Banque Havilland the independent private banking group further extends its service offering for Ultra High Net Worth (“UHNW”) clients through the acquisition of Pasche Bank & Trust Limited in Nassau, Bahamas on 18th November 2014.
Banque Havilland S.A. acquired 100% of the shares in Pasche Bank & Trust Limited from Banque Pasche Geneva S.A.
“Over the last 12 months our Group has been developing an international network of locations from which we can best support the needs of our UHNW client base. They are global citizens with complex investment and wealth management requirements who need a financial partner that can support them on an international basis” commented Jean-François Willems, CEO, Banque Havilland S.A. “Through this transaction, not only are we expanding our geographic reach but also strengthening our access to the strategic growth markets of Latin America and the Middle East.
The new subsidiary has been renamed Banque Havilland (Bahamas) Ltd. and will remain in its current offices in Nassau, Bahamas.