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EFG International has appointed Demis Stucki as Chief Operating Officer, succeeding Martin Freiermuth, effective December. Stucki, with 25 years in banking, will oversee Operations and IT, enhancing digital strategy and operational efficiency. Additionally, Ioanna Archimandriti, Head of Human Resources since 2021, joins the Executive Board, highlighting HR's strategic importance. Both will report to CEO Giorgio Pradelli.
Moody's has upgraded the outlook for EFG Bank's long-term issuer rating to "stable" from "negative," while maintaining the rating at "A3." The upgrade reflects improvements in capitalization and profitability, with the long-term deposit rating raised to "Aa3" and senior unsecured liabilities to "A2." The bank's strong liquidity and low leverage ratio further bolster its financial stability.
Moody's has upgraded the outlook for EFG Bank's long-term issuer rating to "stable" from "negative," while maintaining the rating at "A3." The long-term deposit rating has been raised to "Aa3" from "A1," and the senior unsecured debt rating to "A2" from "A3," reflecting improvements in capitalization and profitability. The bank's strong liquidity and low debt levels further bolster its financial stability.
Moody's has upgraded the outlook for EFG Bank's long-term issuer rating to "stable" from "negative," while maintaining the rating at "A3." The upgrade reflects improvements in capitalization and profitability, with the long-term deposit rating raised to "Aa3" and senior unsecured liabilities to "A2." The bank's strong liquidity and low leverage ratio further bolster its financial stability.
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EFG International appoints new COO and elevates HR head to Executive Board
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