Be in the know with the latest news and reports from EFG
Court ruling in BSI legacy case
EFG International has taken note of the announcement by the Federal Administrative Court regarding an appeal against a FINMA decision in connection with a BSI legacy case. EFG's financial results will not be impacted by this decision.
EFG to sell its Palazzo Botta office building in Lugano to the Canton of Ticino
EFG International is today announcing the sale of its Palazzo Botta office building in Lugano to the Republic and Canton of Ticino. This transaction, which will generate significant benefits for both parties, is expected to close in the first half of 2020, subject to the Canton's approval procedures. Upon completion of the sale, EFG will remain at the Palazzo Botta building for a further three years.
EFG reports on business performance and announces GBC appointment
EFG International is continuing to systematically execute its 2022 strategic plan with a focus on achieving sustainable and profitable growth. As part of these efforts, EFG has made strong progress with its strategic business initiatives and CRO hiring in the year to date, while realising significant cost synergies.
EFG nominates new Chair and additional new Member of the Board of Directors for election at AGM 2020
The Board of Directors of EFG International and EFG Bank is today announcing the nomination of Peter Fanconi as its new Chair and of Amy Yip as a new member of the Board of Directors, subject to the approval of shareholders at the Annual General Meeting in April 2020. John Williamson, EFG’s current Chair of the Board, has decided not to stand for re-election at the next AGM.
EFG International opens advisory office in Dubai
EFG International is executing its growth strategy as presented on 13 March 2019 and expanding its footprint in the Middle East with the establishment of a new presence in Dubai, United Arab Emirates. Having received the necessary regulatory approvals from the Dubai Financial Services Authority, EFG’s new advisory office is expected to be fully operational by 11 December 2019. It will be headed by Sascha Pietrek, effective 01 November 2019.
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