EFG’s Pradelli looks beyond Europe’s ‘old money’.

EFG International, a Swiss private bank, has successfully turned around its performance and reputation after a period of restructuring following the 2008 financial crisis. The bank has attracted talent from other banks and has seen positive growth in assets under management. While EFG is open to acquisitions, it is cautious in finding the right targets. The CEO, Giorgio Pradelli, discusses the complexities and risks associated with mergers and acquisitions in the banking industry, emphasizing the importance of credit risk management and conservative lending practices. EFG also focuses on serving entrepreneurs and has a strong international presence in regions such as Latin America, the Middle East, and Asia. [Extracted from the article]