EFG Snatches Up Client Advisors from Banque Havilland
In early September, finews.ch reported that EFG International might have an interest in Banque Havilland (Liechtenstein) AG. Now, movement is evident: EFG Bank von Ernst, the Liechtenstein arm of EFG International, has recruited four client advisors from Banque Havilland.
Tobias Wehrli, CEO of EFG Bank von Ernst, took to LinkedIn on Tuesday morning to announce the arrival of three new client advisors and an assistant, all previously employed at Banque Havilland (Liechtenstein). «A big welcome to our new team,» Wehrli stated in his post, highlighting their collective experience and expressing enthusiasm for their future contributions. The three client advisors will report directly to Wehrli.
The four recruits are: Metin Emer, Matthias Delvavier, Daniel Gunsch, and Raphaela Dietsche.
It remains unclear whether an asset deal will follow. EFG International did not wish to comment on this, but confirmed the addition of the four new team members.
Business Operations Surprised by Summer Shutdown
On July 30, Banque Havilland surprisingly announced that it would cease its operations in Liechtenstein and Switzerland, initiating a voluntary liquidation process for Banque Havilland (Liechtenstein) AG. At the same time, the bank relinquished its licenses in both Liechtenstein and Switzerland.
On August 2, the private bank had to disclose that the European Central Bank (ECB) had revoked its banking license in Luxembourg with immediate effect.
The 2022 merger between Banque Havilland (Liechtenstein) and Banque Havilland (Suisse), along with the opening of a Zurich branch, resulted in a significant increase in client assets, which grew by more than 40 percent, reaching 1.6 billion francs in 2023.
This growth occurred at both the parent company in Liechtenstein and the Zurich branch. The unexpectedly strong development resulted in a balance sheet growth from 702.8 million francs in 2022 to 909.7 million francs in 2023. Client deposits rose by 132.4 million to 682.9 million francs, while loans to clients increased to 222.8 million framcs (+44.4 million francs).
