EFG International is a global private banking group offering private banking and asset management services, headquartered in Zurich. EFG International's group of private banking businesses operates in around 40 locations worldwide, with more than 3,114 employees (as of 31 December 2024).
History
EFG (European Financial Group) International was formed in 1995 by Jean Pierre Cuoni, Lawrence D. Howell, Baron Corso von Habsburg, and several others. The genesis of the bank was by the acquisitions of both the right to operate from the Zurich office of Banque de Deposits and the Swiss operations of the Royal Bank of Scotland.
In 2016, EFG International bought BSI from BTG Pactual for CHF 1.33 billion ($1.33 billion). Less than a year earlier, BTG Pactual had bought the Swiss bank from the Italian Generali for CHF 1.25 billion. According to EFG and BSI plans, the deal will save them 185 million Swiss francs per year until 2019. The brands of both companies have survived.[1]
In 2024, the bank continued to expand, surpassing its recruitment plan. At the end of 2024 EFG’s total number of CROs (Customer Relationship Officers) was 703, compared to 693 at end-2023. Total profit in 2024 rose to CHF 321.6 million.[2]