Brugest AG announces Phase 2 of its Management Agenda |
| December 03, 2019 | December 2019 Bond Updates |
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Brugest AG today announced the launch of Phase 2 of its Management Agenda for the new year at their Conference which took place earlier today in Singapore. (1888PressRelease) This follows the successful completion of Phase 1 of Brugest AG’s Management Agenda. Phase 1, which involved refocusing the business, was completed in 2017. Phase 2, which will focus on growth and achieving 25% pre-tax return on average active equity, will be implemented in 2020. Brugest AG’s Phase 2 contemplates pre-tax profit of $8.4 million for 2019, while reaffirming the firms stated financial targets of 25% pre-tax return on equity and double-digit earnings per share growth over-the-cycle. Brugest AG’s Chief Financial Officer commented on the announcement saying “We will aim to accelerate profitable growth by expanding our businesses in Private Clients and Asset Management and Global Transactions, whilst at the same time building on our competitive edge in Corporate and Investment Banking. Our recent acquisitions prove our determination to expand our franchise. We will invest further, both in incremental acquisitions and in organic growth, while maintaining our cost, risk, capital and regulatory discipline.” At the Investor Conference, Brugest AG’s business heads, together with the Chief Financial Officer and Chief Risk Officer gave further details of the financial and strategic objectives of Phase 2 of Brugest AG’s Management Agenda. About Brugest AG Brugest AG is a fully Independent financial management company with an exceptionally high calibre of qualified and experienced individuals that are equipped with extensive market knowledge. We pride ourselves in being a globally focused company; our in house team has been assembled through a rigorous selection process to ensure our clients have the best possible up to date advice from a qualified client focused team. Achieving the right balance of investment professionals is paramount and we are certain that we have a diverse team that cover all aspects of our business from Wealth Management to Trust and Estate Management with the right tools we are able to achieve our clients' goals. |
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