Latest news with #EFG
Yahoo
03-05-2025
- Business
- Yahoo
There's Not a Lot of M&A Targets Around, Says EFG CEO Pradelli
Swiss wealth manager EFG International CEO Giorgio Pradelli says there are not many acquisition targets at the moment despite "very active" interest. Last year, Pradelli had said he was looking at potential deals "north of 5 billion" Swiss francs ($6 billion), with Switzerland, the UK, Luxembourg and Monaco being potential places to deploy excess capital. EFG announced the purchase of smaller rival Cité Gestion earlier this year. While the financial industry has seen some mergers and acquisitions in the past few weeks, a broader global slump in dealmaking has spilled over to this year as investors remain on the sidelines to make sense of US President Donald Trump's tariff war. Pradelli spoke on "The Pulse with Francine Lacqua" on Bloomberg TV. Sign in to access your portfolio
Bloomberg
02-05-2025
- Business
- Bloomberg
There's Not a Lot of M&A Targets Around, Says EFG CEO Pradelli
Swiss wealth manager EFG International CEO Giorgio Pradelli says there are not many acquisition targets at the moment despite "very active" interest. Last year, Pradelli had said he was looking at potential deals 'north of 5 billion' Swiss francs ($6 billion), with Switzerland, the UK, Luxembourg and Monaco being potential places to deploy excess capital. EFG announced the purchase of smaller rival Cité Gestion earlier this year. While the financial industry has seen some mergers and acquisitions in the past few weeks, a broader global slump in dealmaking has spilled over to this year as investors remain on the sidelines to make sense of US President Donald Trump's tariff war. Pradelli spoke on "The Pulse with Francine Lacqua" on Bloomberg TV. (Source: Bloomberg)
Yahoo
24-04-2025
- Business
- Yahoo
EFG appoints Soha Nashaat as executive chair of Dubai subsidiary
EFG (Middle East) Limited in Dubai (EFG Dubai), part of EFG International, has named Soha Nashaat as its new executive chair, effective 1 May 2025. In her new role, Nashaat will concentrate on driving sustainable growth for EFG in the region and expanding the bank's operations into new markets. She will collaborate with the senior management team of EFG International to align with the group's strategic objectives and positioning. She will be stationed in Dubai and will report directly to Patrick Ramsey, head of the Continental Europe and Middle East Region at EFG. She will also work in conjunction with EFG Dubai CEO Ali Sandila. Nashaat said: 'I am honoured to have been appointed to this important role to further elevate the profile of EFG in this dynamic market. I very much look forward to working with Patrick Ramsey, Ali Sandila and the board of directors of the Dubai entity and the Group to take the business in the Middle East region to the next level.' In a career spanning over three decades in the wealth management sector, Nashaat has held senior executive and non-executive positions with a focus on Middle Eastern markets. Earlier, she was CEO of Barclays Wealth Middle East, offshore middle east head at Merrill Lynch, and member of the board of directors of Barclays Bank Suisse. Ramsey said: 'I am delighted to welcome Soha Nashaat as our new Executive Chair for Dubai. I am convinced that with her vast leadership experience from renowned banking groups and the strategic board positions she has held in the region, she will succeed in driving the further growth of our business in this market and beyond.' Since its inception in Dubai in 2019, EFG has established a significant presence, with assets under management exceeding SFr6bn ($7.26bn) at the end of 2024. In February this year, EFG International unveiled plans to acquire 100% of Swiss private bank Cité Gestion. "EFG appoints Soha Nashaat as executive chair of Dubai subsidiary" was originally created and published by Private Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Zawya
22-04-2025
- Business
- Zawya
EFG announces strategic leadership appointment in Dubai
Zurich / Dubai: EFG (Middle East) Limited in Dubai (EFG Dubai), a subsidiary of EFG International AG, is today announcing the appointment of Soha Nashaat as its new Executive Chair, effective 01 May 2025. Soha Nashaat will focus on further driving EFG's sustainable growth in the region and on expanding the bank's business into new markets. She will work closely with the senior management team of EFG International to support the Group's overall strategic objectives and positioning. Soha Nashaat will be based in Dubai, reporting directly to Patrick Ramsey, Head of the Continental Europe & Middle East Region at EFG, and she will work closely with Ali Sandila, CEO of EFG Dubai. Since EFG started operating in Dubai in 2019, the team has built a strong presence, with assets under management of over CHF 6 billion at end-2024. For EFG International, Dubai is a key growth market and an important hub in the Middle East. In the newly established function of Executive Chair, Soha Nashaat will be responsible for ensuring that EFG Dubai maintains and further develops its strong strategic position to deliver sustained and profitable growth. Soha Nashaat brings with her over 30 years of experience in the wealth management industry in senior executive and non-executive roles with a focus on Middle Eastern markets. She previously held various leadership positions, including serving as CEO of Barclays Wealth Middle East, as Offshore Middle East Head at Merrill Lynch and as a Member of the Board of Directors of Barclays Bank Suisse S.A. Patrick Ramsey, Head of the Continental Europe & Middle East Region at EFG: 'I am delighted to welcome Soha Nashaat as our new Executive Chair for Dubai. I am convinced that with her vast leadership experience from renowned banking groups and the strategic Board positions she has held in the region, she will succeed in driving the further growth of our business in this market and beyond. I look forward to working with Soha Nashaat and Ali Sandila our CEO of EFG Dubai since 2022. Ali has been instrumental in building our business in Dubai and establishing a strong and committed local team of experts since joining us in 2019.' Soha Nashaat, designated Executive Chair of EFG Dubai: 'I am honoured to have been appointed to this important role to further elevate the profile of EFG in this dynamic market. I very much look forward to working with Patrick Ramsey, Ali Sandila and the Board of Directors of the Dubai entity and the Group to take the business in the Middle East region to the next level.' Ali Sandila, CEO of EFG Dubai: 'I look forward to partnering with Soha Nashaat and to benefitting from her tremendous expertise as we continue to grow our activities and serve our clients in Dubai and the wider region.' -Ends- Contact Investor Relations Media Relations investorrelations@ mediarelations@ About EFG International EFG International is a global private banking group offering private banking and asset management services and is headquartered in Zurich. EFG International's group of private banking businesses operates in over 40 locations worldwide. Its registered shares (EFGN) are listed on the SIX Swiss Exchange. Important Disclaimer This document has been prepared by EFG International AG ('EFG') solely for use by you for general information only and does not contain and is not to be taken as containing any securities advice, recommendation, offer or invitation to subscribe for, purchase or redeem any securities regarding EFG. This release contains specific forward-looking statements that reflect EFG's intentions, beliefs or current expectations and projections about EFG's future results of operations, financial condition, liquidity, performance, prospects, strategies, opportunities and the industries in which it operates. Forward-looking statements involve all matters that are not historical facts. EFG has tried to identify those forward-looking statements by using the words 'may', 'will', 'would', 'should', 'expect', 'intend', 'estimate', 'anticipate', 'project', 'believe', 'seek', 'plan', 'predict', 'continue' and similar expressions. Such statements are made on the basis of assumptions and expectations which, although EFG believes them to be reasonable at this time, may prove to be erroneous. These forward-looking statements are subject to risks, uncertainties and assumptions and other factors that could cause EFG's actual results of operations, financial condition, liquidity, performance, prospects or opportunities, as well as those of the markets it serves or intends to serve, to differ materially from those expressed in, or suggested by, these forward-looking statements. Important factors that could cause those differences include, but are not limited to: changing business or other market conditions, legislative, fiscal and regulatory developments, general economic conditions in Switzerland, the European Union and elsewhere, and EFG's ability to respond to trends in the financial services industry. Additional factors could cause actual results, performance or achievements to differ materially. In view of these uncertainties, readers are cautioned not to place undue reliance on these forward-looking statements. EFG and its subsidiaries, and their directors, officers, employees and advisors expressly disclaim any obligation or undertaking to release any update of or revisions to any forward-looking statements in this media release and any change in EFG's expectations or any change in events, conditions or circumstances on which these forward-looking statements are based, except as required by applicable law or regulation. EFG International AG Bleicherweg 88001 Zurich Switzerland
Arab News
21-04-2025
- Sport
- Arab News
The ESL Saudi Challenge returns in 2025 with two editions
RIYADH: ESL FACEIT Group, the world's leading e-sports company, has announced the return of the ESL Saudi Challenge for 2025, with two editions confirmed for May and December. For the latest updates, follow us @ArabNewsSport The expansion is part of EFG's long-term commitment to Saudi Arabia's gaming ecosystem and supports the Kingdom's Vision 2030 and its National Gaming and Esports Strategy. Kicking off the 2025 season, the first round of open qualifiers will take place on April 24-26, followed by a second round scheduled for May 1-3. The competition will then advance to the playoffs on May 7-8 and 14-15, culminating in a live grand final at VOV Gaming on May 30. The ESL Saudi Challenge is a platform for emerging local talent to shine on the world stage, linking Saudi players with international opportunities and audiences. 'What's happening in the Kingdom today sets the tone for the future of global e-sports.' said Franck Guignery, senior vice president for the MENA region at EFG. 'We're witnessing a generation of players with world-class potential. The ESL Saudi Challenge is more than a tournament, it's a launchpad — a gateway that connects Saudi talent to the global esports arena. For the industry, this isn't just an opportunity — it's a turning point.' Each 2025 edition of the tournament will spotlight Overwatch 2 as its flagship title, with a $20,000 prize pool and offering winners a direct path to global competitions. This year's grand finals will culminate in a live showdown, bringing the region's top talent to the big stage.
