EFG International announces JV with Lebanese bank

13 March 2008

EFG International’s London-based subsidiary, EFG Private Bank Limited, has agreed to establish a private banking joint venture with Lebanese Canadian Bank, a top ten Lebanese bank. EFG Private Bank will own 51%, Lebanese Canadian Bank the
remainder.

The joint venture will be called LCB Capital Management Limited, and will be based in London at the premises of EFG Private Bank. It is set to be operational immediately, and will be managed by Camil Ghantous, who joined EFG last year, having formerly been at Bank Hofmann.

This collaboration reflects Lebanese Canadian Bank’s desire to offer private banking services to its clients, with a particular emphasis on the Lebanese diaspora. For EFG International, it will complement its established and growing business in the Middle East region, from a number of international locations (including London, Geneva, and
Zurich), as well as local representation in Dubai and Bahrain.

Clients will have access to the full range of EFG Private Bank’s capabilities, encompassing other businesses within EFG International as required.

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