A history of entrepreneurship
Headquartered in Zurich, Switzerland, EFG International is a global private banking and asset management group offering comprehensive, first-class investment, wealth and credit solutions to private and institutional clients around the globe.
Operating in over 40 locations with a network spanning Europe, Asia Pacific, the Americas and the Middle East, EFG has over 3,000 employees, including more than 690 highly-experienced Client Relationship Officers (CRO) supporting clients worldwide. When managing global wealth, our teams combine their international expertise with local knowhow to meet the individual needs of our clients – including members of the Next Generation.
EFG has had a strong culture of entrepreneurship and innovation ever since the business was started in 1980 with the acquisition of Geneva-based Banque de Dépôts by the Latsis family. This was soon followed by the opening of a branch in Luxembourg in 1986. Two subsidiaries were founded in London and Monaco in 1989 and 1990, respectively.
In 1995, EFG established a presence in Zurich and the EFG brand was introduced in 1997. To capture the wealth opportunity across different geographies, EFG continued its international expansion, launching a presence in Miami in 1996 and in Hong Kong and Singapore in 2000. In 2005, EFG was listed on SIX Swiss Exchange in Zurich. Since then, it has further expanded, growing its business both organically and via several acquisitions. In 2016, EFG acquired the Lugano-based Swiss private bank BSI. Their successful combination represents one of the most important transformations in Swiss private banking in the last decade. Today, EFG is one of the leading private banks in Switzerland with a global presence, a strong competitive market position and a focus on sustaining profitable growth and achieving scale, as outlined in the bank’s strategic plan.
EFG has a strong capital position and a solid and liquid balance sheet, and it is committed to pursuing a prudent risk management approach. Its Assets under Management totalled CHF 142.2 billion at end-2023.
EFG’s Purpose is: “Empowering entrepreneurial minds to create value – today and for the future”. This captures our strengths as a bank and expresses what we stand for. EFG offers comprehensive advice, security and solidity, and we are committed to always putting our clients’ interests first, thus building lasting partnerships. Our unique CRO model enables us to deliver superior service and advice in the areas of investment solutions, global markets, wealth and credit solutions to satisfy the needs of our clients and deliver shareholder value. EFG’s largest shareholder is EFG Bank European Financial Group, controlled by Latsis family interests.
