Best Private Bank Boutique
EFG Bank AG
Best Private Bank – Boutique
Albert Chiu
executive chairman, Asia Pacific
“We are very thankful for this recognition. Winning this award is a testament to our deep commitment to our clients’ needs and to delivering personalised solutions that help them achieve their financial goals.
“Our client relationship officer (CRO) model is one of EFG’s unique strengths, enabling truly client-centric advice, customised services, and innovative solutions that allow our CROs to pursue an entrepreneurial approach. In Singapore and Hong Kong, competition for experienced bankers is intense, but we are proud of our track record in hiring top industry talent.
“As a leading Swiss private bank with an entrepreneurial spirit, EFG remains committed to always placing its clients first, offering them truly independent and impartial advice when managing their wealth.”
What was behind the judges’ decision?
- EFG’s innovative CRO model allows CROs to run their businesses with a transparent compensation structure and long-term client continuity. This approach strengthens client relationships and ensures that CROs have the freedom to build their teams, with rewards directly linked to their performance. The model has attracted top-tier talent, including industry veterans, who have significantly contributed to EFG’s growth.
- EFG’s performance over the past year highlights its robust financial strategy. With strong net asset inflows and a recent upgrade to an Aa3 credit rating by Moody’s, EFG has demonstrated its financial resilience. This growth has been driven by its focus on high-potential regions like Greater China, NRI, and IAM, which are key to EFG’s expansion in Asia.
- EFG has focused on growth by expanding its team and operations in key markets like Hong Kong and Singapore. The bank’s commitment to talent acquisition, including hiring top talents, demonstrates its ability to scale successfully and solidify its position in Asia’s competitive wealth management space. The bank’s commitment to nurturing talent extends beyond wealth management, focusing on the next generation.
What we said…
“EFG has distinguished itself as a premier boutique private bank by delivering exceptional growth, strategic hiring, and an entrepreneurial client relationship model,” said Audrey Raj, senior consultant, South Asia editor of Asian Private Banker. “Over the past year, the bank has achieved record profitability, driven by robust commission revenue growth and substantial net new asset inflows, particularly from Greater China, non-resident Indian (NRI), and independent asset manager (IAM) segments. EFG continues to build scale and reinforce client trust.
“A hallmark of EFG’s success is its unique client relationship officer (CRO) model, which provides CROs with autonomy over their businesses while ensuring long-term client continuity. The bank’s ability to attract top-tier CROs with significant books of business underscores its competitive advantage. EFG has expanded its presence in Hong Kong and Singapore.
“Moody’s recent rating upgrade to Aa3 reflects EFG’s strong financial standing, capitalisation, and liquidity. What’s more, EFG’s support for young athletes and musicians shows its dedication to fostering talent and making a positive contribution to the community, going beyond just its financial services. Congratulations to the team on winning the Best Private Bank – Boutique – a recognition that is truly well deserved.”
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