EFG International, based in Zurich, experienced strong net inflows across all regions, with particularly impressive growth in Asia.

In the first ten months of 2024, the bank achieved net new assets of 7.4 billion francs ($8.4 billion), surpassing its target range of 4.6% and achieving an annualized growth rate of 6.3%. By the end of October 2024, revenue-generating assets under management reached approximately 159 billion francs, driven by net inflows, favorable foreign exchange impacts, and positive market performance.

EFG International"s net profit for the period was 260 million francs, lower than the full-year figure of 303.2 million francs in 2023. CEO Giorgio Pradelli emphasized the bank"s resilience, highlighting strong client activity and increased mandate penetration. The significant net asset inflows during the reporting period reflect the trust clients have in EFG, which has been strengthened by strategic investments made in 2023, particularly in hiring client relationship officers who have made notable contributions to the bank"s total net new assets.