EFG INTERNATIONAL AG 
By EFG International appoints new
CEO for South East Asia
Zurich, 3 February 2012 - EFG International appoints a new CEO for Singapore and South East Asia.
EFG Bank, EFG International's business in Asia, has appointed
Kong Eng Huat to the position of Chief Executive Officer of
Singapore and South East Asia, with immediate effect. Based
in Singapore, he will also be a member of the management
committee of EFG Bank in Asia.
Kong Eng Huat is a highly experienced wealth management
practitioner and business leader. He was formerly Head of
Wealth Management, South and South East Asia at Merrill Lynch
International Bank, where he worked for over 20 years.
Kong Eng Huat replaces Kees Stoute, who has decided to step
down in order to return to Europe. EFG Bank would like to
thank Kees for all his hard work in developing the business
in recent years.
EFG Bank is committed to becoming a leader in Asian private
banking, and this appointment reflects ambitious plans to
expand its business in Singapore and across South East Asia.
It has over 150 Client Relationship Officers in Asia, and has
consistently delivered strong annual double-digit net new
asset growth.
Albert Chiu, Chief Executive Officer, EFG Bank Asia:
- "We have ambitious plans to continue to grow our business
in Asia. Kong Eng Huat brings extensive experience of Asian
wealth management and has good connections throughout the
region. He is a proven business leader, well equipped to take
our Singapore and South East Asia business to the next stage
of its development."
Kong Eng Huat, Chief Executive Officer, EFG Bank, Singapore
and South East Asia:
- "I am excited by this new role. EFG Bank has achieved a
great deal in Asia since its inception in 2000, and its
ambitious plans and strong entrepreneurial credentials were a
major attraction. I am looking forward to working with my new
colleagues and contributing strongly to the future
development of EFG Bank in Asia."
EFG International AG, Bahnhofstrasse 12, 8001 Zürich,
Switzerland. Tel: +41 44 226 1850 Fax +41 44 226 1855
www.efginternational.com
Media Relations Investor Relations
+41 44 212 7387 +41 44 212 7377
mediarelations@efginternational.com
investorrelations@efginternational.com
The Asian operations of EFG Bank were established in 2000.
Initially based in Hong Kong and Singapore, the business was
profitable within a year and has grown rapidly to encompass a
regional network also present in Shanghai, Taipei and
Jakarta.
EFG Bank is part of EFG International, a global private
banking group offering private banking and asset management
services, headquartered in Zurich. EFG International's
group of private banking businesses currently operates in 30
countries, with circa 2,500 employees. EFG
International's registered shares (EFGN) are listed on
the SIX Swiss Exchange.
Practitioners of the craft of private banking
EFG International AG, Bahnhofstrasse 12, 8001 Zürich, Switzerland. Tel: +41 44 226 1850 Fax +41 44 226 1855 2 www.efginternational.com
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