Banque Havilland Group has initiated exclusive talks to transfer ownership of its Monaco subsidiary, Banque Havilland (Monaco) SAM, to a distinguished group of investors. The negotiation, announced on September 23, includes prominent figures such as Martin Gilbert, Chairman of Revolut Bank and former CEO of Abrdn PLC, and Ivan Murphy, a notable Monaco resident and expert in corporate finance. The consortium also features prominent personalities like Eddie Jordan, a former Formula 1 team owner, and Bart Duijndam, a Dutch industrialist known for his involvement in significant geothermal initiatives.
The investor group aims to fortify Banque Havilland (Monaco)'s financial stability and expand its private banking services in the principality. The leadership of the bank expressed their trust in the consortium's entrepreneurial spirit and their commitment to ensuring a stable and promising future for both the bank's employees and its clientele.
The closure of this transaction is anticipated by year-end, pending the requisite regulatory approvals. Ivan Murphy, Executive Director of the consortium, conveyed enthusiasm about collaborating with the existing bank team to finalize the sale and focus on establishing a robust, independent private banking institution in Monaco.
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