**Title:** Investors Plan Relaunch of Banque Havilland’s Monaco Unit
**Meta Description:** Three investors aim to revive Banque Havilland’s Monaco branch after its European license was revoked, transforming it into a wealth-focused fintech.
**URL Slug:** banque-havilland-monaco-relaunch
**Headline:** Three Investors Set to Revive Banque Havilland’s Monaco Operations
Three investors are gearing up to relaunch the Monaco division of Banque Havilland SA, nearly a year after the banking group lost its European license due to concerns regarding its internal controls. The group includes Jason Bates, co-founder of Monzo and Starling Bank, Ukrainian tech investor Maksym Koretskiy, and Scottish billionaire Jim McColl. Documents reviewed indicate that these investors are seeking regulatory approval from Monaco’s Commission de Controle des Activites Financieres and France’s Autorite de Controle Prudentiel et de Resolution to finalize the acquisition.
Upon completion of the deal, the new owners plan to rebrand the business as a wealth-focused financial technology company, according to sources familiar with the situation who requested anonymity due to the confidential nature of the discussions. Previously, Banque Havilland was under the control of the Rowland family, known for their connections to high-profile figures, including Prince Andrew of the British royal family.
Last year, the European Central Bank revoked the license of Banque Havilland, which is based in Luxembourg, following penalties related to anti-money laundering violations. The banking group subsequently ceased operations in Liechtenstein and Switzerland. Recently, the company announced the conclusion of its resolution process, stating that deposits and trade creditors would be compensated soon. Notably, the Monaco unit was not included in this resolution process and had previously entered exclusive negotiations with another group of potential buyers, including Martin Gilbert, Chairman of Revolut.
As the investors move forward with their plans, the future of Banque Havilland’s Monaco operations remains a focal point in the financial sector, particularly in light of the bank’s troubled past and the ambitious vision of its new owners.
**FAQ Section:**
**Q: What is the future plan for Banque Havilland’s Monaco unit?**
A: The new investors plan to transform the Monaco unit into a wealth-focused financial technology company, pending regulatory approval for the acquisition.
