DOCSLIB.ORG

Leonteq Ag | Presentation 

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text

Load more

INVESTOR PRESENTATION | SEPTEMBER 2019 INVESTORA 2019 LEONTEQ AG | PRESENTATION INVESTOR PRESENTATION LEGAL DISCLAIMER SEPTEMBER 2019 This presentation of Leonteq AG (the “Company”) serves for information purposes only and does not constitute research. This presentation and all materials, docu- ments and information used therein or distributed in the context of this presentation do not constitute or form part of and should not be construed as, an offer (pu- blic or private) to sell or a solicitation of offers (public or private) to purchase or subscribe for shares or other securities of the Company or any of its affiliates or subsidiaries in any jurisdiction or an inducement to enter into investment activity in any jurisdiction, and may not be used for such purposes. Copies of this presen- tation may not be made available (directly or indirectly) to any person in relation to whom the making available of the presentation is restricted or prohibited by law or sent to countries, or distributed in or from countries, to, in or from which this is restricted or prohibited by law This presentation may contain specific forward-looking statements, e.g. statements including terms like “believe“, “assume“, “expect“, “forecast“, “project“, “may“, “could“, “might“, “will“ or similar expressions. Such forward-looking statements are subject to known and unknown risks, uncertainties and other factors which may result in a substantial divergence between the actual results, financial situation, development or performance of the Company or any of its affiliates or subsidiaries and those explicitly or implicitly presumed in these statements. These factors include, but are not limited to: (1) general market, macroeconomic, governmental and regulatory trends, (2) movements in securities markets, exchange rates and interest rates and (3) other risks and uncertainties inherent in our business. Against the background of these uncertainties, you should not rely on forward-looking statements. Neither the Company nor any of its affiliates or subsidiaries or their respecti- ve bodies, executives, employees and advisers assume any responsibility to prepare or disseminate any supplement, amendment, update or revision to any of the information, opinions or forward-looking statements contained in this presentation or to adapt them to any change in events, conditions or circumstances, except as required by applicable law or regulation. All figures in this presentation that are part of the consolidated IFRS financial statements for the six months ended 30 June 2019 and 2018 are reviewed. All figures in this presentation that are part of the consolidated IFRS financial statements for the twelve months ended 31 December 2018, 2017, 2016 and 2015 are audited. By attending this presentation or by accepting any copy of the material presented, you agree to accept the terms set out above and to be bound by the foregoing limitations. © Leonteq AG 2019. All rights reserved. 2 INVESTOR PRESENTATION SEPTEMBER 2019 AGENDA • OUR BUSINESS • OUR STRATEGY • OUR PERFORMANCE • SUMMARY 3 INVESTOR PRESENTATION SEPTEMBER 2019 OUR BUSINESS 4 INVESTOR PRESENTATION SEPTEMBER 2019 OUR BUSINESS EXPERTS IN STRUCTURED PRODUCTS AND SAVINGS SOLUTIONS * PEOPLE TWO DISTINCT BUSINESS LINES ~500 EMPLOYEES FROM >50 NATIONS 11% * • Founded in 2007 INSURANCE & WEALTH • IPO in 2012 PLANNING SOLUTIONS • Market cap of around CHF 0.6 billion 11 OFFICES 89%* IN 10 COUNTRIES ACROSS EMEA & APAC INVESTMENT SOLUTIONS CLIENTS AND PARTNERS COMPETITIVE MARKET POSITION BROAD AND DIVERSIFIED CLIENT BASE OF MORE THAN ONE OF THE LEADING STRUCTURED PRODUCT PROVIDERS 1,000 CLIENTS IN MORE THAN 50 COUNTRIES AND WITH MORE THAN CHF 13 BILLION OUTSTANDING VOLUMES 11 RENOWNED BANKING AND INSURANCE PARTNERS CAPITAL INVESTMENT GRADE RATING TOTAL BIS ELIGIBLE CAPITAL OF CHF 633.5 MILLION AND INVESTMENT GRADE RATING ASSIGNED BY FITCH (BBB-/POSITIVE) COMMON EQUITY TIER 1 RATIO OF 21.2% AND TOTAL BIS AND JCR (BBB+/STABLE) CAPITAL RATIO OF 21.3% *of total net fee income 5 INVESTOR PRESENTATION SEPTEMBER 2019 BUSINESS LINE 1 | INVESTMENT SOLUTIONS CONNECTING BUYERS AND SELLERS OF STRUCTURED PRODUCTS Award winning • One of the largest universe services for clients of structured products • More than 2,000 underlyings Issuance Partners Large structured and 90 payoffs Aargauische Kantonalbank, Cornèr • >28,000 new issuances and product universe • Multi-issuer >81,000 secondary market Bank, Crédit Agricole CIB, Deutsche platform with transactions each year Bank, EFG International, J.P. Morgan, 10 different PostFinance (pilot project); Raiffeisen issuing entities Switzerland, Standard Chartered Bank • More than 100,000 product documenta- tion generated each • Integrated solutions Leonteq’s platform day front-to-back is an active • Automated life-cycle • Servicing the entire market place for the management entire value chain of buy- and sell-side • Pre-trade client structured products suitability checks • White-labelling and service provider for banks • Integrated IT platform built from ground up Proprietary tools • 70 different tools and applications and technology developed in-house • 2bn product computations in 2 minutes • Complex structures are customised Integrated solutions in real-time for partners 6 INVESTOR PRESENTATION SEPTEMBER 2019 PRODUCT RANGE LARGE UNIVERSE OF PAYOFFS AND ASSET CLASSES PRODUCT CATEGORIES ASSET CLASSES Leverage Return Fixed Commodi- Participa- income ties tion Yield Enhance- ment Equities Capital Protec- tion FX Hybrid Risk • Yield enhancement is currently the most demanded • In Switzerland, most prominent asset classes are equity product category in the Swiss market, followed by and foreign exchange leverage products • At Leonteq, equity is by far the most requested asset class • Leonteq’s client predominantly buy yield enhancement products 7 INVESTOR PRESENTATION SEPTEMBER 2019 BUSINESS LINE 2 | INSURANCE & WEALTH PLANNING SOLUTIONS DIGITAL PLATFORM TO LIFE INSURERS INSURANCE PLATFORM • Enable life insurers to offer attractive and transparent long-term savings and drawdown solutions with both, upside potential Our and downside protection offering STRUCTURED PENSION PRODUCTS • Provide structured solutions with downside protection for life insurers and insurance brokers Leonteq platform Insurance Partner Distribution Policy holders Policy life-cycle management Policy investment Partner sales force Our operating administration model Contingent lifecycle & hedging Participation Independent brokers platform 8 INVESTOR PRESENTATION SEPTEMBER 2019 INSURANCE PRODUCTS 4 PRODUCTS IN THE SWISS MARKET GUARANTEE PLAN DRAWDOWN PLAN • Savings plan for recurring premiums • One-time financed drawdown plan with upside potential and guarantee with guaranteed payments at maturity • Guarantee provider Raiffeisen Bank • Guarantee provider Raiffeisen Bank Switzerland Switzerland Guarantee at maturity Capital Single Upside on financial markets payout premium DRAWDOWN PLAN PAYMENT PLAN • One-time financed drawdown plan • Drawdown plan for recurring premi- with guaranteed payments ums and guaranteed payments • Guarantee provider Bank Cler • Guarantee provider Raiffeisen Bank Switzerland Guarantee at maturity Guarantee at maturity Single premium Asset accumulation over time 9 INVESTOR PRESENTATION SEPTEMBER 2019 OUR STRATEGY 10 INVESTOR PRESENTATION SEPTEMBER 2019 TRANSFORMATION OF BUSINESS MODEL LEADING MARKET PLACE FOR STRUCTURED INVESTMENT SOLUTIONS PHASE 1 • Differentiate Leonteq through enhanced client services Client focus • Propositions centred around transparency on product documentation, service throughout the lifecycle, liquidity in the and service offering secondary market, security through the innovation of COSI® products and sustainability • Introduction of white-labelling partner model • Take advantage of major technology advancements in the world PHASE 2 • Partner model Platform scalability with automation enabling rapid computation (2bn product combinations and scalability of in 2 minutes) technology platform • Offer state-of-the-art tools and services • Position Leonteq as platform business and as a white-labelling service provider • Leverage of Leonteq’s established client, partner and hedging franchise PHASE 3 • Build truly scalable and leading structured products platform with limited Become a globally balance sheet consumption renowned platform • Project SHIP of high strategic importance; achieve scalability of capital through external hedging providers 2007 – 2011 2012 – 2017 2018 et seq. 11 INVESTOR PRESENTATION SEPTEMBER 2019 STRATEGIC PRIORITIES FOCUSED EXECUTION SINCE MID-2018 PRIORITIES DEFINED UPDATES & ACHIEVEMENTS • Simplified organisational structure Reduce Increase efficiency, reduce functional • 1 complexity overlaps and clarify roles and responsibilities Product organisation implemented resulting in a more agile and systematic approach to project management • Third hedging counterparty connected to the platform Enable Initiate Smart Hedging Issuance Platform • On average 20% of all relevant transactions are externally quoted 2 scalability (SHIP) to reduce hedging exposure daily • Project on track to be fully operational by mid-2020 • New digital marketplace initiative launched Take targeted steps to grow business • Improved AMC Gateway for asset managers 3 Invest through additional investments in innovation in growth and technology • Advanced late stage discussions with potential new issuance partners Strengthen capital base to facilitate and • Shareholders equity increased by CHF 196.1
Recommended publications
  • Retirement Strategy Fund 2060 Description Plan 3S DCP & JRA

    Retirement Strategy Fund 2060 Description Plan 3S DCP & JRA

    Retirement Strategy Fund 2060 June 30, 2020 Note: Numbers may not always add up due to rounding. % Invested For Each Plan Description Plan 3s DCP & JRA ACTIVIA PROPERTIES INC REIT 0.0137% 0.0137% AEON REIT INVESTMENT CORP REIT 0.0195% 0.0195% ALEXANDER + BALDWIN INC REIT 0.0118% 0.0118% ALEXANDRIA REAL ESTATE EQUIT REIT USD.01 0.0585% 0.0585% ALLIANCEBERNSTEIN GOVT STIF SSC FUND 64BA AGIS 587 0.0329% 0.0329% ALLIED PROPERTIES REAL ESTAT REIT 0.0219% 0.0219% AMERICAN CAMPUS COMMUNITIES REIT USD.01 0.0277% 0.0277% AMERICAN HOMES 4 RENT A REIT USD.01 0.0396% 0.0396% AMERICOLD REALTY TRUST REIT USD.01 0.0427% 0.0427% ARMADA HOFFLER PROPERTIES IN REIT USD.01 0.0124% 0.0124% AROUNDTOWN SA COMMON STOCK EUR.01 0.0248% 0.0248% ASSURA PLC REIT GBP.1 0.0319% 0.0319% AUSTRALIAN DOLLAR 0.0061% 0.0061% AZRIELI GROUP LTD COMMON STOCK ILS.1 0.0101% 0.0101% BLUEROCK RESIDENTIAL GROWTH REIT USD.01 0.0102% 0.0102% BOSTON PROPERTIES INC REIT USD.01 0.0580% 0.0580% BRAZILIAN REAL 0.0000% 0.0000% BRIXMOR PROPERTY GROUP INC REIT USD.01 0.0418% 0.0418% CA IMMOBILIEN ANLAGEN AG COMMON STOCK 0.0191% 0.0191% CAMDEN PROPERTY TRUST REIT USD.01 0.0394% 0.0394% CANADIAN DOLLAR 0.0005% 0.0005% CAPITALAND COMMERCIAL TRUST REIT 0.0228% 0.0228% CIFI HOLDINGS GROUP CO LTD COMMON STOCK HKD.1 0.0105% 0.0105% CITY DEVELOPMENTS LTD COMMON STOCK 0.0129% 0.0129% CK ASSET HOLDINGS LTD COMMON STOCK HKD1.0 0.0378% 0.0378% COMFORIA RESIDENTIAL REIT IN REIT 0.0328% 0.0328% COUSINS PROPERTIES INC REIT USD1.0 0.0403% 0.0403% CUBESMART REIT USD.01 0.0359% 0.0359% DAIWA OFFICE INVESTMENT
  • EFG International Continues Its Development in Asia

    EFG International Continues Its Development in Asia

    EFG International continues its development in Asia Zurich, 21 January 2009 – EFG International completes move to new premises in Hong Kong and launches Chinese name EFG International’s business in Hong Kong, EFG Bank, has completed its relocation to new premises located on the 18th Floor of the International Commerce Centre, 1 Austin Road West, Kowloon. This move provides the necessary space to accommodate the enlarged business, along with sufficient capacity for anticipated dynamic expansion over the next few years. EFG International’s Asian business in general - and Hong Kong business in particular – continues to grow rapidly. In the first six months of 2008, the Asian business saw clients’ Assets under Management grow by over 20%. In relation to recruitment of Client Relationship Officers (CROs), 2008 was a record year. In Hong Kong, the number of CROs increased by close to 40%, drawn from a wide range of organisations including UBS, Citi, ABN AMRO, HSBC, DBS and Fortis. Furthermore, the CRO pipeline is extremely strong, which bodes well for the current year. In another development, EFG Bank is in the process of introducing its new Chinese name to the region, 瑞士盈豐銀行. In addition to Hong Kong, EFG International’s Asian business now operates in Singapore, Bangkok, Jakarta, Manila and Taipei. Contacts - EFG International Media Relations Investor Relations +41 44 212 7387 +41 44 212 7377 [email protected] [email protected] About EFG International EFG International is a global private banking group offering private banking and asset management services, headquartered in Zurich. EFG International's group of private banking businesses currently operate in 55 locations in over 30 countries, with circa 2,175 employees.
  • EFG International (Guernsey) Limited USD 400,000,000 5.000 Per Cent

    EFG International (Guernsey) Limited USD 400,000,000 5.000 Per Cent

    EFG International (Guernsey) Limited (incorporated with limited liability in Guernsey, Channel Islands) USD 400,000,000 5.000 per cent. Tier 2 Resettable Subordinated Notes due 2027 irrevocably and unconditionally guaranteed on a subordinated basis by EFG International AG (incorporated with limited liability in Switzerland) The USD 400,000,000 5.000 per cent. Tier 2 Resettable Subordinated Notes due 2027 (the " Notes ") will be issued by EFG International (Guernsey) Limited (the " Issuer ") on 5 April 2017 (the " Issue Date ") and will be unconditionally and irrevocably guaranteed on a subordinated basis (the " Subordinated Guarantee "), as described herein, by EFG International AG (the " Guarantor "). The Notes will, unless previously redeemed, repurchased and cancelled, or writ- ten-off, bear interest from (and including) the Issue Date to (but excluding) 5 April 2022 (the " Reset Date ") at a rate of 5.000 per cent. per annum, payable semi-annually in arrear on 5 April and 5 October in each year, subject to adjust- ment for non-business days. From the Reset Date, the Notes will, unless previously redeemed, repurchased and cancelled, or written-off, bear interest from (and including) the Reset Date to (but excluding) 5 April 2027 (the " Maturity Date ") at a rate per annum which shall be equal to the aggregate of the Benchmark Rate (as defined in the Terms and Conditions of the Notes (the " Conditions ")) as at the Reset Date and a margin of 2.978 per cent. per annum (the " Margin ") payable semi- annually in arrear. The Issuer may, at its option, subject to having received the consent of the Swiss Financial Market Supervisory Au- thority (" FINMA "), redeem all, but not some only, of the Notes on the Reset Date at their principal amount together with accrued and unpaid interest to the date of redemption.
  • Annual Report 2017

    Annual Report 2017

    Annual Report 2017 EFG International is a global private banking group offering private banking and asset management services and is headquartered in Zurich. Its registered shares (EFGN) are listed on the SIX Swiss Exchange. In 2017, EFG International completed the integration of BSI, a Lugano-based bank with a long-standing tradition of Swiss private banking and a broad international network. EFG International’s largest shareholders are EFG Bank European Financial Group (43.8% stake) and BTG Pactual (27.8%). As a leading Swiss private bank, EFG International has a presence in major financial centres and growth markets. It has strong roots in Switzerland, with Zurich, Geneva and Lugano serving as key hubs for the governance and operation of the bank. EFG International operates in around 40 locations worldwide, with a network spanning Europe, Asia Pacific, the Americas and the Middle East. EFG International is a financial partner that offers security and solidity. An entrepreneurial spirit has shaped the bank since it was established in 1995, enabling it to develop hands-on solutions and to build long-lasting client relationships. EFG International EFG International Performance Evolution Financial Highlights AUM and AUA in CHF millions 31 December 2017 in CHF billions Income 153.6 154.3 IFRS net profit/(loss) attributable to equity holders (59.8) AUA AUA IFRS net profit/(loss) attributable to ordinary AUM AUM shareholders (61.8) 144.5 142.0 Underlying recurring net profit* 165.0 Operating income 1,142.7 93.5 93.7 Cost/income ratio 92.2
  • 2019-22 Strategic Plan 13 March 2019 Zurich

    2019-22 Strategic Plan 13 March 2019 Zurich

    EFG International 2019-22 Strategic Plan 13 March 2019 Zurich Investor Update 2019 13 March 2019 Page 1 EFG International Important Legal 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 presentation 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. Nothing contained herein is, or shall be relied on as, a promise or representation concerning the future performance of EFG and its subsidiaries.
  • Business News No

    Business News No

    Talacker 41, 8001 Zurich, Switzerland, Phone: +41 43 443 72 00, Fax: +41 43 497 22 70, [email protected], www.amcham.ch, October 2020 / No. 400 Last quarter of a very special year: What is ahead? The latest events (more pictures on pages 4/5) Dear members and friends 2020 started with a boom and had a strongly positive outlook. 20/20 vision is the perfect vision, after all! But as we all know, the year turned out differently. The Swiss-American business relationship had a roaring start. After Q4, 2019, the first quarter of 2020 again saw the US market #1 for Swiss exports, ahead of the German market! Exports to the US grew CHF 974 mio, four times the growth to the EU, while exports to the BRIC countries posted a negative growth of CHF 470 mio. Again, the exports to the USA proved to be the locomotive of the Swiss export industry. As we all know, Q2 Lugano, Annual Dinner, September 17: Franco Polloni Zurich, September 29: J. Erik Fyrwald, saw exports to the US crashing down 22% (EFG Bank / former Ticino Chapter Board Chairman), CEO, Syngenta Group and Board due to the Covid crisis in general and logistics Silvio Napoli (Schindler Holding / Swiss Amcham Member Swiss Amcham [MS] problems as a specific issue. But in the last Chairman), Demis Stucki (EFG Bank / Ticino Chapter months, progress came much faster than Board Chairman) expected and in August, the US market was again the top export market for Switzerland. The Swiss-US Business relationship has everything to flourish in the future.
  • Individual Banking Package and Single Products Services and Prices for Private Clients, Valid from 1 September 2021

    Individual Banking Package and Single Products Services and Prices for Private Clients, Valid from 1 September 2021

    Individual banking package and single products Services and prices for private clients, valid from 1 September 2021 Contents Banking package UBS me 4 UBS Digital Banking UBS E-Banking/UBS Mobile Banking App 6 UBS Access App 6 UBS TWINT 7 UBS Safe 7 Accounts for payment UBS Personal Account 8 UBS Personal Account EUR 8 UBS Current Account for Private Clients 9 Accounts for investing/saving UBS Investment Fund Account 10 UBS Savings Account for Young People 11 UBS Savings Account 11 Accounts for retirement planning UBS Fisca Account (Restricted 3a) 12 UBS Vested Benefts Account 12 Bonus program UBS KeyClub 13 Card and cash services UBS Debit Cards 14 UBS Credit/Prepaid Cards 16 Order and delivery service for foreign currencies 17 Payment services Outgoing payments 18 Incoming payments 18 Other costs and prices 19 Ordering forms 19 Other services Check transactions 20 Other charges 21 ubs.com/accounts-prices 3 UBS me – the individual banking package When opening a UBS me banking package, you state your personal needs. On the basis of your details, we will confgure the right banking package with basic products (accounts and cards) for you. You then have the option of individualizing your UBS me banking package, by opting in or out of certain products or services. You can, for example, select a module for cash withdrawals and add in additional products and services for payments, investing and savings. By all means available for Young people1 Young Individuals Families and Cross-border and students2 professionals3 couples4 commuters5 12 to 30 years1, 2 22 to 32 years3 From age 24 From age 20 From age 18 UBS Personal Account CHF CHF CHF Several, CHF EUR, CHF UBS Savings Account for Young Several, CHF – – – – People UBS Savings Account – Several, CHF Several, CHF Several, CHF Several, EUR UBS Debit Card6 Several UBS Prepaid Card6 CHF CHF CHF CHF EUR and/or UBS Credit Cards6 (Classic/Standard, CHF CHF CHF CHF (incl.
  • (RCAP) Assessment of Basel III LCR Regulations – Switzerland

    (RCAP) Assessment of Basel III LCR Regulations – Switzerland

    Basel Committee on Banking Supervision Regulatory Consistency Assessment Programme (RCAP) Assessment of Basel III LCR regulations – Switzerland October 2017 This publication is available on the BIS website (www.bis.org). © Bank for International Settlements 2017. All rights reserved. Brief excerpts may be reproduced or translated provided the source is stated. ISBN 978-92-9259-107-6 (online) Contents Preface ................................................................................................................................................................................................ 2 Executive summary ........................................................................................................................................................................... 4 Response from FINMA .................................................................................................................................................................... 5 1 Assessment context and main findings ........................................................................................................................... 6 1.1 Context ................................................................................................................................................................................ 6 1.2 Structure, enforceability and binding nature of prudential regulations ................................................... 6 1.3 Scope of the assessment ............................................................................................................................................
  • Rapport De Gestion Postfinance SA

    Rapport De Gestion Postfinance SA

    Bien gérer son argent au quotidien Rapport de gestion 2018 PostFinance SA Rapport de gestion 2018 Profil de l’entreprise Portrait PostFinance fait partie des principaux établissements financiers grand public de Suisse. Numéro un du trafic des paiements, elle veille quotidiennement à la fluidité parfaite des mouvements monétaires. Grâce à des offres simples et claires, nous nous positionnons comme un partenaire idéal pour tous ceux qui gèrent eux-mêmes leurs finances, partout et à toute heure. Notre marque forte fait de nous un attrayant prestataire de services financiers, tout en étant pour les clients un gage de confiance, d’orientation et de sécurité. Notre clientèle Notre offre Particuliers, petites et moyennes entreprises, Dans le secteur «Retail», nous proposons à nos grandes sociétés, collectivités de droit public ou clients des solutions numériques simples, conçues associations: nous traitons tous nos clients d’égal pour leur permettre de gérer encore plus facile- à égal et sommes un partenaire fiable et com- ment leur argent. Nos clients commerciaux im- pétent. Appréciant la simplicité des relations que portants sont regroupés au sein du secteur «Cor- nous instaurons, ils profitent d’une offre convi- porates». Ils bénéficient de solutions individuelles viale, à des conditions raisonnables, ainsi que de pour le traitement de masse du trafic des paie- nombreux points de contact. ments ainsi que de services et de conseils en matière d’achats, de logistique et de vente pour une optimisation de leurs processus et une meil- leure gestion
  • Postfinance and Swissquote Enter Into Joint Venture

    Postfinance and Swissquote Enter Into Joint Venture

    Media information Gland/Zurich, 11 November 2020 Digital banking PostFinance and Swissquote enter into joint venture Swissquote and PostFinance are the leading providers of online financial services in Switzerland. They have collaborated successfully on online trading for several years. They are now set to extend their partnership: the two companies plan to launch a joint digital banking app and have signed a letter of intent. At the beginning of September 2020, PostFinance announced its intention to accelerate digital transformation in the new “SpeedUp” strategy period. Its plans include the launch of a radical, new service for “Banking & Beyond” geared entirely to the digital world over the course of the coming year. Digital banking is a key element of Swissquote’s strategy. In line with the bank’s innovative drive, the launch of this app is the next logical step to develop its wide range of services. Work on the app has been under way for some time. It will now be further refined as part of this joint venture. Both partners see major benefits in such a collaboration. The transaction still has to go through the usual official approval process. Further details will be released when a concrete range of services is ready to be launched on the market. This is scheduled for the first half of 2021. Contact Johannes Möri, PostFinance Media Spokesperson, +41 79 354 08 39, [email protected] Nadja Keller, Swissquote, Assistant to CEO / Media Relations Manager, +41 44 825 88 01, [email protected] PostFinance With over 2.7 million customers and 120 billion francs in customer assets, PostFinance is one of Switzerland’s leading financial institutions.
  • Annual General Meeting 2014

    Annual General Meeting 2014

    Annual General Meeting 2014 John Williamson, CEO Zurich, 25 April 2014 Practitioners of the craft of private banking 1 Disclaimer This presentation has been prepared by EFG International AG 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 or purchase or redemption of any securities regarding EFG International AG. This presentation contains specific forward-looking statements, e.g. statements which include terms like "believe", "assume", "expect" or similar expressions. Such forward-looking statements represent EFG International AG’s judgements and expectations and are subject to known and unknown risks, uncertainties and other factors which 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) general market, macroeconomic, governmental and regulatory trends, (2) movements in securities markets, exchange rates and interest rates, (3) competitive pressures, (4) no additional cost will be incurred in connection with the businesses closed or exited further to the business review announced on 18 October 2011, and (5) other risks and uncertainties inherent in our business. EFG International AG 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. 2 Performance impacted by industry-wide pressures Market conditions • Economic and market conditions still fragile.
  • EFG International Enters Into an Agreement to Transfer Its Ticino-Based Retail Business to Bancastato

    EFG International Enters Into an Agreement to Transfer Its Ticino-Based Retail Business to Bancastato

    EFG International AG Phone +41 44 226 18 50 Bleicherweg 8 Fax +41 44 226 18 55 8001 Zurich efginternational.com Switzerland Media Release EFG International enters into an agreement to transfer its Ticino-based retail business to BancaStato Zurich / Lugano, 30 September 2020 EFG International is today announcing that it has agreed to transfer its Ticino-based retail business lines, with around CHF 1.2 billion of client assets, to Banca dello Stato del Cantone Ticino (BancaStato). The two parties are also committed to exploring further areas of collaboration in Ticino in the future. The transfer of EFG’s Ticino-based retail business, including individual clients and corporate clients who do not make use of its private banking offering, will enable EFG in Switzerland to focus on its core private banking business, in line with its 2022 strategic plan. The parties have agreed not to disclose the details of the transaction, which is expected to close in the first quarter of 2021. No redundancies are planned in connection with this transaction. Giorgio Pradelli, CEO of EFG International: “The transfer of our Ticino-based retail business to BancaStato will enable us to focus our full attention on our core private banking business in the region. We are convinced that BancaStato is the ideal future owner for our regional retail business – also from the perspective of the Ticino financial centre. BancaStato is a strong local partner with extensive expertise in the field of personal and corporate banking and a broad product and service offering. This transaction underscores our commitment to drive profitability and improve our operational efficiency, as previously announced.” Franco Polloni, Head of Switzerland & Italy Region: “I am very pleased that we have reached this agreement with BancaStato.