– SWITZERLAND, ZURICH – EFG International AG (SWX: EFGN) today announced the nomination of Phil Lofts for election to its Board of Directors at the AGM on 21 April 2023, to succeed Susanne Brandenberger, who will not stand for re-election to the Board.
“We are very pleased to propose Philip Lofts for election as a new member of EFG’s Board of Directors and as the new Chair of the Risk Committee. Phil has vast expertise in the area of risk management and gained broad international experience in the financial industry in Europe, Asia and the US. I am convinced that he will be instrumental in further enhancing EFG’s risk framework and in driving and supporting EFG’s growth strategy. I very much looking forward to working with him,” said Board Chair, Alexander Classen.
Philip Lofts will also join the Risk Committee as Chair.
About Philip Lofts
Phil Lofts is a proven risk management expert and a recognized leader in the international banking industry with more than four decades of experience. He spent over 30 years at UBS Group in a variety of executive and management roles including being a member of the Group Executive Board from 2008 to 2015. He served as the Group CRO from 2008-2010 and 2012-2015 and as the CEO of UBS Americas in 2011. Before joining the Group Executive Board he held several senior risk management roles in the Investment Bank and at the Group and had gained international experience from working and living in Europe, Asia, and the US. Since 2017, he has served as a Non-Executive Director of UBS Group Americas, a position that he will be stepping down from on 31 March 2023.
About EFG International
EFG International is a global private banking group listed on the SIX Swiss Exchange, offering private banking and asset management services, and is headquartered in Zurich. As a leading Swiss private bank, EFG International has a presence in major financial centers and growth markets, operating in around 40 locations worldwide, with a network spanning Europe, Asia Pacific, the Americas, and the Middle East. As one of the best-capitalized Swiss private banks, EFG International is a financial partner that offers the security and solidity needed to provide clients with effective support. An entrepreneurial spirit has shaped the bank since its inception, enabling it to develop hands-on solutions and build long-lasting client relationships.
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