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United Kingdom

EFG International AG (EFGN.S)

EFGN.S on Swiss Exchange

6.69CHF
23 May 2019
Change (% chg)

CHF-0.13 (-1.91%)
Prev Close
CHF6.82
Open
CHF6.81
Day's High
CHF6.81
Day's Low
CHF6.67
Volume
180,961
Avg. Vol
150,599
52-wk High
CHF8.16
52-wk Low
CHF5.25

Latest Key Developments (Source: Significant Developments)

EFG Announces Closing Of Acquisition Of Majority Stake In Shaw And Partners
Tuesday, 30 Apr 2019 

April 30 (Reuters) - EFG International AG ::EFG INTERNATIONAL ANNOUNCES THE CLOSING OF THE ACQUISITION OF MAJORITY STAKE IN SHAW AND PARTNERS.  Full Article

EFG International Says Net Asset Development Has Been Slow In 2019
Friday, 26 Apr 2019 

April 26 (Reuters) - EFG International AG ::SAYS EFG INTENDS TO REPURCHASE SHARES FROM THE MARKET TO FUND ITS EMPLOYEE INCENTIVE PLANS.SAYS FINANCIAL RESULTS FOR THE FIRST MONTHS OF 2019 MIRRORED THE CHALLENGING MARKET ENVIRONMENT, WHICH WAS MARKED BY SUBDUED CLIENT TRANSACTION ACTIVITY, OFFSET BY A STRONG PERFORMANCE FROM ASSET AND LIABILITY MANAGEMENT ACTIVITIES.SAYS YEAR TO DATE, NET ASSET DEVELOPMENT HAS BEEN SLOW, WITH NET NEW MONEY LARGELY FLAT AND LIMITED DELEVERAGING, PRIMARILY IN ASIA.SAYS PERFORMANCE OF EFG’S SWITZERLAND BUSINESS HAS BEEN ENCOURAGING IN THE FIRST MONTHS OF 2019, SHOWING SIGNS OF STABILISATION.SAYS YEAR-TO-DATE ASSETS UNDER MANAGEMENT WERE CHF 138.0 BILLION AND CHF 149.1 BILLION1 , INCLUDING THE ACQUISITION OF SHAW AND PARTNERS IN AUSTRALIA.SAYS EFG CONTINUED TO REALISE COST SYNERGIES TOWARDS ITS CUMULATIVE TARGET OF CHF 240 MILLION BY END-2019, WHILE CONTINUING TO INVEST INTO GROWTH THROUGH NEW BUSINESS INITIATIVES AND BY ACCELERATING THE HIRING OF CRO TEAMS.SAYS EFG’S RESULTS WERE MARGINALLY NEGATIVELY IMPACTED BY ITS LIFE INSURANCE PORTFOLIO OVER THE FIRST MONTHS OF THE YEAR.SAYS IN THE NEXT TWELVE MONTHS, EFG PLANS TO PURCHASE UP TO 8,000,000 ORDINARY SHARES, WHICH REPRESENT APPROXIMATELY 2.7% OF THE CURRENT TOTAL OUTSTANDING SHARE CAPITAL.  Full Article

EFG International To Announce Successor For Mueller In Due Time
Friday, 14 Sep 2018 

Sept 14 (Reuters) - EFG International AG ::HAS NOTED TODAY’S ANNOUNCEMENT OF THE NOMINATION OF THOMAS A. MUELLER FOR ELECTION TO THE BOARD OF DIRECTORS OF RAIFFEISEN SWITZERLAND.WILL ANNOUNCE A SUCCESSOR IN DUE TIME.  Full Article

EFG International AG Strengthens Management Teams
Thursday, 13 Sep 2018 

Sept 13 (Reuters) - EFG International AG ::STRENGTHENS MANAGEMENT TEAMS.RICHARD THOMAS MBE, HEAD OF UK REGION AND CEO OF EFG PRIVATE BANK LIMITED, LONDON, EFFECTIVE 02 JANUARY 2019,.  Full Article

EFG International AG Says Saw Underlying Net New Assets Grow At Lower End Of Of 3-6 Percent Target Range
Friday, 27 Apr 2018 

April 27 (Reuters) - EFG International AG ::SAYS SAW UNDERLYING NET NEW ASSETS GROW WITHIN ITS TARGET ANNUALISED RANGE OF 3-6% IN YEAR TO DATE.SAYS SAW UNDERLYING NET NEW ASSETS GROW AT LOWER END OF OF 3-6 PERCENT TARGET RANGE.SAYS EFG INTENDS TO REPURCHASE SHARES FROM THE MARKET TO FUND ITS EMPLOYEE INCENTIVE PLANS..  Full Article

Deals of the day-Mergers and acquisitions

May 10 The following bids, mergers, acquisitions and disposals were reported by 2030 GMT on Friday: