EFG International will be an active recruiter in 2023, according to board member Boris Collardi, with a focus in Asia on China and Southeast Asia.
EFG International has hired about 30 bankers in Asia this year, in line with the Swiss private bank’s strategy to expand in the region, especially in China and Southeast Asia, according to board member Boris Collardi in a «Bloomberg» report.
«We are hiring very actively,» said Collardi, who advises EFG on its growth strategy in Asia, which may include acquisitions.
Globally, EFG is aiming to add about 100 private bankers in 2023.
Expansion Drive
According to Collardi, he is seeing the private banking industry «looking for opportunities» following the UBS takeover of Credit Suisse and expects consolidation in the market to eventually resume.
EFG joins a number of other private banks with fresh hiring ambitions in Asia’s limited talent pool.
HSBC is seeking to add about 30 private bankers to service the ultra-rich in India as part of an upcoming reentry into the onshore market. And this week, Bank of Singapore announced plans to hire around 100 private bankers by 2025 as part of new growth plans.
