Banque Havilland S.A. is a
private bank headquartered in
Luxembourg. It is owned by the Rowland family and provides services in private banking, wealth and asset management, fund services to private clients and institutions. Banque Havilland has nine offices; these are based in Luxembourg, Liechtenstein, Monaco, the United Kingdom, the United Arab Emirates and Switzerland.
History
Banque Havilland obtained a
banking licence
A banking licence is a legal prerequisite for a financial institution that wants to carry on a banking business. Under the laws of most jurisdictions, a business is not permitted to carry words like a ''bank'', ''insurance'', ''national'' in th ...
in Luxembourg in 2009.
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
A bad bank is a corporate structure which isolates illiquid and high risk assets (typically non-performing loans) held by a bank or a financial organisation, or perhaps a group of banks or financial organisations. A bank may accumulate a large por ...
was renamed
Pillar Securitisation
A column or pillar in architecture and structural engineering is a structural element that transmits, through compression, the weight of the structure above to other structural elements below. In other words, a column is a compression member ...
, for which Havilland acted as administrator.
It opened its first overseas entity in Monaco by acquiring Dexia Private Bank S.A.M. from Dexia Banque Internationale à Luxembourg in 2012. A year later, in 2013, it launched its London branch 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 and Banque Havilland (Bahamas) Ltd.
In 2016, Banque Havilland acquired Banque Pasche S.A. in Switzerland allowing it to start operating in Switzerland, both in Geneva and Zurich. Moreover, through its acquisition of Banco Popolare Luxembourg S.A. from Banco Popolare, the bank extended its services to institutional clients.
Financial war against Qatar
In November 2017, leaked emails purported to show that
Yousef Al Otaiba, ambassador of the
United Arab Emirates to the
United States, had hired Banque Havilland to draw up a plan on how to start a
financial war against
Qatar. The bank has denied the allegations of overseas currency manipulation.
References
{{Banks of Luxembourg
Banks of Luxembourg