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EFG International has announced significant changes to its Board of Directors, appointing Yvonne Bettkober as an independent member to replace Prasanna Gopalakrishnan, and Luisa Delgado to succeed Amy Yip as head of the Regional Advisory Board Asia. Bettkober brings expertise in digital transformation, while Delgado, with 30 years of experience in luxury, IT, and banking, aims to enhance governance and drive international growth and digital innovation for the company.
EFG International is set to renew its board of directors ahead of the Annual General Meeting, proposing Yvonne Bettkober and Luisa Delgado as independent members. Bettkober will replace Prasanna Gopalakrishnan, while Delgado takes over from Amy Yip, who has significantly contributed to the company's growth in Asia.
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 of 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, raising 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 suggested.
Swiss wealth manager EFG International reported a 6% increase in net profit for 2024, reaching a record 321.6 million Swiss francs, driven by higher revenues and lower costs. The bank's return on equity hit 18.6%, surpassing its target, while net new money grew by 10.1 billion francs, exceeding expectations. EFG is also expanding through the acquisition of Swiss private bank Cite Gestion, which has assets under management of approximately 7.5 billion francs.
EFG International reported a six percent increase in net profit for 2024, reaching a record CHF 321.6 million, driven by higher revenues and lower costs. The bank's return on equity hit 18.6 percent, surpassing its target, while net new money grew by 10.1 billion francs, exceeding expectations. EFG is also expanding through the acquisition of Swiss private bank Cite Gestion, which has CHF 7.5 billion in assets under management.
Amy Yip
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EFG International appoints Luisa Delgado and Yvonne Bettkober to board
11:51 19.02.2025
efg international announces board renewal with new independent members
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