EFG International said that its assets under management rose 114 per cent in 2005 to SFr47.3 billion ($36.9 billion). The Zurich-based b...

EFG International said that its assets under management rose 114 per cent in 2005 to SFr47.3 billion ($36.9 billion). The Zurich-based bank, which last year listed on the Swiss Stock Exchange, also said it had increased its number of relationship managers by 68 per cent last year to 268. EFG said that excluding shares of EFG International, which do not form part of the current 25 per cent free float of the firm at the Swiss Exchange, total clients' assets under management amounted to approximately SFr43.6 billion. In addition, the total clients' assets under administration of EFG International's subsidiaries amounted to approximately SFr6.5 billion. The firm also said it was “currently closely evaluating several potential acquisition opportunities”. EFG International said it was in discussions with two of these acquisition opportunities before the initial public offering on October 7, 2005 and discussions with the other acquisition opportunities have been initiated following the IPO.