Media Relations

Be in the know with the latest news and reports from EFG

Scopri di più

Ad hoc announcement pursuant to Art. 53 LR

25 novembre 2025

EFG International presents 2028 strategic plan: Consistent performance and the power of compounding

EFG International (EFG) is today presenting its 2026-2028 strategic plan as it continues on its path of generating sustainable and profitable growth. Building on its strengths and seizing untapped opportunities, EFG aims to continue delivering double-digit profit growth of around 15% p.a. over the next cycle. Key areas of focus will be commercial excellence, investing in digital solutions to “augment” EFG’s CROs and enhancing the client experience and brand visibility. EFG intends to complement its strong organic growth ambition with M&A optionality, leveraging its surplus capital and strong capital generation.

2028 Financial targets:

  • Average annual net new asset growth rate of 4-6%1 over the 2026-2028 strategic cycle
  • Revenue margin of >85 basis points
  • Cost/income ratio of 68%
  • Return on tangible equity of 20%
  • Management floor of 12% CET1 capital ratio
  • Dividend payout ratio of 60% of net profit

2028 Ambition:

  • Annual average growth in net profit of 15% in the 2026-2028 strategic cycle
  • Hire 50 to 70 new CROs p.a.
  • Targeted cost savings of CHF 70-80 million by end-2028 (compared to 2025 cost base)
  • Accelerate delivery through bolt-on acquisitions
     

Giorgio Pradelli, CEO of EFG International:
“Over the past seven years we have generated strong growth and have translated this growth into profitability, delivering attractive returns to shareholders. At the same time, we have transformed EFG and positioned it for the future. Looking ahead to the 2026-2028 strategic cycle, we will build on our strong track record and solid foundations to unlock the full power of compounding and consistently create value for all our stakeholders.

We will maintain our strong focus on generating operating leverage and on consistently delivering bottom line growth for our shareholders. At the same time, we continue to look for new opportunities to further build scale through targeted M&A in markets where we already operate.

We aspire to be the private bank of choice for generations of clients. To realise this aspiration, we will build on our strengths, which are centred around our client-focused CRO model and our global presence. We plan to make targeted investments to capture new opportunities for growth, with an emphasis on client experience and branding, on commercial excellence, as well as on technology and innovation. We want to “augment” our CROs through even deeper collaboration with our specialist teams, through the right tools and through a strong brand to empower them to deliver best-in-class advice to our clients worldwide.”

Strong track record and successful conclusion of 2023-2025 strategic cycle
EFG is concluding its 2023-2025 strategic cycle with a strong track record of delivering sustainable and profitable growth. This growth was translated into increasing profitability and attractive returns for shareholders. At the same time, EFG has transformed its business, maintained a low risk profile and further de-risked its balance sheet.

Having consistently delivered on its three-year strategic plan, EFG has already met or exceeded its 2025 targets and is entering the next strategic cycle from a position of strength. EFG’s strong results for the first 10 months of 2025, also published today, underscore this positive momentum.

Capitalising on what it has successfully built since 2019, EFG now aims to unlock the full power of compounding to deliver continued growth with a focus on commercial excellence and on generating additional operating leverage by 2028 and beyond.

CRO model continues to be the engine of EFG’s organic growth strategy
To drive growth during the 2026-2028 strategic cycle, EFG will continue to hire top-talent CROs and CRO teams across geographies. It will maintain its hiring guidance of 50-70 new CROs per annum. Over the past two strategic cycles, this guidance has been exceeded.

In the next strategic cycle, EFG plans to “augment” its CROs through even deeper collaboration with its specialist teams of Investment Counsellors and Asset Class Specialists, through new data- and technology-based tools that will support key processes and enable a more seamless client experience, and through increased brand visibility.

To further enhance brand visibility, EFG plans to invest in further improving the digital client journey and engage with future clients through thought leadership events, personalised content and marketing activities with a focus on higher-growth locations.

These measures are designed to further increase the productivity of existing CROs and to increase success rate of newly hired CROs.

EFG is also rolling out a NextGen CRO programme and pairing new and experienced CROs across existing client books to accelerate the transfer of knowledge and ensure profitable growth in the long term.

Enhancing product and service offering to capture opportunities
EFG aims to enhance its product and service offering to further increase mandate penetration to 70-75% by end-2028 (end-October 2025: 67%) and maintain a revenue margin of more than 85 basis points (end-October 2025: 95 basis points2).

To achieve this, EFG will continue to expand its offering and enhance its products and services through content innovation, including comprehensive succession planning and family office services.

It also aims to further strengthen its funds offering through additional private markets solutions and to upgrade its credit solutions for strategic HNW and UHNW clients. In addition, EFG is extending its forex advisory to include advisory on interest rate risk and will align this offering across all markets.

Targeted cost reductions of CHF 70-80 million by 2028 while investing in technology
EFG will maintain its focus on creating operating leverage and its very disciplined approach to costs. It is launching its second Simplicity programme to maintain stringent cost controls while investing in growth. These Simplicity initiatives are expected to reduce EFG’s cost base by CHF 70-80 million by end-2028 compared to 2025.

As technology is a key enabler of business growth and an essential factor in ensuring the bank’s operational resilience, EFG plans to increase its investment in technology over the next strategic cycle (net capital expenditure of approximately CHF 130 million in the 2026-2028 strategic cycle compared to around CHF 85 million in the 2023-2025 strategic cycle).

These investments will support the “augmentation” of EFG’s CROs, standardising and streamlining processes end-to-end across all regions and increasing automation and digitalisation, including through AI-driven solutions.

New financial targets and ambitions
Building on its well-diversified business model and offering, EFG aims to grow its net profit by an average of 15% per annum in the period from 2026 to 2028. This ambition incorporates the headwinds that the private banking industry is facing in the short term, from lower interest rates and the weaker US dollar.

Progressive dividend policy with a 60% payout and surplus capital for potential acquisitions
EFG’s capital-light operating model allows for strong organic capital generation and supports its progressive dividend policy. EFG is committed to provide an attractive dividend yield to shareholders and will be raising its dividend payout guidance to 60% of annual net profit (previously: 50%). At the same time, EFG plans to continue buying back treasury shares in the market to mitigate the dilution from employee share-based incentive plans.

EFG’s capital management framework for the 2026-2028 strategic cycle includes a management floor of 12% CET1 capital ratio and the possibility of additional capital distributions if the CET1 capital ratio exceeds 15%, subject to market conditions, M&A opportunities and regulatory developments.

EFG’s surplus capital and its strong capital generation provide the opportunity for potential value-accretive acquisitions to build scale or capabilities in markets where it is already present. EFG has a strong track record in terms of closing and integrating previous acquisitions and is continuously scanning the markets for potential bolt-on acquisitions.
 

1 Alternative performance measures and Reconciliations: This media release and other communications to investors contain certain financial measures of historical and future performance and financial position that are not defined or specified by IFRS, such as "net new assets", "Assets under Management", "operating profit", "cost/income ratio", “liquidity coverage ratio”, “loan/deposit ratio”. These alternative performance measures (APMs) should be regarded as complementary information to, and not as a substitute for the IFRS performance measures. The definitions of APM used in this media release and other communications to investors, together with reconciliations to the most directly reconcilable IFRS line items, are provided in the "Alternative performance measures" section in the Half-year Report 2025 available at efginternational.com/half-year-report-2025.
2 Excluding one-time net contribution of CHF 45 million from insurance recovery.

Important disclaimer

This document has been prepared by EFG International AG (“EFG”) for use by you for general information only and does not contain, and is not to be taken as containing, any securities advice, recommendation, offer or invitation to subscribe for, purchase or redeem, any securities regarding EFG.

This release may contain specific forward-looking statements that reflect EFG’s intentions, beliefs or current expectations and projections about EFG’s future results of operations, financial condition, liquidity, performance, prospects, strategies, opportunities and the industries in which it operates. Forward-looking statements involve all matters that are not historical facts. EFG has tried to identify those forward-looking statements by using the words “may”, “will”, “would”, “should”, “expect”, “intend”, “estimate”, “anticipate”, “project”, “believe”, “seek”, “plan”, “predict”, “continue” and similar expressions. Such statements are made on the basis of assumptions and expectations which, although EFG believes them to be reasonable at this time, may prove to be erroneous.

These forward-looking statements are subject to risks, uncertainties, assumptions and other factors that could cause EFG’s actual results of operations, financial condition, liquidity, performance, prospects or opportunities, as well as those of the markets it serves or intends to serve, to differ materially from those expressed in, or suggested by, these forward-looking statements. Important factors that could cause those differences include, but are not limited to: changing business or other market conditions, legislative, fiscal and regulatory developments, general economic conditions in Switzerland, the European Union and elsewhere, and EFG’s ability to respond to trends in the financial services industry. Additional factors could cause actual results, performance or achievements to differ materially. In view of these uncertainties, readers are cautioned not to place undue reliance on these forward-looking statements. EFG and its subsidiaries, and their directors, officers, employees, agents and advisors expressly disclaim any obligation or undertaking to release any update of, or revisions to, any forward-looking statements contained in this media release and any change in EFG’s expectations or any change in events, conditions or circumstances on which these forward-looking statements are based, except as required by applicable law or regulation.