Reyl Overseas, a subsidiary of Reyl & Cie bank, has opened its first branch in Santa Barbara (Los Angeles) in the US.
The new office will be led by Simon Clark, who is registered as an investment advisor with the Securities and Exchange Commission (SEC).
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REYL Overseas said that the new office will aim to take advantage of the American economy and the attractive entrepreneurial microcosm.
The new office is expected to provide closer support to American entrepreneurs who wish to extend their business affairs and banking relations globally as well as foreign investors who want to establish or strengthen themselves in the US.
REYL Overseas CEO Roger Groebli said: "It is a comprehensive and original proposal that enables REYL Overseas to rely on the different areas of expertise that the Group has been able to develop internally, in a transversal way."
Santa Barbara branch managing director Simon Clark said: "Our knowledge of the local, European and Asian markets, ensures we can provide a service offer that is diversified and interesting for American clients, based on over 40 years of banking experience. California offers a favoured foothold to develop this offer."
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By GlobalDataFounded in 1973 in Geneva, REYL & Cie developed a regulated offer of financial services for North American clients from October 2011. The group mainly targets international entrepreneurs and institutional investors.
