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EXCLUSIVE: EFG Private Bank Appoints New Director

Wendy Spires

11 October 2011

EFG Private Bank has appointed former vice president at Credit Suisse Esther Gardyn as director of private banking in London, WealthBriefing can exclusively reveal.

Gardyn had been with the Swiss banking giant’s UK team for seven years, specialising in entrepreneurial clients. Before this she was a director at Henderson, spending 16 years with the asset management firm.

Big changes occurred at EFG at a group level this summer, as previously reported by this publication. John Williamson, previously the chief executive of EFG Private Bank (the UK and Channel Islands subsidiary), replaced Lonnie Howell as CEO of EFG International. Howell, however, remains a substantial shareholder and is to be proposed as a member of the board of directors and become chairman of EFG Financial Products.

Howell co-founded EFG in 1995, along with Jean Pierre Cuoni, and since then the firm has grown to have SFr85 billion ($100.7 billion) in assets under management, as at the end of last year.