Press Release – Banque Havilland (Monaco) enters into exclusive negotiations

The Banque Havilland Group announced today that it has entered into exclusive negotiations for the sale of the shares of Banque Havilland (Monaco) SAM to a highly reputable Consortium of investors.

This Consortium is composed of Martin Gilbert, Chairman of Revolut Bank, Director of FTSE 100 mining giant Glencore and former CEO and Founder of Abrdn PLC who has joined long-term returning Monaco resident Corporate Financier Ivan Murphy, former Abrdn PLC Executive and UK FCA regulated Merchant Banker to lead a group of international and Monaco based investors. Among them, long standing Monaco residents Eddie Jordan the Irish Sports Entrepreneur and former Formula 1 team owner and Bart Duijndam, Dutch Industrialist and large-scale Geothermal investor and operator and in London, Christopher Murray shareholder in Monument Bank and Co-Founder of Concord London Developments.

The Consortium will be well positioned to strengthen the balance sheet and build the business going forward.

The Group is pleased to have found an alternative forward looking strategy for Banque Havilland (Monaco) SAM. It is confident that the agreement found with the Consortium, who has a shared entrepreneurial DNA and ambitious project to set up a Private Bank in Monaco, offers the employees and the clients, a stable and sustainable option.

“We are delighted to have the opportunity to acquire Banque Havilland (Monaco) SAM and to restore the trust of its loyal clients and staff. We are excited to work with the existing team to close this transaction and move forward to build a strong traditional independent private bank in Monaco”
stated Ivan Murphy, Executive Director.

The transaction is expected to be completed before year end, subject in particular to the obtaining of final regulatory approvals.