Asignación de tráfico a un túnel

Regulatory & Compliance Committee

Management Risk

Committee Executive Credit Committee Asset/Liability Commitee Group Product Committee

Fiduciary and Suitability

Committee Audit Services Department

I. Flemmer

* Attendees of the Executive Committee

** Keith Gapp stepped down as member of EFG International’s Executive Committee effective as of 31 December 2015 Executive Committee

EFG International AG

Market Risk

Reporting & Control IT Infrastructure Investor Relations

Financial Reporting

& Control Legal Operational Risk

Management IT Security Financial Markets Compliance Corporate Office Investment Finance/

Credit Operations

Board of Directors Niccolò H. Burki (Chairman) John A. Williamson (Vice-Chairman) Susanne Brandenberger, Emmanuel L. Bussetil, Erwin R. Caduff, Robert Y. Chiu, Michael N. Higgin, Spiro J. Latsis, Bernd-A. von Maltzan, Périclès Petalas, Daniel Zuberbühler

Audit Committee M. N. Higgin (Chairman) S. Brandenberger, E. L. Bussetil, E. R. Caduff, P. Petalas Risk Committee D. Zuberbühler (Chairman) S. Brandenberger, E. L. Bussetil, M. N. Higgin, B.-A. von Maltzan, P. Petalas

Remuneration Committee N. H. Burki (Chairman), E. L. Bussetil, E. R. Caduff, P. Petalas, J. A. Williamson Acquisition Committee E. L. Bussetil (Chairman), R. Y. Chiu, B.-A. von Maltzan,

P. Petalas, J. A. Williamson

EFG International Executive Committee J. H. Straehle (CEO), P. Pradelli (Deputy CEO and CFO),

M. Bagnall (COO), K. Gapp (Head of Strategy and Marketing)*, H. Immink (Group General Counsel)**, A. Kyriazi (Head of Continental Europe & Switzerland), J. T. H. Lee (Head of Investment Solutions), F. Link (CRO), A. Chiu (CEO Asia)***, S. Campano (CEO Americas)***,

A. Cooke-Yarborough (CEO UK)***

Reporting line to Risk Committee to ensure independence of various risk functions within EFG International Group * Keith Gapp stepped down as member of the Executive Committee effective as of 31 December 2015

** Henric Immink stepped down as Group General Counsel and member of the Executive Committee effective as of 31 December 2015 *** Attendees of the Executive Committee

Management Structure

EFG International AG Board and Committees

Head of Investment Solutions James T. H. Lee Head of Strategy and Marketing Keith Gapp**

Chief Risk Officer Frederick Link Head of Continental Europe & Switzerland Adrian Kyriazi Chief Operating Officer Mark Bagnall CEO Asia* Albert Chiu Group General Councel Henric Immink*** CEO Americas* Sixto Campano CEO United Kingdom* A. Cooke-Yarborough Group oversight Chief Executive Officer

Joachim H. Straehle

Chief Financial Officer & Deputy CEO Piergiorgio Pradelli

Good Corporate Governance is about ensuring that a company is managed efficiently and effectively in the interests of the stakeholders. EFG International AG (EFG International; the Company) is always aiming for good Corporate Governance based on leading national and international standards and strives continuously for devel- oping the shareholders rights and representing their interests. It ensures transparency by properly disclosing Company information. This part of the annual report provides key information with regard to Corporate Governance practices within EFG

International.

As a publicly listed Swiss company, EFG International is subject to and complies with the Directive on Information relating to Corporate Governance (Corporate Governance Directive) and its annex and commentary, issued by SIX Swiss Exchange AG (SIX). The information provided in this section adheres to the Corporate Governance Directive revised on 1 September 2014, with the guidelines and recommendations of the “Swiss Code of Best Practice for Corporate Governance” of the Swiss Business Fede- ration “economiesuisse” entered into force on 1 October 2014 as well as its appendix 1, “Recommendation on compensation for Board of Directors and Executive Board”, which address transparency with respect to the compensation of the members of the Board of Directors and the Executive Committee.

The Ordinance against Excessive Compensation in Listed Companies (Ordinance) entered into force on 1 January 2014. It has implications on corporate documents in- cluding the Articles of Association and the Organizational and Management Regulations as well as on the Company’s Corporate Governance. In this context, EFG International carried out a comprehensive assessment of its Corporate Governance framework. Already in 2014, EFG International implemented almost all requirements of the Ordi- nance and reflected them in the Corporate Governance disclosures. Among others the requirement to provide the possibility of electronic voting had already been intro- duced at the Annual General Meeting (AGM) 2014. The outstanding elements required by the Ordinance and identified insights were fully implemented in 2015. The following information corresponds to the situation as at 31 December 2015, unless indicated otherwise.

If information required by the Corporate Governance Directive is published in the notes to the financial statements or in the Compensation Report, a reference indicating the corresponding section of the notes or page number is given.

GROUP STRUCTURE AND SHAREHOLDERS

Operational structure of EFG International

EFG International is a Zurich domiciled holding company, organized under the laws of Switzerland in accordance with Art. 620 et seq. of the Swiss Code of Obligations. It manages a global private banking and asset management group operating in around 30 locations worldwide. The EFG International Group (EFG International and its sub- sidiaries) is organized into seven business segments: Americas, Asia, United Kingdom, Continental Europe, Switzerland, Investment & Wealth Solutions and Corporate. Further information can be found in note 47 “Segmental Reporting” to the consolidated financial statements. The functional organization of EFG International is outlined on the previous page.

Group entities

The main consolidated entities are listed on page 160. Within EFG International Group only EFG International is a listed company:

− EFG International’s registered shares are traded on the main standard of SIX in Zurich (security no. 002226822; ISIN CH0022268228, symbol EFGN). The Company’s market capitalization was CHF 1,602,732,178.10 on 31 December 2015.

Significant shareholders

1,130 shareholders were recorded in EFG International’s share register as of

31 December 2015 (i.e. shareholders with voting rights) representing 77.24% (previous year: 80.71%) of the total share capital issued. The shares of unregistered share - holders (‘dispo’) amounted to 22.76% (previous year: 19.29%).

The shareholding structure of EFG International is shown in the table below:

As of 31 December 2015 Number

of registered shares

Percentage of voting rights EFG Bank European Financial Group SA,

Geneva1 _{82,545,117 54.33%}

Oakmark International Small Cap Fund,

Chicago2 _{4,725,000 3.11%}

F & C Managers Limited, London3 _{4,543,441 2.99%}

Wellington Management Group LLP,

Boston MA4 _{4,525,552 2.98%}

Other Shareholders 55,578,632 36.59%

Total5 _{151,917,742 100.00%}

1 _{EFG Bank European Financial Group SA is controlled by the Latsis Family through several intermediate parent companies.} 2 _{Based on reporting to SIX (on 22 September 2015); indirect Beneficial Owner is Harris Associates Investment Trust, Chicago.} 3 _{Based on reporting to SIX (on 21 August 2015); F&C Managers Limited is an indirect wholly owned subsidiary of}

Bank of Montreal.

4 _{Based on reporting to SIX (on 26 August 2015)}

5 _{In 2015 the total number of registered shares increased by 1,222,308 due to the use of conditional capital} (see section 2.2.2 below).

Ownership interests in companies domiciled in Switzerland whose shares are listed at least partly in Switzerland must be notified both to the issuer company and to the SIX when the holder’s voting rights reach, increase above or fall below certain thresh- olds. These notification thresholds are 3%, 5%, 10%, 15%, 20%, 25%, 33 ¹⁄³%, 50% 1.

1.1

1.2

For notifications received by EFG International in 2015 according to article 20 of the SESTA see the published reports on the Disclosure Office’s publication platform of SIX (see https://www.six-exchange-regulation.com/en/home/publications/significant- shareholders.html?companyId=EFG INTER).

Lock-up agreements

Currently there are no lock-up agreements in place.

Cross-shareholdings

EFG International has not entered into any cross-shareholdings that exceed 5% of the capital shareholdings or voting rights on either side.

CAPITAL STRUCTURE

Capital Share capital

The outstanding share capital amounts to CHF 75,958,871 consisting of 151,917,742 registered shares with a face value of CHF 0.50 each; the shares are fully paid-in. In context of the Employee Equity Incentive Plan EFG International Group has started in 2013 issuing its conditional share capital to provide registered shares for exer - cised options (including restricted stock units (RSUs)) to employees.

The authorized capital amounts to CHF 25,000,000 and the remaining conditional share capital amounts to CHF 11,408,629 at 31 December 2015 (more information can be found in section 2.2.2 below).

Further information on the share capital can be found in note 43 to the consolidated financial statements.

Participation capital

The outstanding participation capital of the company amounts to CHF 200,730 consisting of 13,382 non-voting preference Class B Bons de Participation with a nominal value of CHF 15 each. These Bons de Participation have been issued to Banque de Luxembourg as fiduciary in connection with the initial issue by Banque de Luxembourg of the EUR 400 million EFG Fiduciary Certificates on 14 November 2004 and 17 January 2005 (for details about the reduction of EFG International’s participation capital in 2012 and 2013 see be- low section 2.3 Changes in capital structure).

The EFG Fiduciary Certificates are listed at the Luxembourg Stock Exchange (ISIN: XS0204324890).The preference rights attached to the Class B Bons de Participation consist of preferential dividend and liquidation rights, as mainly set out in article 13 of the Articles of Association (the document is available on the EFG International homepage: www.efginternational.com/auditors-regulations). The preferential dividend rights are expressed to remain at all times at the full discretion of the

general meeting of shareholders.

1.4 1.5 2. 2.1 2.1.1 2.1.2

Authorized and conditional capital in particular Authorized capital

The Board of Directors is authorized, at any time until 25 April 2016, to increase the share capital by no more than CHF 25,000,000 by issuing no more than 50,000,000 fully paid-in registered shares with a face value of CHF 0.50 each. Increase by firm under- writing, partial increases as well as increases by way of conversion of own free reserves are permissible. The issue price, the starting date of the dividend entitlement and the type of contribution will be determined by the Board of Directors.

In addition, the Board of Directors is authorized to withdraw the preferred subscription rights of the shareholders and the participants and to allocate them to third parties for the financing of the acquisition of all or part of an enterprise or of an investment in another company, or for new investments purposes for EFG International at market conditions at the moment of the issuance, as well as, in particular, for direct or indirect fund raising purposes on the international capital markets.

Conditional capital

The share capital may be increased by no more than CHF 2,019,783 by issuing no more than 4,039,566 fully paid-in registered shares with a face value of CHF 0.50 each through the exercise of options (including existing or future RSUs) granted to officers and employees at all levels of EFG International Group. The preferential subscription rights of the shareholders and the participants are excluded in favor of the holders of the options (including RSUs). The conditions for the allocation and the exercise of the options are set by the Board of Directors. The shares may be issued at a price below the market price.

In 2015 EFG International issued a total of 1,222,308 registered shares with a face value CHF 0.50 at a total amount of CHF 611,154 for options (including RSUs) exercised by officers and employees of EFG International Group. Therefore, the remaining amount of approved conditional capital for options (including RSUs) to employees amounts to 2,817,258 shares with a face value of CHF 0.50 (CHF 1,408,629).

In addition, the share capital may be increased by no more than CHF 10,000,000 by issuing no more than 20,000,000 fully paid-in registered shares with a face value of CHF 0.50 each through the exercise of conversion and/or option rights granted in con- nection with the issuance of newly issued convertible debentures, debentures with option rights or other financing instruments by the Company or one of its subsidiaries. The preferential subscription rights of the shareholders and the participants are excluded in favor of the holders of conversion and/or option rights.

The Board of Directors may limit or withdraw the right of the shareholders and the participants to subscribe in priority to convertible debentures, debentures with option rights or similar financing instruments when they are issued, if

(a) an issue by firm underwriting by a consortium of banks with subsequent offering to the public without preferential subscription rights seems to be the most appropriate form of issue at the time, particularly in terms of the conditions or the time plan of the issue; or

2.2 2.2.1

(b) financing instruments with conversion and/or option rights are issued in connection with the financing or refinancing of the acquisition of an enterprise or parts of an enterprise or with participations or new investments of the Company. If advance subscription rights are denied by the Board of Directors, the following shall apply:

(a) Conversion rights may be exercised only for up to 7 years; and option rights only for up to 4 years from the date of the respective issuance.

(b) The respective financing instruments must be issued at the relevant market conditions.

Changes in capital structure

Until 2012, there have been no changes in the capital structure of EFG International since the Initial Public Offering which took place in October 2005.

For changes in the participation capital in 2012 and 2013 please see sections 2.3.1 and 2.3.2 below.

In 2013 EFG International used its conditional capital and issued a total of 1,207,040 reg- istered shares with a face value of CHF 0.50 at a total nominal amount of CHF 603,520 for options (including RSUs) exercised by officers and employees of EFG International and its subsidiaries.

In 2014 EFG International issued for the same purpose another 2,818,394 registered shares with a face value of CHF 0.50 at a total nominal amount of CHF 1,409,197 for options (including RSUs) exercised by employees of EFG International and its subsidiaries. As mentioned above in section 2.2.2 in 2015 EFG International issued for the same pur- pose another 1,222,308 registered shares with a face value of CHF 0.50 at a total nominal amount of CHF 611,154 for options (including RSUs) exercised by employees of EFG International and its subsidiaries.