worldwide, with more than 3,000 employees.

Executive committee

* Giorgio Pradelli - Chief Executive Officer * Harald Reczek - Head of Investment Solutions * Yves Aeschlimann - Group Head of Legal & Compliance * Martin Freiermuth - Chief Operating Officer * Dimitris Politis - Chief Financial Officer * Enrico Piotto - Chief Risk Officer EFG International Executive Committee
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References

{{Authority control Banks based in Zürich Companies listed on the SIX Swiss Exchange