Practitioners of the craft of private banking United Kingdom 1
EFG Private Bank We are a UK-based private bank that provides high quality advice and service to wealthy individuals and their families. Private banking is our raison d être, and we place clients at the heart of everything we do. A private bank unlike any other Continuity You may be an experienced investor; alternatively, you may lack the time, knowledge or inclination to manage all aspects of your financial affairs. Regardless, our experienced and professional private bankers can develop the right approach for you. EFG appeals to some of the most experienced private bankers in the industry, thanks to the flexibility they have to act in your best interests. You can depend on their long-term commitment to work with you. We know that the best business relationships flourish when based on trust that has been allowed to develop over time. This is the foundation of our business and we leave no stone unturned to achieve it. To us, it comes down to three important elements continuity, consistency and choice.
Consistency Choice We aim to build personal wealth management strategies based on a deep understanding of who you are your current needs and your future ambitions. By leaving your private banker in place to build a long-term relationship we ensure consistency and an appreciation of your affairs which can span generations. Your private banker will know you better than anyone in our organisation, so they are best placed to meet your needs. They can draw upon the most suitable products and services available in the market, rather than a limited range of in-house investments. 03
Our corporate family EFG Private Bank is part of EFG International, a global private banking group active in 30 locations worldwide. LOS ANGELES NEW YORK MIAMI KEY BISCAYNE LYFORD CAY NASSAU CAYMAN ISLANDS QUITO BOGOTÁ LIMA PUNTA DEL ESTE MONTEVIDEO A global footprint EFG Private Bank is the UK arm of EFG International, a global private banking group head quartered in Zurich which is active in 30 locations worldwide. EFG was set up purely as a private bank to place clients at the heart of everything it does. The model is simple: every client has a dedicated private banker with one goal to help them meet their financial needs. To achieve this, EFG frees its private bankers from the pressures of sales targets and preferred products. Clients like the way we work, and today our 2,000 employees manage clients assets of over USD 85 billion. 04
Booking centre Other offices Switzerland includes: Geneva, Zurich BIRMINGHAM LONDON GUERNSEY JERSEY SWITZERLAND LUXEMBOURG LIECHTENSTEIN Birmingham region includes: Bridgnorth, Ombersley, Wolverhampton MONACO MADRID SHANGHAI HONG KONG TAIPEI SINGAPORE JAKARTA At EFG, our roots are in Switzerland, our network is international and we are located where you need us. Our international presence allows us to place funds in a number of jurisdictions worldwide, and to be quick to take advantage of local investment opportunities. It also gives us closer proximity to our clients a key ingredient of any relationship. For more information: www.efginternational.com 05
You and your private banker Our private bankers serve a range of clients: individuals, companies, trusts and family offices, both onshore and offshore. We strive to develop long-term, advice-led relationships with all our clients. The result: relevant, innovative, and carefully considered wealth management solutions. EFG s approach has always been simple: every client has a dedicated private banker with one overriding goal the client s financial wellbeing. To achieve this, we have freed our private bankers from the pressures of budgets and sales targets. We know they cannot build the right wealth strategy for you if they are under pressure to sell certain financial products so all our private bankers are free to find the most suitable products for you from across the market. If we cannot help you directly, we will tap into our network of high quality intermediaries to quickly find the right solution. Our private bankers are used to working with external professionals and will be happy to work closely with your own financial, legal and tax advisers giving you a seamless private banking experience. Your relationship with your private banker comes before anything else at EFG Private Bank. Whether you need to manage your wealth across different jurisdictions, access trust company expertise or secure a loan at short notice, your private banker has the flexibility to deliver results for you in a professional and efficient way. 06
A service you deserve Our service is predicated on the belief that all clients have varied needs and require individual attention. We operate an open architecture platform, which means that our private bankers enjoy the freedom, within a controlled environment, to recommend the most approp riate investments to you available in the market. We help you achieve your goals by managing and protecting your wealth. There is no such thing as a typical day for our private bankers, because you have multi-faceted needs. Whatever your needs, your private banker will always be on hand to act with your best interests at heart. 07
Our range of services We offer a wide range of products and services: asset management, banking and treasury, credit, financial planning, and trust and corporate solutions. 08
Asset Management Banking & Treasury A dedicated portfolio manager is available to work closely with you and your private banker to give you high- quality investment advice. After understanding your financial objectives, risk appetite and time horizon, your EFG team will devise a bespoke investment strategy for you that they will personally manage. Portfolio managers share the EFG passion for putting clients first, and offer valuable dual oversight of your investments. In addition to providing quarterly reports we regularly talk to you in person about the performance of your investments and the future direction your strategy should take. Our banking facilities include current accounts, credit cards, and deposits. Treasury services comprise of foreign exchange (spot and forward), vanilla and exotic foreign exchange options, interest rate derivatives and yield enhancement strategies (also known as dual currency deposits) which can provide higher yield potential compared to conventional money market instruments. Our Treasury team can provide you directly with foreign exchange and market trend advice. We provide structured deposits with returns linked to currencies, interest rates or equity indices including bespoke products for clients with specific needs. We can provide banking facilities from EFG London or from EFG Channel Islands depending on your requirements and tax considerations, in all major currencies. 09
Credit The provision of secured credit is a central element of our client offering. The amount that we will lend is dependent on the type of collateral against which the loan is secured. We offer a range of financing facilities which can be used to help construct an investment portfolio. These are secured by diversified portfolios of liquid and marketable collateral. We also offer a range of mortgage and property finance solutions for periods of up to five years. Predominantly we will lend against UK residential real estate in the Greater London area, as well as certain other select regions. We have the ability to arrange property finance in other exclusive European locations. The main types of credit facility which we can provide are overdrafts, fixed-term loans and bridging loans to finance the funding gap between asset purchases and sales. Further services include bank guaran tee issuance facilities (on behalf of clients in favour of third parties) and foreign exchange margin trading. We can provide credit facilities from EFG London or from EFG Channel Islands depending on your requirements and tax considerations, in all major currencies. 10
Financial Planning Trust & Corporate Solutions EFG Private Bank provides specialist financial planning advice to you through EFG Independent Financial Advisers. In a changing regulatory environment, we remain committed to providing fully independent financial advice and are always structuring our services to cater for your individual requirements. Initially, we undertake a full assessment of your personal circumstances and identify immediate and longer-term objectives before preparing a detailed financial planning report. Priorities often include tax efficient investment of capital for growth or income, retirement planning and mitigation of tax liabilities including inheritance tax. We provide offshore wealth structuring through EFG Wealth Solutions, our specialist wealth planning division operating in major jurisdictions around the world. Working closely with your private banker, EFG Wealth Solutions provides experienced, technically skilled professionals to assist in safeguarding you and your family s wealth as well as any other interests. We use trusts, companies and foundations designed to address your specific needs, whether complex cross-border situations or more straightforward requirements. Our in-house administration teams strive to deliver wealth structuring that fits with your choices and is flexible to accommodate changing requirements. EFG Wealth Solutions also offers fund administration, accounting and trustee services. 11
The EFG promise At EFG, your financial wellbeing is our priority. We give our bankers the freedom, in a controlled environment, to develop an approach to match your short- and long-term financial objectives. It starts with an understanding of you and your family. As your ambitions evolve over time, our understanding of them and our recommendations to you will evolve too. If you want a wealth management experience that puts you at its heart, we can help and would be delighted to start a conversation. If you already have the contact details of one of our professionals, please call them directly. If not, please call +44 20 7491 9111 so that we can put you in touch with one of our private bankers. 12
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Contacts UK London EFG Private Bank Limited EFG Asset Management (UK) Limited EFG Independent Financial Advisers Leconfield House Curzon Street London W1J 5JB United Kingdom Tel: +44 20 7491 9111 Fax: +44 20 7872 3706 Birmingham EFG Private Bank Limited EFG Harris Allday EFG Independent Financial Advisers 33 Great Charles Street Birmingham B3 3JN United Kingdom Tel: +44 121 233 1222 Fax: +44 121 236 2587 Wolverhampton EFG Independent Financial Advisers Waterloo Court 31 Waterloo Road Wolverhampton WV1 4DJ United Kingdom Tel: +44 1902 710 402 Fax: +44 1902 422 975 Ombersley EFG Harris Allday Church Mews Ombersley Worcestershire WR9 0EW United Kingdom Tel: +44 1905 619 499 Fax: +44 1905 619 409 Guernsey EFG Private Bank (Channel Islands) Limited Jersey EFG Private Bank (Channel Islands) Limited, Jersey Branch EFG Wealth Solutions (Jersey) Limited EFG Securities Services P. O. Box 641 No1 Seaton Place St Helier, Jersey JE4 8YJ Channel Islands Tel: +44 1534 605 600 Fax: +44 1534 605 605 Bridgnorth EFG Harris Allday 25a St. Leonard s Close Bridgnorth Shropshire WV16 4EJ United Kingdom Tel: +44 1746 761 444 Fax: +44 1746 765 209 P.O. Box 603, EFG House St. Julian s Ave., St. Peter Port Guernsey GY1 4NN Channel Islands Tel: +44 1481 723 432 Fax: +44 1481 712 638 14
Global head office and booking centres EUROPE Switzerland EFG International AG Bleicherweg 8 P.O. Box 2255 8022 Zurich Tel: +41 44 226 18 50 Fax: +41 44 226 18 55 EFG Bank AG Bleicherweg 8 P.O. Box 2255 8022 Zurich Tel: +41 44 226 17 17 Fax: +41 44 226 17 29 EFG Bank SA Quai du Seujet 24 P.O. Box 2391 1211 Geneva 2 Tel: +41 22 918 71 71 Fax: +41 22 918 71 72 Luxembourg EFG Bank (Luxembourg) S.A. 14, Allée Marconi P.O. Box 385 2013 Luxembourg Tel: +352 26 454 1 Fax: +352 26 454 500 Liechtenstein EFG Bank von Ernst AG Egertastrasse 10 9490 Vaduz Liechtenstein Tel: +423 265 53 53 Fax: +423 265 53 63 Monaco EFG Bank (Monaco) Villa Les Aigles 15 avenue d Ostende P.O. Box 37 98001 Monaco Tel: +377 93 15 11 11 Fax: +377 93 15 11 12 Spain EFG Bank (Luxembourg) S.A. Sucursal en España Joaquin Costa 26 28002 Madrid Tel: +34 91 308 93 70 Fax: +34 91 576 09 64 ASIA Hong Kong EFG Bank AG Hong Kong Branch 18th Floor, International Commerce Centre 1 Austin Road West Kowloon, Hong Kong Tel: +852 2298 3000 Fax: +852 2298 3300 Singapore EFG Bank AG Singapore Branch 25 North Bridge Road #07-00 EFG Bank Building Singapore 179104 Tel: +65 6595 4888 Fax: +65 6595 4922 AMERICAS USA EFG Capital International Corp 701 Brickell Avenue Ninth Floor Miami, FL 33131 Tel: +1 305 482 8000 Fax: +1 305 482 8200 Bahamas EFG Bank & Trust (Bahamas) Ltd Centre of Commerce 2nd Floor 1, Bay Street P.O. Box SS-6289 Nassau Tel: +1 242 502 5400 Fax: +1 242 502 5428 Cayman Islands EFG Bank AG Cayman Branch Suite 3208 45 Market Street Camana Bay P.O. Box 10360 Grand Cayman KY1-1003 Tel: +1 345 943 3350 Fax: +1 345 943 3351 15
EFG Private Bank Limited Leconfield House Curzon Street London, W1J 5JB United Kingdom +44 20 7491 9111 www.efgl.com EFG Private Bank 2013 This document has been approved solely for distribution in the United Kingdom its publication or availability in any other jurisdiction or country may be contrary to local law or regulation and persons who come into possession of this document should inform themselves of and observe any restrictions. This document may not be reprod uced or disclosed (in whole or in part) to any other person without our prior written permission. Approved and issued by EFG Private Bank Limited. Registered no. 2321802. Registered address: EFG Private Bank Limited, Leconfield House, Curzon Street, London W1J 5JB, United Kingdom, telephone +44 20 7491 9111. EFG Private Bank Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Our Financial Conduct Authority registration number is 144036. EFG Private Bank Limited is a member of the London Stock Exchange. Date of print: November 2013 16