EFG International : to enhance its offering for Independent Asset Managers
06/11/2019 | 01:28am EST
EFG International AG
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EFG International to enhance its offering for Independent Asset Managers
Zurich, 11 June 2019
As part of its 2019-2022 strategic plan, EFG International is enhancing its global offering for Independent Asset Managers by expanding its services to include a comprehensive multi- custody platform. The new platform is being developed in partnership with AM-One AG, a subsidiary of Expersoft Systems AG, which is one of the leading providers of innovative software solutions for asset and wealth managers. The new offering will be launched on 01 September 2019. With this step, EFG aims to further strengthen its global coverage of the Independent Asset Manager segment.
The comprehensive multi-custody platform will include functionalities ranging from client relationship management to portfolio management and reporting, as well as compliance and risk management. As part of this new offering, Independent Asset Managers will benefit from an automated custodian data feed from all EFG booking centres as well as access to the bank's extensive Investment Solutions service and product offering.
To launch this new range of services for Independent Asset Managers, EFG is collaborating with AM- One AG, a subsidiary of Expersoft Systems AG, which is a global Fintech company headquartered in Zug, Switzerland. The partnership is expected to create significant value for EFG's Independent Asset Manager clients by offering them the advantages of an integrated services platform.
Giorgio Pradelli, CEO of EFG International: ''As announced at our investor update on 13 March 2019, the further strengthening of our global coverage of the Independent Asset Manager segment is one of our priorities. In our Swiss domestic market in particular, we intend to capture opportunities with a focus on mid-sized Independent Asset Managers. We are very pleased to collaborate with AM-One in order to introduce an integrated and tailor-made platform that will further complement our comprehensive service and product offering for our Independent Asset Management clients.''
Philipp Bisang, CEO of Expersoft Systems AG: ''We are proud that EFG International is counting on AM- One's expertise in intelligent technology solutions and integrated services for the asset manager community. We look forward to the launch of EFG's new platform, which addresses the need for efficiency and agility in today's market environment and will allow Independent Asset Managers to focus on their core business.''
About EFG's offering for Independent Asset Managers
EFG's offering for Independent Asset Managers encompasses a dedicated team of advisors in major financial centres (Switzerland, Luxembourg, Monaco, Miami, Singapore and Hong Kong), providing services for the overall management of Independent Asset Managers' accounts. They are supported by investment, credit, financial planning and corporate finance specialists. EFG was just recently named 'Best External Asset Management Firm servicing Family Offices and Private Banks -- SouthEast Asia' by Wealth Briefing Asia.
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 around 40 locations worldwide. Its registered shares (EFGN) are listed on the SIX Swiss Exchange.
EFG International AG, Bleicherweg 8, 8001 Zurich, Switzerland
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This release contains specific forward-looking statements that include terms like ''believe'', ''assume'', ''expect'', ''target'' or similar expressions. Such forward-looking statements represent EFG's judgments and expectations and are subject to known and unknown risks, uncertainties and other factors that may result in a substantial divergence between the actual results, the financial situation, and/or the development or performance of the company and those explicitly or implicitly presumed in these statements. These factors include, but are not limited to: (1) the ability to successfully realize the synergies expected from the integration of BSI SA (''BSI''), (2) general market, macroeconomic, governmental and regulatory trends, (3) movements in securities markets, exchange rates and interest rates, (4) competitive pressures, and (5) other risks and uncertainties inherent in the business of EFG and its subsidiaries, including BSI legacy risks. EFG is not under any obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law or regulation.
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