EFG Bank formally launches representative office in Manila

16 May 2008

Zurich, 16 May 2008 – EFG Bank announces the official opening of its representative office in Manila

In the first half of 2007, EFG Bank, a subsidiary of EFG International, gained regulatory approval to open a representative office in Manila, the Philippines, and commenced trading later in the year. The office is overseen by Albert Chiu, Deputy Chief Executive Officer of the Asian operations of EFG International.

The office will be officially opened on 19 May, with an event to be held at Makati Shangri-La, Manila. This will be attended by Jean Pierre Cuoni, Chairman, EFG International; other senior group executives; clients and members of the business community.

The Manila representative office demonstrates EFG International’s commitment to the Philippines market, and forms part of ambitious plans for the region. The Asian business as a whole has grown rapidly in recent years. During 2007, income grew by over 50% and CROs increased by more than a third. Clients in Asia enjoy access to
the full EFG Bank offering, as well as to a range of services provided by the wider EFG International group.

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