Banque Havilland (Luxembourg) announces the planned closure of its UK branch
Since the end of the Brexit transition period on 31st December 2020, Banque Havilland S.A. has been operating in the UK under the Temporary Permissions Regime. Following a recent review of the growth strategy for the group and customer needs, the Board of Directors and the Management of Banque Havilland (Luxembourg) have decided that becoming a fully authorised UK third country branch is no longer a strategic priority. It will therefore be closing its branch in London.
This decision will enable the group to focus on serving its international client base from its other locations in Luxembourg, Liechtenstein, Switzerland, Monaco and Dubai, where the Bank sees the strongest opportunities to invest further and grow.
The Bank will continue to meet the needs of its UK clients from its other locations, in compliance with UK and cross-border rules and, in advance of the UK branch closure, will service existing customers in line with the UK regulatory requirements.