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EFG International plans to acquire Swiss private bank Cité Gestion, aiming to close the deal in the second half of 2025, pending regulatory approval. The acquisition is expected to enhance EFG's capabilities in Switzerland and boost earnings per share by 2026.Cité Gestion, managing SFr7.5bn in assets, reported a net profit of SFr6m in 2024 and serves ultra-high-net-worth individuals across various regions. EFG also reported a 6% profit increase to SFr321.6m in 2024, with a 16% rise in assets under management to SFr165.5bn.
EFG International reported a record profit of SFr321.6 million for 2024, a 6% increase from the previous year, alongside net new assets of SFr10.1 billion. The bank announced plans to acquire Cité Gestion and proposed a dividend increase to SFr0.60 per share. Additionally, four new board members were nominated for election at the upcoming Annual General Meeting.
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 achieved record financial results in 2024, with net income rising 6% to 321.6 million Swiss francs and pre-tax profit up 14% to 381.4 million Swiss francs. The bank reported net new asset inflows of 10.1 billion Swiss francs, boosting total assets under management to 165.5 billion Swiss francs, a 16% increase. A proposed dividend of 0.60 Swiss francs per share marks a 9% rise from the previous year, while the acquisition of Cité Gestion is set to enhance EFG's market presence, pending regulatory approval.
EFG International has nominated four new members for its Board of Directors ahead of the Annual General Meeting on March 21, 2025. The bank reported a 6% increase in net profit to CHF 321.6 million for 2024 and announced the acquisition of Geneva-based Cité Gestion, which managed CHF 7.5 billion in assets. Additionally, EFG experienced a strong inflow of new client assets, totaling CHF 10.1 billion, significantly exceeding its targets.
EFG International has nominated four new members for its Board of Directors to be elected at the General Meeting on March 21, 2025. Yvonne Bettkober, Luisa Delgado, Wanda Eriksen, and Konstantinos Tsiveriotis will succeed outgoing members, bringing expertise in digital transformation, luxury retail, finance, and global markets.
EFG International reported a 6% increase in net income for 2024, reaching 321.6 million Swiss francs, with operating income up 5% to nearly 1.5 billion. The bank saw significant inflows of new money totaling 10.1 billion Swiss francs and a 16.3% rise in assets under management to 165.5 billion. Additionally, the Board of Directors proposed a dividend increase to CHF 0.60 per share and announced the acquisition of Cité Gestion, pending regulatory approval.
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.
EFG International has nominated four new members to its Board of Directors ahead of the Annual General Meeting on March 21, 2025. Yvonne Bettkober, Luisa Delgado, Wanda Eriksen, and Konstantinos Tsiveriotis bring extensive expertise in digital transformation, luxury markets, finance, and global markets, respectively. Their appointments aim to enhance the bank's sustainable and profitable growth.
Yvonne Bettkober
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efg international to acquire cité gestion enhancing swiss market presence
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16:43 20.02.2025
efg international reports record profit and announces board changes for 2024
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21:24 19.02.2025
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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11:07 19.02.2025
efg international reports record profits and strong asset growth in 2024
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09:15 19.02.2025
EFG International announces board nominations and reports profit increase in 2024
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efg international nominates four new board members ahead of general meeting
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08:30 19.02.2025
EFG International reports strong financial results and plans dividend increase
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07:53 19.02.2025
efg international reports record profits and significant growth in client assets
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07:52 19.02.2025
efg international announces new board members ahead of annual general meeting
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07:45 19.02.2025
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