Reyl Overseas, a subsidiary of Reyl & Cie bank, has opened its second US branch in Dallas, Texas.
The new office will be led by Oliver Hohermuth, 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 take advantage of the American economy and its talented entrepreneurs.
The office will provide closer support to American entrepreneurs who wish to extend their business affairs and banking relations internationally as well as foreign investors who want to establish or strengthen their business in the US.
Founded in 1973 in Geneva, REYL & Cie serves a clientele of international entrepreneurs and institutional investors through its wealth management, asset management, corporate & family governance, corporate advisory & structuring and asset services business lines.
Hohermuth 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.
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By GlobalData"Texas has become an extremely cosmopolitan place during the past 20 years that is open for international business and is home to more than 350’000 millionaires. Also, the Texas economy by itself is the 12th largest in the world (GDP of USD 1.6 trillion as of 2014)."
