|
In connection with today’s Annual General Meeting of EFG International, EFG is providing an update on the performance of its business in the first three months of 2022. EFG achieved a solid operating result during this period. While growth momentum from late February to the end of March was impacted by the challenging market environment, growth trends have recovered in April. Today EFG also announces that Boris Collardi is being proposed as a new member of the Board of Directors and intends to buy approximately 3.6% of EFG International shares.
EFG’s revenue-generating Assets under Management decreased to CHF 166.7 billion at end-March 2022 from CHF 172.0 billion at end-2021. The decline in Assets under Management in the first three months of 2022 was driven by...
|