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Ad hoc announcement pursuant to Art. 53 LR

21 February 2024

EFG announces the nomination of Prasanna Gopalakrishnan as a new member of the Board of Directors

The Board of Directors of EFG International and EFG Bank is today announcing the nomination of Prasanna Gopalakrishnan as a new member of the Board of Directors. Having obtained the relevant regulatory approvals, she will be proposed for election to the Board of Directors of EFG International and EFG Bank at the forthcoming Annual General Meeting (AGM) on 22 March 2024.

Prasanna Gopalakrishnan will succeed Bernd-A. von Maltzan, who has decided not to stand for re-election to the Board of Directors after serving as a member for eleven years. Subject to her election by shareholders, Prasanna Gopalakrishnan will further drive EFG’s digitalisation and support the delivery of its digital strategy. 

Prasanna Gopalakrishnan is a recognised digital expert and senior executive with over 25 years of experience and a strong track record in driving innovation and digital transformation. She has served as Group Chief Technology Officer of Sky Group since September 2021 and intends to continue in this position. From 2018 to 2021, Prasanna Gopalakrishnan was Chief Information Officer in the Consumer Digital Banking Business at Bank of America. Prior to that, she spent three years as Chief Digital & Information Officer at Boston Private. Prasanna Gopalakrishnan previously also held various senior roles at Harvard University, Fidelity Investments and Thomson Reuters. She holds a Master of Business Administration (MBA) in General Management and Finance from Northeastern University in Boston Massachusetts, USA, and a Bachelor’s degree in Engineering from the Birla Institute of Technology & Science, India. 

Alexander Classen, Chair of the Board of Directors of EFG International: "We are very pleased to propose Prasanna Gopalakrishnan for election as a new member of EFG’s Board of Directors. With her vast expertise in technology and digital transformation, I am convinced that she will be instrumental in further driving EFG’s digitalisation and in supporting the delivery of EFG’s digital strategy, as well as the further enhancement of the bank’s cybersecurity framework. Together with my colleagues on the Board of Directors, I very much looking forward to working with Prasanna Gopalakrishnan. At the same time, I would like to sincerely thank Bernd-A. von Maltzan for his outstanding commitment and his substantial contribution to EFG’s success over the past eleven years. I wish him all the best for the future."

Important disclaimer

This document has been prepared by EFG International AG (“EFG”) solely 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 media release includes 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 and 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 and advisors expressly disclaim any obligation or undertaking to release any update of or revisions to any forward-looking statements 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.