Kurt Schenk, the former head at Dresdner Private Bank in Singapore, has joined EFG as managing director in the Lion City. Mr Schenk brings with him a team of five from Dresdner. They are Sebastian Koh and Chris Lim, who are both client facing, and three assistants. Mr Schenk left Dresdner back in April and started his new position at EFG this week. EFG first opened its Singapore office in 2000 and now employs 180 people across Asia and has $8 billion in assets under management.