Banque Havilland's voluntary liquidation in Liechtenstein has seen its client assets shrink significantly, with only a quarter of the original 1.6 billion Swiss francs likely remaining. Sigma Bank has clarified that it is not an asset deal but a referral deal on a case-by-case basis, while the fate of the Monaco subsidiary remains uncertain amid regulatory silence.
The departure of a key relationship manager has led to a significant loss of assets for the bank, with around half of its CHF 1.6 billion under management now at stake. Following the liquidation of Banque Havilland, Sigma Bank has confirmed a referral deal for remaining client funds, while questions linger about the future of the bank's operations and its subsidiaries. The situation remains uncertain as the financial landscape evolves, with ongoing scrutiny from regulatory authorities.
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