{
EFG International AG

Companies

}
Swiss stock market rebounds as Nvidia earnings loom amid geopolitical tensions
The Swiss stock market opened positively on Wednesday, recovering from previous losses linked to escalating Ukraine war concerns. The FuW Swiss 50 Index rose by 1.02%, with Holcim leading gains after an upgrade from JPMorgan, while Nvidia"s upcoming earnings are anticipated to significantly impact global markets. EFG International"s CEO projected a strong 2024 despite missing client money expectations.
Finanz und Wirtschaft
United States Dollar EFG International AG NVIDIA Corporation SGS SA Holcim AG Sonova Holding AG USA Deutsche Bank JPMorgan Julius Bär Show more
TradFi, Market Report
07:04 20.11.2024
efg international seeks acquisitions to boost growth and profits
Swiss private bank EFG International is actively seeking acquisitions to complement its organic growth strategy, according to Group CEO Giorgio Pradelli. The firm is collaborating with investment banks to identify culturally compatible targets that can enhance profitability. EFG anticipates exceeding last year"s record profit, having reported CHF 303.2 million in net profit for 2023 and over CHF 260 million in the first ten months of 2024, driven by strong client trading activity.
handelsblatt.com
Swiss Franc EFG International AG CHE Giorgio Pradelli
TradFi, Market Report
08:25 19.11.2024
efg international enhances wealth management with tailored financial solutions
EFG International, based in Zurich, is a leading banking group specializing in private banking and wealth management since 1995. The firm is dedicated to providing personalized financial solutions to high-net-worth clients, offering services such as investment advisory and asset management, all while emphasizing client relationships and discretion.Under CEO Brian O'Connell, EFG International is expanding globally, focusing on integrity and client-centricity, and investing in technology to enhance service delivery and client experience. The organization aims to deliver long-term value to its clients and stakeholders through innovative financial products and a robust risk management framework.
@EnergyDigital
EFG International AG CHE Brian O'Connell
TradFi, Market Report
01:42 12.11.2024
Swiss stock exchange declines as banking and cyclical stocks face pressure
The Swiss stock exchange experienced a downward trend, with the SMI index closing at 8056.71 points, down 0.35%. Banking stocks faced pressure due to uncertainties surrounding Brexit and low interest rates, while defensive heavyweights like Novartis and Nestlé showed slight gains. In the broader market, Sulzer surged 11.47% following its acquisition of Geka, while EFG International struggled, dropping 6.30%.
TicinoNews
Swiss Franc Syngenta AVC SA Julius Bär Stiftung Swatch AG gategroup GmbH Actelion Ltd. Nestlé S.A. Sulzer Ltd Richemont DNS Inc. ABB Ltd SGS SA BSI Group AG Novartis AG Credit Suisse Anlagestiftung Adecco Group AG Hoffmann-La Roche AG LafargeHolcim Ltd. Swiss Life AG Givaudan SA Geberit AG Swiss Re AG UBS AG Swisscom AG EFG International AG Zurich Insurance Group AG CHE Joe Biden Tidjane Thiam Show more
TradFi, Market Report
18:59 09.11.2024
Swiss stock exchange declines as banking stocks face renewed pressure
The Swiss stock exchange turned negative, with the SMI down 0.30% to 8060.69 points and the SPI losing 0.37% to 8704.05 points amid low trading volumes. Banking stocks faced pressure, particularly UBS (-1.86%) and Credit Suisse (-1.52%), due to uncertainties around Brexit and low interest rates. Defensive stocks like Novartis (+0.44%) showed resilience, while Sulzer surged 10.59% following its acquisition of Geka.
TicinoNews
United States Dollar Richemont DNS Inc. Julius Bär Stiftung Novartis AG gategroup GmbH Hoffmann-La Roche AG Swatch AG EFG International AG Credit Suisse Anlagestiftung Swiss Life AG GEKA GmbH Swiss Re AG Zurich Insurance Group AG SGS SA ABB Ltd Sulzer Ltd UBS AG Geberit AG LafargeHolcim Ltd. Nestlé S.A. Adecco Group AG BSI Group AG CHE Tidjane Thiam Novartis Show more
TradFi, Market Report
17:06 09.11.2024
efg international shareholders approve capital increase for bsi acquisition
EFG International shareholders have approved the creation of additional authorized capital to facilitate the acquisition of BSI from PTG Pactual, the current Brazilian owner. The approval allows for the issuance of 15 million registered shares at a par value of 50 cents each, complementing nearly 76 million securities previously authorized. This move ensures the completion of the share component of the transaction.
TicinoNews
Swiss Franc PTG Pactual EFG International AG BRA CHE
TradFi, Market Report
15:10 09.11.2024
efg international acquires bsi for 1.33 billion francs expanding private banking presence
EFG International has acquired BSI for 1.33 billion francs, with a cash payment of 975 million francs to BTG Pactual and the issuance of 52.6 million shares. The merger will create Switzerland's fifth largest private bank, managing approximately 170 billion francs in assets, while retaining both brands initially. The transaction is expected to finalize in the fourth quarter, pending shareholder and regulatory approval.
TicinoNews
Swiss Franc Banco BTG Pactual S.A. BSI Group AG EFG International AG BRA CHE Stefano Coduri Joachim Straehle Show more
TradFi, Market Report
23:44 08.11.2024
efg international enhances wealth management with tailored financial solutions
EFG International, based in Zurich, is a leading banking group specializing in private banking and wealth management since 1995. The firm is dedicated to providing personalized financial solutions to high-net-worth clients, emphasizing client relationships and discretion.Under CEO Brian O'Connell, EFG International is expanding globally while focusing on integrity and client-centricity. The company integrates services like investment advisory and asset management, supported by a strong risk management framework, to deliver long-term value.
@TechnologyMagBC
EFG International AG CHE Brian O'Connell
TradFi, Market Report
21:04 08.11.2024
Swiss stock exchange rallies as oil prices rise and key stocks gain
The Swiss stock exchange started the week positively, with the SMI Guiding Values Index rising 1.51% to 7982.44 points, while the SPI gained 1.50% to 8311.73 points. The market's optimism is fueled by increasing oil prices, benefiting companies like Transocean and cyclical stocks such as ABB and Adecco. Notable gains were also seen in banking and insurance sectors, with UBS and Swiss Re performing well, while EFG International faced a decline after announcing its acquisition of BSI.
TicinoNews
United States Dollar Julius Bär Stiftung Adecco Group AG Hoffmann-La Roche AG Nestlé S.A. LafargeHolcim Ltd. ABB Ltd Swiss Re AG Transocean Ltd. Novartis AG UBS AG Zurich Insurance Group AG EFG International AG Credit Suisse Anlagestiftung FRA CHE EFG International Novartis Adecco Transocean Nestlé ABB Julius Bär Swiss Re Roche Zurich UBS LafargeHolcim Credit Suisse Show more
TradFi, Market Report
20:10 08.11.2024
efg to maintain bsi brand and focus on lugano office after merger
EFG International CEO Joachim Strähle confirmed that Banca della Svizzera Italiana (BSI) will continue to operate as a brand post-merger, with a focus on the Lugano office. While BSI's retail activities will be maintained, the emphasis remains on private banking. The merger is expected to save CHF 185 million, primarily in IT, despite an anticipated client fund outflow of 5 to 10 percent.
TicinoNews
Swiss Franc Banca della Svizzera Italiana Avaloq Group AG Temenos AG EFG International AG CHE Joachim Strähle Show more
TradFi, News Article
19:10 08.11.2024
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