EFG International’s CEO Giorgio Pradelli saw his salary rise by 35% to CHF 7.4 million in 2024, reflecting the bank’s successful year with a profit of CHF 321 million. The Executive Board’s total remuneration increased nearly 50% to CHF 20.9 million, while the Chairman’s fee remained at CHF 1.58 million.
about EFG International CEO Salary Increases Significantly Amid Strong Profit GrowthEFG International
0 in Finance and 0 in Crypto last weekEFG International Reports Record Profits and Significant Asset Growth in 2024
EFG International reported a profit of CHF 321 million for 2024, with client assets under management rising to CHF 165.5 billion and net new assets reaching CHF 10.1 billion, a significant increase from the previous year. The bank’s cost/income ratio improved slightly to 72.9%, and it successfully onboarded new client advisors, increasing assets per advisor to CHF 348 million. Additionally, four new members are proposed for the Board of Directors, and a dividend increase to 60 centimes per share is recommended.
about EFG International Reports Record Profits and Significant Asset Growth in 2024EFG International Reports Record Profit and Acquires Cité Gestion in Geneva
EFG International reported a record profit for 2024, with a 6.1% increase in net profit to CHF 321.6 million and a 9% rise in dividends to CHF 0.60 per share. The bank also announced the acquisition of Cité Gestion, expected to close in H2 2025, enhancing its presence in Switzerland.
about EFG International Reports Record Profit and Acquires Cité Gestion in GenevaEFG International Expands with New Branches in Vaduz and Gstaad
EFG International has opened new branches in Vaduz, Liechtenstein, and Gstaad, Switzerland, on February 6 and 7, 2025, respectively. The modern offices aim to enhance client service in these strategically important regions, with teams led by Tobias Wehrli and Manuel Blanco. Franco Polloni emphasized the bank’s commitment to expanding its presence in these attractive locations.
about EFG International Expands with New Branches in Vaduz and GstaadThe Rise and Fall of BSI in the 1MDB Scandal
Hanspeter Brunner, former Asia CEO of BSI, has released a book titled “The Art of Greed: A Novel of the Rise and Fall of the Asian Great Gatsby,” detailing the 1MDB scandal. Despite being embroiled in the controversy and facing temporary arrest, he was never charged with wrongdoing. The book offers a fictional retelling of Jho Low’s story, exploring themes of greed and manipulation within the glamorous world of wealth.
about The Rise and Fall of BSI in the 1MDB ScandalEx-BSI Banker Hans Peter Brunner Reveals Truth Behind 1MDB Scandal
Hans Peter Brunner, a former banker embroiled in the 1MDB scandal, details his dramatic arrest and subsequent ordeal in his new book, “The Art of Greed,” which explores the fraud from the perspective of mastermind Jho Low. Despite being cleared in 2021, Brunner’s reputation suffered irreparably, leading to his departure from the banking industry after years of scrutiny and regulatory actions against BSI Bank. He continues to reside in Singapore with his family.
about Ex-BSI Banker Hans Peter Brunner Reveals Truth Behind 1MDB ScandalJulius Baer Sells Brazilian Wealth Management Unit to Banco BTG Pactual
Julius Baer is divesting its Brazilian wealth management subsidiary to Banco BTG Pactual, while continuing to serve clients from other locations. The sale, valued at CHF 91 million, is expected to enhance Julius Baer’s CET1 capital ratio by approximately 30 basis points and is set to close in early 2025, pending regulatory approvals.
about Julius Baer Sells Brazilian Wealth Management Unit to Banco BTG Pactual