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Apac to lead Swiss private bank EFG’s growth; region contributes 25% of AUM

Hong Kong remains a core market with an established wealth ecosystem and its position as a gateway to China

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Benjamin Cher

Benjamin Cher

Published Wed, Mar 18, 2026 · 07:00 AM
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    • Albert Chiu, EFG's executive chairman (Apac), says that the Swiss private bank's Asia-Pacific clients have been surprisingly resilient and adaptable.
    • Albert Chiu, EFG's executive chairman (Apac), says that the Swiss private bank's Asia-Pacific clients have been surprisingly resilient and adaptable. PHOTO: EFG

    [SINGAPORE] Asia-Pacific is a critical region for Swiss private bank EFG International, and the continued creation of new wealth bodes well for it to play a key role in its 2025-2028 strategic cycle.

    “The region has delivered strong growth across all locations, with net new asset growth of 8.5 per cent in 2025, equivalent to 3.2 billion Swiss francs (S$5.2 billion) of the 11.3 billion Swiss francs of net new assets generated globally,” said the bank’s executive chairman (Apac) Albert Chiu in an interview with The Business Times.

    The bank joins others in turning its focus to Asia’s private wealth for continued growth.

    Private bankingAsian private banking

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