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EFG International announces successful completion of penultimate integration milestone; Giorgio Pradelli, current Deputy CEO and CFO, to succeed CEO Joachim H. Straehle, who retires at year-end 2017

Following the successful completion of the platform migration of the former BSI businesses in Zurich and Geneva onto EFG’s IT platform, EFG International announces the appointment of Giorgio Pradelli as EFG’s new CEO effective 1 January 2018. Joachim H. Straehle has announced his retirement as of end-2017, when the full integration of former BSI into EFG is expected to be completed. Dimitris Politis will succeed Giorgio Pradelli in his role as CFO, and Renato Cohn has been appointed EFG’s future Deputy CEO.

04 October 2017

EFG International and BTG Pactual reach an agreement on the final price for BSI

Following the completion of the acquisition of BSI on 31 October 2016 and in order to agree the final price for BSI, EFG International and BTG Pactual have been in discussion in relation to the closing accounts for BSI as at that date. EFG International and BTG Pactual have now agreed that the final price to be paid for BSI willcomprise the 86.2 million EFG International shares and CHF 31 million of EFG International AT1 instruments already issued at completion (both unchanged) and a cash consideration of CHF 486 million. Based on the EFG International share price of CHF 5.27 as at closing, the final price is equivalent to CHF 971 million (vs. CHF 1,060 million estimated as at 31 October 2016).

17 July 2017

EFG International completes legal integration of BSI entities with integration of BSI in Monaco

EFG International today announces that it has completed the legal and operational integration of BSI in Monaco by way of a merger. This marks the final step in the legal integration of the BSI entities into EFG, achieved on schedule.

04 July 2017

EFG International announces change to its leadership team

EFG International today announces that Marcelo Coscarelli, Member of the Executive Committee, will assume responsibility for the Latin America Region as of 1 J uly 2017 bringing the region under one sole leadership. Gerald Robert, current Head of Latin America Region and a Member of the Executive Committee, has decided to step down from these roles and will retire from the company.

30 June 2017

Michael Vlahovic appointed Head of Private Banking UK of EFG International

EFG International today announces that Michael Vlahovic has been appointed Head of Private Banking UK, effective 1 July 2017, subject to regulatory approval. He will be based in London and will directly report to Anthony Cooke-Yarborough, Head of UK Region and member of EFG International’s Executive Committee.

24 May 2017
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