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Ad hoc announcement pursuant to Art. 53 LR
In the first nine months of 2021, EFG significantly increased its profitability compared to the previous year period and continued to grow its business at the upper end of the target range. The bank also made further progress in resolving legacy matters as it prevails in the dispute with a Taiwanese insurance company.
Ad hoc announcement pursuant to Art. 53 LR
In the first half of 2021, EFG delivered a strong operational performance and achieved further growth, resulting in a significant improvement in profitability. The bank also substantially de-risked its legacy life insurance portfolio.
EFG International is today announcing the appointment of Harald Reczek as a member of its Executive Committee, effective 01 May 2021. This follows his appointment as the new Head of Investment Solutions and as a member of the Global Business Committee of EFG International on 22 March 2021.
At today’s Annual General Meeting of EFG International, shareholders approved all the motions proposed by the Board of Directors, including the payment of a dividend of CHF 0.30 per share.
In connection with EFG International’s Annual General Meeting, which is being held today without shareholders being physically present, EFG is providing an update on its business performance in the first quarter of 2021.
EFG International (EFG) has entered into an agreement to sell its minority stake in Asesores y Gestores Financieros S.A. (A&G) to the Spanish private bank’s management team. EFG and A&G will continue to cooperate in various areas.
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