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EFG International reported a net profit of 130 million francs in the first four months of 2025, up from 110 million the previous year, and plans to reveal a new three-year roadmap on November 25. Meanwhile, the rise of stablecoins, favored for their backing by real assets, is attracting interest from traditional financial players, but regulatory concerns are growing among Swiss authorities due to the rapid expansion and associated risks of these digital assets.
Giorgio Pradelli has been appointed to the Board and Executive Committee of the Geneva Financial Center Foundation, effective May 12. As the CEO of EFG International and EFG Bank, he will represent the Association of Swiss Asset Management Banks and contribute his extensive expertise in asset management to the board. Pradelli is also a member of the Board of Directors of the Swiss Bankers Association.
Giorgio Pradelli, CEO of the Association of Swiss Asset and Wealth Management Banks, has been appointed to the board and council of the Geneva Financial Center (GFC) as of May 12. His role will involve defining the strategic priorities of the foundation.
EFG International reports a 6% increase in net profit to CHF 321.6 million and raises its dividend from 55 to 60 centimes per share. However, CEO Pradelli faces challenges in pursuing further acquisitions, raising concerns about sustainable growth amid a difficult M&A environment. While the stock has seen short-term gains, long-term performance remains weak, prompting analysts to question the viability of organic growth without new acquisitions.
EFG International's CEO, Giorgio Pradelli, noted a lack of M&A targets despite strong interest, with potential deals exceeding 5 billion Swiss francs. The firm recently acquired Cite Gestion, but the global M&A landscape remains slow as investors await clarity on the effects of US tariffs. Pradelli shared these insights on Bloomberg TV.
EFG International's CEO Giorgio Pradelli noted a scarcity of M&A targets despite strong interest, with potential deals exceeding 5 billion Swiss francs. The firm recently acquired Cite Gestion, but the overall M&A landscape remains subdued amid global economic uncertainties, including U.S. tariff policies.
[Bloomberg]
EFG International is expanding its private banking operations with a new hub for Asian assets in London and the appointment of Soha Nashaat as Executive Chair in Dubai. This strategic move aims to address growing geopolitical tensions and the shift of wealth flows, particularly from Asian investors seeking alternatives to the US market. The London team, led by Oliver Balmelli, aims to manage three billion Swiss francs in assets within three years.
EFG International is establishing an Asia desk in London to cater to affluent Asian clients shifting assets from the US amid geopolitical changes. Led by Oliver Balmelli, the new team aims to grow to ten members and manage around 3 billion francs in client assets, capitalizing on the increasing demand for safe havens in Europe.
Swiss private bank EFG International is establishing an Asia desk in London to cater to wealthy Asian clients relocating their assets from the US amid global financial and political turbulence. The new team, led by Oliver Balmelli, aims to grow to ten members and is expected to manage significant client assets, reflecting a trend of Asian investors diversifying into Europe. Other Swiss banks have also expanded their Asian desks in response to this demand.
Giorgio Pradelli
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