Private banking group EFG International improved all its key metrics in 2019, as it went on a hiring push and made a major acquisition.

The Zurich-headquartered bank saw its pre-tax profits improve to CHF 94.2 million, up 34 percent compared to the CHF 70.3 million in 2018.

This increase was driven by a revenue increase of 2.2 percent, to CHF 1.17 billion, and a 6.2 percent decrease in operating expenses, to £998.3 million.

Revenue gains included contributions from...