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EFG International's Liechtenstein branch has welcomed four former client advisors from Banque Havilland, following the latter's decision to cease operations and enter voluntary liquidation. The new hires, including Metin Emer, Matthias Delvavier, Daniel Gunsch, and Raphaela Dietsche, will report directly to CEO Tobias Wehrli. The potential for an asset deal remains uncertain, as EFG International has not commented further on the situation.
EFG International has expanded its team by recruiting four client advisors from Banque Havilland, following the latter's unexpected decision to cease operations in Liechtenstein and Switzerland. The new hires, including Metin Emer, Matthias Delvavier, Daniel Gunsch, and Raphaela Dietsche, will report to EFG Bank von Ernst's CEO, Tobias Wehrli. Despite the recruitment, it remains uncertain if an asset deal will occur, as EFG International has not commented on the matter.
Martin Gilbert, Chairman of Revolut and founder of Abrdn, is reportedly interested in acquiring Banque Havilland's Monaco subsidiary after Andbank withdrew from a potential purchase. A consortium of private individuals has agreed to take over, pending regulatory approval, while Revolut may be eyeing Havilland's banking license. Meanwhile, the Liechtenstein subsidiary is facing liquidation, with EFG International emerging as a likely buyer.
The ECB's banking supervisory authority revoked Banque Havilland's license in Luxembourg, prompting the search for buyers for its subsidiaries in Monaco and Vaduz/Zurich. Andbank backed out of acquiring the Monaco unit after due diligence, while a consortium of private individuals, including industry heavyweight Martin Gilbert, is set to take over, pending regulatory approval. In Vaduz, EFG International appears to be the frontrunner for an asset deal following the self-liquidation of the Liechtenstein subsidiary.
The ECB revoked Banque Havilland's banking license in Luxembourg, prompting the search for buyers for its subsidiaries. Andbank has withdrawn its interest in the Monaco branch, while a consortium of private individuals, including Martin Gilbert, is set to acquire it, pending regulatory approval. Meanwhile, the Liechtenstein subsidiary faces liquidation, with EFG International emerging as a potential buyer.
Digital asset bank Sygnum has secured regulatory approval to operate in Liechtenstein, positioning itself for expansion into the EU as the Markets in Crypto-Assets Regulation (MiCA) takes effect. Originally established in Switzerland in 2019, Sygnum is now licensed as a crypto asset service provider, offering brokerage, custody, and B2B banking services. With a network of over 20 partner banks and recent funding of $40 million, Sygnum aims to leverage its experience in the competitive European market.
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efg international hires four client advisors from banque havilland amid changes
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