Swiss global private bank EFG International opens new Swiss offices.

EFG International has opened two new offices in Gstaad and St Moritz, as part of its plan to expand client coverage and strengthen its position in its Swiss home market.

This month, EFG has appointed Manuel Blanco as head of private banking Gstaad and Greater Berne Area and Stephan Uebersax as head of private banking St Moritz and Engan. Both local business heads report to Franco Polloni, head of Switzerland and Italy, the firm said in a statement.

“The expansion of our presence in our Swiss home market will enable us to further enhance client coverage in this attractive region and to continue our growth path in our Swiss home market," Polloni said.

In Gstaad and St Moritz, EFG said it aims to serve global high net worth and ultra-HNW clients domiciled either in Switzerland or in countries where EFG operates.

In the Gstaad office, Blanco leads a team of 11 professionals. He joined EFG from Credit Suisse, where he was head of market area PB Gstaad International and Upper HNWI Berne. Prior to that, he was at UBS, where he held management functions in global wealth management in Switzerland and abroad. Blanco, who began his career at Credit Suisse in 1993, is the co-founder and chairman of the sustainability initiative Impact Gstaad AG, the firm added.

Uebersax joined EFG from Credit Suisse, where he served as local head Engadin and market head Graubünden Süd from 2017. He spent his career in senior and management positions at Credit Suisse, which he joined in 1993.

Last October, the firm also announced the appointment of Tobias Wehrli as the new CEO of EFG Bank von Ernst AG (Liechtenstein). See more here.