Building Leadership & Man. Skills

Term Project Building Leadership & Man. Skills Prof. Stewart L. Tubbs

ERHAN ÖZER

IT renovation project in Eurobank Tekfen.

Introduction

EFG Group is an international banking group, whose operating holding company is European Financial Group EFG (Luxembourg) SA. The Group is organized into two distinct and separate subgroups, each having its own board of directors, management, business and geographical scope, and sub-consolidated regulatory supervision: EFG International, which is a global private banking and asset management group headquartered in Zurich, Switzerland and listed on the SIX Swiss exchange (EFGN), and its direct parent company, EFG Bank European Financial Group SA, a bank based in Geneva, supervised on a consolidated basis by the Swiss FINMA. Eurobank EFG, which is one of the largest banking groups in Greece, listed on the Athens Stock Exchange (EUROB), offering all types of banking, asset management, insurance and other related services throughout Greece and in Central, Eastern and South-Eastern Europe including Turkey, London and in Luxembourg, supervised on a consolidated basis by the Bank of Greece. The Group structure is summarized as follows:

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Tekfen Group is founded in 1956 and today one of Turkey’s most respected conglomerates, decided that the bank should move forward with a strategic partner and the outcome of that decision was an agreement with Eurobank EFG Group. Under this agreement, Eurobank EFG

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Brief information and Group structure is taken from EFG Group website: www.efggroup.com 2

Statement of the Situation

Group acquired a 70% stake in Eurobank Tekfen with the Tekfen Group maintaining its strategic partnership with a 30% share. With its vision of providing “Financial Services at World Standards of Quality”, Eurobank Tekfen’s mission is to serve all corporate and individual customers by taking a “solution partner” approach. Regarding to this vision, Technology investments are currently being undertaken to...