The Banque Havilland Group has begun exclusive negotiations to sell the shares of Banque Havilland (Monaco) SAM to a highly renowned group of investors.
This Consortium is led by Martin Gilbert, Chairman of Revolut Bank, Director of FTSE 100 mining giant Glencore, and former CEO and Founder of Abrdn PLC, who has partnered with long-term Monaco resident Corporate Financier Ivan Murphy, former Abrdn PLC Executive and UK FCA regulated Merchant Banker, to guide a group of international and Monaco-based investors.
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Between them are long-time Monaco residents Eddie Jordan, an Irish sports entrepreneur and former Formula One team owner, and Bart Duijndam, a Dutch industrialist and large-scale geothermal investor and operator.
In London, Christopher Murray is a Monument Bank shareholder and co-founder of Concord London Developments.
As the firm develops, the Consortium will be in a strong position to fortify the balance sheet.
It is certain that the agreement reached with the Consortium, who have a common entrepreneurial DNA and have an ambitious plan to establish a private bank in Monaco, will provided a reliable and long-term solution for the clients and staff.
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By GlobalDataMurphy, executive director shared: “We are delighted to have the opportunity to acquire Banque Havilland (Monaco) SAM and to restore the trust of its loyal clients and staff. We are excited to work with the existing team to close this transaction and move forward to build a strong traditional independent private bank in Monaco.”
The acquisition is likely to close by the end of the year, pending final regulatory clearances.
Moreover, earlier in July, Banque Havilland, the shareholder of Banque Havilland (Liechtenstein), opted on 26 July 2024, following discussions with the board of directors, to suspend its business activities in Liechtenstein and Switzerland and proceed the voluntary liquidation process with Banque Havilland (including its Zurich branch).
The Liechtenstein Financial Market Authority (FMA) and the Swiss Financial Market Supervisory Authority (FINMA) were both notified of the liquidation and the subsequent renunciation of banking licenses.
