EFG International AG (EFGN.S)
15 Dec 2017
Thu, Nov 16 2017
ZURICH EFG International attracted net inflows from July to the end of the October for the first time since the Swiss private bank bought BSI bank in early 2016.
ZURICH, Nov 16 EFG International attracted net inflows from July to the end of the October for the first time since the Swiss private bank bought BSI bank in early 2016.
ZURICH, Nov 16 EFG International said it had brought in net inflows of 0.5 billion Swiss francs ($505.61 million) from July through end-October, the first time the Swiss private bank's overall incoming money turned positive since it bought BSI bank in early 2016.
ZURICH/SAO PAULO, Nov 1 Grupo BTG Pactual SA is not considering selling its stake in Swiss private bank EFG International, a source with knowledge of the matter said despite its value rising by more $300 million since it received the shares a year ago.
ZURICH EFG International's Joachim Straehle is stepping down as chief executive after some 2-1/2 years, during which time the Swiss private bank acquired troubled BSI Bank from Brazil's BTG Pactual.
* Dimitris Politis appointed new CFO, Renato Cohn deputy CEO (Adds comment from outgoing CEO, additional reason for departure, market reaction and analyst comment)
ZURICH, Oct 4 EFG International Chief Financial Officer and Deputy Chief Executive Giorgio Pradelli, 50, will take over as CEO from Joachim Straehle at the start of 2018, the Swiss private bank said on Wednesday.
(The following statement was released by the rating agency) FRANKFURT/LONDON, July 27 (Fitch) Fitch Ratings has affirmed EFG International AG's (EFGInt) and EFG Bank AG's Long-Term Issuer Default Ratings (IDRs) at 'A' and Viability Ratings (VRs) at 'a'. The Outlooks on the Long-Term IDRs are Negative. A full list of rating actions is available at the end of this rating action commentary. The rating actions are part of Fitch's periodic review of Swiss private banks. KEY RATING DRIVERS IDRS AND VR
* First-half IFRS net profit 19.2 mln francs (Recasts with comments from the CFO, adds market reaction)
ZURICH, July 26 Swiss private bank EFG International expects to hit its target for attracting net new assets from wealthy clients in 2019, Chief Financial Officer Giorgio Pradelli said on Wednesday.