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EFG International AG (EFGN.S)

EFGN.S on Swiss Exchange

6.29CHF
4:30pm GMT
Change (% chg)

CHF-0.13 (-2.02%)
Prev Close
CHF6.42
Open
CHF6.42
Day's High
CHF6.44
Day's Low
CHF6.28
Volume
349,350
Avg. Vol
230,058
52-wk High
CHF11.20
52-wk Low
CHF6.28

Latest Key Developments (Source: Significant Developments)

EFG Reports AuM Of 140 Bln Sfr With Lower Return On Assets
Thursday, 15 Nov 2018 

Nov 15 (Reuters) - EFG International AG ::EFG INTERNATIONAL PRESERVES GROWTH MOMENTUM IN A CHALLENGING ENVIRONMENT.MAINTAINS PROFITABLE GROWTH AMID AN ONGOING CHANGE PROCESS, GENERATING UNDERLYING NET NEW ASSET GROWTH AND REALISING COST SYNERGIES AS PLANNED IN THE PERIOD FROM JULY TO END-OCTOBER 2018.YEAR-TO-DATE ANNUALISED UNDERLYING NET NEW ASSET GROWTH AT LOWER END OF 2019 TARGET RANGE WITH SWITZERLAND & ITALY REGION RETURNING TO POSITIVE UNDERLYING INFLOWS.ASSETS UNDER MANAGEMENT OF CHF 140.1 BILLION WITH LOWER RETURN ON ASSETS.ON TRACK TO REALISE TARGETED PRE-TAX COST SYNERGIES FOR END-2018.FOCUS ON DRIVING GROWTH IN KEY MARKETS, RELAUNCHING ITS DOMESTIC ITALIAN BUSINESS.NON-UNDERLYING ITEMS IMPACT LESS ON OVERALL PROFITABILITY.  Full Article

EFG International AG Names Ranjit Singh As New Chief Risk Officer
Monday, 12 Nov 2018 

Nov 12 (Reuters) - EFG International AG ::SAYS ANNOUNCES THE APPOINTMENT OF RANJIT SINGH AS ITS NEW CHIEF RISK OFFICER AND A MEMBER OF THE EXECUTIVE COMMITTEE, EFFECTIVE 01 JANUARY 2019.SINGH WILL SUCCEED THOMAS A. MUELLER, WHO WAS ELECTED TO THE BOARD OF DIRECTORS OF RAIFFEISEN SWITZERLAND ON 10 NOVEMBER 2018 AND STEPPED DOWN FROM HIS ROLE AS CHIEF RISK OFFICER AND MEMBER OF THE EXECUTIVE COMMITTEE OF EFG INTERNATIONAL AS OF THAT DATE.DIMITRIS POLITIS WILL TAKE ON THE ROLE OF CHIEF RISK OFFICER ON AN INTERIM BASIS.  Full Article

EFG International expects further outflows of customer assets
Wednesday, 25 Jul 2018 

July 25 (Reuters) - EFG International AG ::EFG INTERNATIONAL SAYS WANTS TO ACHIEVE MORE THAN THE 240 MILLION SFR SYNERGIES FROM TAKEOVER OF BSI.EFG INTERNATIONAL SAYS CONFIDENT THAT IT WILL ACHIEVE SUBSTANTIAL PROFIT FROM LIFE INSURANCE PORTFOLIO IN THE LONG TERM.EFG INTERNATIONAL SAYS WILL BOOK RESTRUCTURING COSTS IN SECOND HALF OF THE YEAR, GOAL IS TO BOOK TO HAVE BOOKED ALL RESTRUCTURING COSTS.EFG INTERNATIONAL SAYS EXPECTS FURTHER OUTFLOWS OF CUSTOMER ASSETS IN H2.  Full Article

Switzerland's EFG Int'l shares drop as new money flows slow

ZURICH, Nov 15 Swiss private bank EFG International's shares dropped sharply on Thursday after it struggled to attract new money in recent months, hurt as market volatility dented Asian clients' risk appetite.