from 1989, latsis became a director of some companies within the efg group, the family banking holding group, including private financial holdings limited which became efg private bank limited in london, and efg consolidated holding sa in luxembourg. the following year, he also assumed the role of director of eurofinanciere d'investissements sam in monaco and became a non-executive director of eurobank ergasias sa in athens. dr latsis officially assumed the role of chairman of the efg group in 1997.