Jean Pierre Cuoni has dcided to step down as chairman of EFG International in 2015 and is disposing of 30% of the Cuonis’ family shareholding in the company.
He added that he would not seek a re-election at the Annual General Meeting in 2015, citing his age. However, Cuoni will continue as a member of the board.
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Jean Pierre Cuoni had co-founded the company earlier in 1995, along with Lawrence Howell and five others.
Currently, EFG’s private banking businesses operate across 30 locations worldwide, with work force of over 2,000 employees and its registered shares are listed on the SIX Swiss Exchange.
EFG International is expected to announce a new chairman designate later this year.
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