Key Points :
EFG International reported record profitability for the first ten months of 2025, surpassing internal targets, while unveiling a new three-year strategic plan. The results underscore strong momentum in assets, digital capabilities, and geographic expansion.
EFG International, the Zurich-based private banking group, has reported a record net profit of approximately CHF 320 million for the first ten months of 2025 (10M25), exceeding its stated performance targets for the period. Alongside the results, the bank presented its strategic plan for 2026–2028, outlining ambitions for sustained, double-digit profit growth and further strengthening its position in global private banking. For investors and clients, the update highlights how EFG is leveraging scale, technology, and selective acquisitions amid a shifting wealth-management landscape.
Record Results Reflect Strong Operating Momentum
The 10M25 performance marks one of the strongest periods in EFG International’s history. Profitability was supported by robust client activity, favorable interest rate dynamics, and continued growth in fee-generating businesses. Management noted that the CHF 320 million net profit already exceeds the target range previously set for the full period, reflecting disciplined cost management and resilient revenues.
A key driver has been growth in assets under management (AUM), which reached a record CHF 183.7 billion at the end of October 2025. This expansion was fueled by strong net new assets as well as the consolidation of recently completed acquisitions. Higher AUM levels typically support recurring fee income and enhance the bank’s ability to invest in advisory talent, digital banking tools, and risk infrastructure.
Strategic Plan 2026–2028: Growth, Digitalization, and Selective M&A
EFG’s newly announced 2026–2028 strategic plan targets approximately 15% annual profit growth, continuing the bank’s emphasis on sustainable and capital-efficient expansion. Management highlighted three core pillars: commercial excellence, deeper use of digital solutions, and selective mergers and acquisitions.
On the technology front, EFG is integrating BlackRock’s Aladdin Wealth™ platform into its advisory infrastructure. The system is designed to enhance portfolio analytics, risk insights, and client reporting, supporting relationship managers in delivering more data-driven advice. Digital integration is increasingly critical as private banks seek to combine personalized service with scalable technology.
The strategy also leaves room for further M&A activity, particularly in markets where EFG can add capabilities or scale efficiently. Management emphasized that any future deals would remain disciplined, focusing on cultural fit and long-term value creation rather than size alone.
Acquisitions and Leadership Changes Strengthen the Platform
In October 2025, EFG completed the acquisition of Swiss private bank Cité Gestion and a 75% stake in New Zealand-based Investment Services Group (ISG). These transactions expand the group’s footprint in core and growth markets while contributing additional AUM and specialized expertise.
The bank also announced several leadership changes aimed at supporting its next growth phase. EFG Bank (Luxembourg) S.A. nominated André Prüm as chair and Yves Maas as CEO, effective January 2026. Separately, Mary Chan was appointed CEO of EFG Wealth Solutions Singapore, reflecting a renewed focus on serving ultra-high-net-worth families in Asia.
Forward-Looking Perspective
EFG International’s latest update points to a bank entering its next strategic cycle from a position of strength. Record profits, rising assets, and targeted investments in technology and leadership suggest resilience even as global wealth markets face cyclical and geopolitical uncertainties.
Looking ahead, the pace of net new asset inflows, execution of digital initiatives, and disciplined integration of acquisitions will be key factors to monitor. If managed effectively, EFG’s strategy positions it to navigate changing interest rate conditions while sustaining profitable growth across regions.
