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EFG Makes Executive, Boardroom Changes

Editorial Staff

2 November 2022

further drive and support EFG’s growth strategy,” Alexander Classen, chair of EFG’s board of directors, said.

“The board would like to sincerely thank Susanne Brandenberger and Steve Jacobs for their substantial contribution to EFG’s successful development and growth and for their outstanding commitment during their respective tenures. They both played an important role in transforming the bank and in defining and implementing EFG’s profitable and sustainable growth strategy,” he said.

At the end of June this year, EFG’s assets under management fell to SFr155.8 billion ($156.9 billion) from SFr172 billion at the end of December 2021, reflecting a slide in global equity markets. Net new assets fell to SFr1.7 billion from SFr4.6 billion.