Annual Report - EFG Bank Group

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6 EFG Group’s Activities The EFG Group The EFG Group, headquartered in Geneva, is a worldwide banking and financial institution. It is organised into two subgroups: − EFG International, Zurich, a global private banking organisation listed on the Swiss exchange, SWX; − Eurobank EFG, Athens, a leading banking and financial institution listed on the Athens Stock Exchange, offering a full range of banking, asset management, insurance and other related services in Greece and Central and South-Eastern Europe, and with offices in London and Luxembourg. EFG International The EFG International group offers a broad range of private banking products and services, which include investment services, securities brokerage, wealth management, deposits, foreign exchange, lending (mainly secured by assets pledged as collateral), custody services, payment services, financial advisory, management and sale of investment funds (including hedge funds and funds-of-funds), product structuring, trust services and personal financial services. The group is headquartered in Zurich and has offices in Geneva, the Swiss Valais, Athens, Bahrain, Bogota, Birmingham, Buenos Aires, Caracas, Dubai, Gibraltar, Gothenburg, Guernsey, Hamilton (Bermuda), Helsinki, Hong Kong, Jakarta, Jersey, Kristianstad (Sweden), Lima, London, Lulea (Sweden), Luxembourg, Makati City (the Philippines), Malmo, Mexico City, Miami, Monaco, Nassau, New York, Quito, Singapore, Stockholm, Taipei and Vaduz (Liechtenstein). The EFG International group’s successful growth is the result of a strategy that combines organic growth based on a business development incentive scheme for customer relationship officers and members of management, and selective acquisitions. EFG International has adopted an “open platform” philosophy, allowing customer relationship officers to select the financial products that correspond best to their clients’ needs, irrespective of whether these products have been developed internally or are being offered by third-party institutions. This business model is organised around a reliable operational and IT platform and is subject to strict internal controls. The group also develops a wide range of innovative products, tailored to meet its clients’ requirements, taking advantage of changing financial market conditions. This offering covers a broad spectrum of products (equities, foreign exchange, fixed-income securities, deposits, notes, derivatives, etc.), with specific expertise in funds-of-funds, structured products, hedge funds and other alternative investments. In Europe, the EFG International group has banking operations in Switzerland, the United Kingdom, Guernsey, Sweden, Finland, Luxembourg, Monaco, Liechtenstein and Gibraltar. EFG Group
EFG Group’s Activities (continued) In Switzerland, EFG Bank takes care of an international clientele, providing them with the full range of the group’s financial products and services. In addition, the Geneva offices of the bank perform a large part of the IT processing of branches of the bank and other banks of the Group. EFG Bank supplements its offshore service offering through its Guernsey branch and banking subsidiaries in Monaco, Gibraltar and Liechtenstein. It also provides trust administration services through its subsidiary in the British Virgin Islands. EFG International also has notable expertise in funds-of-hedgefunds management through its subsidiary, C.M. Advisors Ltd, headquartered in Hamilton (Bermuda). In London, EFG Private Bank Limited services an international and domestic clientele. It is authorised and regulated by the Financial Services Authority. Through its Asset Management division and its subsidiaries, EFG Wealth Management Limited and EFG Platts Flello Limited, it also provides asset management and financial advisory services. The bank also offers stockbroking services in Birmingham and the Midlands region through its division EFG Harris Allday. To meet the offshore needs of its international clientele, the bank has subsidiaries in Guernsey, EFG Private Bank (Channel Islands) Limited, which provides offshore private banking, and in Jersey, EFG Offshore Limited, which specialises in trust and company administration services. EFG Offshore Limited also has trust and fund administration subsidiaries in Geneva and Hong Kong. In Monaco, EFG Eurofinancière d’Investissements SAM provides its private and institutional clients with personalised management of assets as well as investment advisory services based on traditional asset classes and investment funds, particularly hedge funds and private equity placements. It also caters to the needs of wealthy families in offering family office services. In Sweden and Finland, EFG Investment Bank AB specialises in structured and other private Annual Report 2006 banking products for a large number of Scandinavian private and institutional clients. Towards the end of 2006, EFG Investment Bank AB announced the acquisition of a local renowned securities brokerage and wealth management company, Quesada Kapitalförvaltning AB, which will allow the bank to gain new clients and strengthen its expertise in this area. In Luxembourg, EFG International consolidates its European Union activities through an intermediary holding company and has a private banking subsidiary as well as some of its investment funds, providing its clients with diverse investment strategies and a variety of risk profiles, including alternative strategies and industry-specific funds. In the Middle East, EFG Bank has a DIFC branch in Dubai and a representative office in Bahrain to cover the regional markets. In the Far East, EFG Bank has licensed banking branches in Hong Kong and Singapore, and representative offices in Jakarta and Makati City in the Philippines. In addition, EFG International has securities investment and financial consulting subsidiaries in Taiwan. Group 7
Page 1: Annual Report 2006
Page 4 and 5: Contents 3 Consolidated Financial H
Page 6 and 7: 4 Report of the Board of Directors
Page 10 and 11: 8 EFG Group’s Activities (continu
Page 12 and 13: 10 Group Presence EFG Bank European
Page 14 and 15: 12 Board of Directors and Group Exe
Page 16 and 17: 14 Consolidated Statement of Income
Page 18 and 19: 16 Consolidated Statement of Change
Page 20 and 21: 18 Notes to the Consolidated Financ
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56 Notes to the Consolidated Financ
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EFG Group
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Contents 78 Review of Parent Bank a
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78 Review of Parent Bank Activities
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80 Statement of Income for the year
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82 Off-Balance Sheet Positions at D
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84 Notes to the Financial Statement
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Annual Report - EFG Bank Group

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