Philip Lofts has been chosen as a new member of the Board of Directors of EFG International. After acquiring the relevant regulatory approvals, he will be proposed for election to the Board of Directors of EFG International at the next Annual General Meeting (AGM) on April 21, 2023. Philip Lofts will take over for Susanne Brandenberger, who has decided not to run for re-election to the Board of Directors, as announced on
November 1, 2022. Subject to shareholder approval, Lofts will also chair the Risk Committee, which is now chaired by Susanne Brandenberger. With over four decades of experience, Philip Lofts is a proven risk management expert and a recognised leader in the international banking industry. He spent nearly 30 years working with UBS Group in a number of executive and management positions, including from 2008 to 2015 as a member of the Group Executive Board. In 2011, Lofts was named CEO of UBS Americas, and he served as Group Chief Risk Officer from 2008 to 2010 and again from 2012 to 2015. Prior to joining the Group Executive Board, Lofts held a number of senior risk management posts in the Investment Bank and at Group and had obtained international expertise from working and living in Europe, Asia, and the US. Lofts has worked for UBS Group Americas as a Non-Executive Director since 2017, a position he will leave on March 31, 2023.