Banque Havilland
From Wikipedia, the free encyclopedia
 | |
| Company type | Private Company |
|---|---|
| Industry | Financial services |
| Founded | July 10, 2009[1] |
| Headquarters | |
Number of locations | 6 |
Key people | David Rowland (Owner) Marc Arand (Group CEO) |
| Services | Private banking Asset management Wealth management Investment fund Trading |
Number of employees | 200 (Luxembourg) |
| Website | www |
Banque Havilland S.A. was a private bank headquartered in Luxembourg. It was owned by the Rowland family and provided services in private banking, wealth and asset management, fund services to private clients and institutions. Banque Havilland had five offices located in Luxembourg, Liechtenstein, Monaco, the United Arab Emirates and Switzerland.[2]
On 9 August 2024, the Luxembourg District Court placed the bank in administration.
Banque Havilland obtained a banking licence in Luxembourg in 2009.[3] David Rowland and his son Jonathan achieved this by obtaining the good bank of the failed Kaupthing Bank Luxembourg via their investment company Blackfish Capital. The bad bank was renamed Pillar Securitisation, for which Havilland acted as administrator.[4] It was named after Rowland's Havilland Hall mansion in Guernsey.[5]
It opened its first overseas entity in Monaco by acquiring Dexia Private Bank S.A.M. from Dexia Banque Internationale à Luxembourg in 2012.[6] A year later, in 2013, it launched its London branch[7] and acquired a majority stake in Banque Pasche (Liechtenstein) AG and 100% of shares in Pasche Bank & Trust Limited forming two new subsidiaries Banque Havilland (Liechtenstein) AG.[8]
In 2016, Banque Havilland acquired Banque Pasche S.A. in Switzerland allowing it to start operating in Switzerland, in Zurich.[9] Moreover, through its acquisition of Banco Popolare Luxembourg S.A. from Banco Popolare, the bank extended its services to institutional clients.[10]
In 2018, the bank was fined €4 million for breaches of money-laundering regulations. In 2023, the bank’s British subsidiary was shut down by regulators.[11] In 2023, Banque Havilland announced the sale of its institutional banking activities to Banco Inversis, a subsidiary of Spanish investment bank Banca March.[12]
In early August 2024, the European Central Bank withdrew Banque Havilland’s operating licence, stopping it trading in most of Europe. On 9 August 2024, the Luxembourg District Court placed the bank in administration.[11][5]
