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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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.
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 ban from the banking industry and the downfall of BSI Bank, which faced severe penalties for money laundering violations. Brunner, who has a long history in banking, continues to reside in Singapore with his family.
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efg international reports record profits and significant growth in client assets
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07:52 19.02.2025
ex-bsi banker hans peter brunner reveals truth behind 1mdb scandal in new book
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06:11 07.01.2025
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