2023-05-11 15:52:00
The shooting window is still open for a month. This is the time left to hire Credit Suisse employees, explains Alexander Classen, president of EFG Private Bank, in his first interview since taking office last November. The Zurich private bank, which manages regarding 150 billion francs, recruited 50 wealth managers during the first quarter, including 30 to 40% from Credit Suisse. “And others will come,” predicts the Geneva-born, who led HSBC Private Bank in Switzerland between 2018 and 2022. His arrival at EFG coincides with the launch of a new three-year strategic plan, which aims in particular 4 to 6% annual growth in assets and an improvement in the cost/income ratio to 69%, compared to 75% currently.
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