Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

FSA gives controversial Tory donor permission to launch private bank

FSA gives controversial Tory donor permission to launch private bank

The Financial Service Authority has given Tory Donor David Rowland permission to open a London branch of his private bank Banque Havilland.

The Sunday Times spoke to Rowland’s son Jonathan, who confirmed the bank planned to open an office in Mayfair.

Banque Havilland, which has offices in Monaco and Luxembourg, was formed in 2009 by the Rowland family’s desire to create a private bank they would want to bank with.

On its website it says: ‘The Bank is managed with the financial conservatism that has been the hallmark of the family. Banque Havilland will strive to offer the excellent and discreet service that they, as a high net worth family would expect from a private bank.’

Banque Havilland offers a range of services including wealth structuring and investment management.

Rowland - who made his fortune in the property market and has donated more than £4 million to the Tories -declined to take the post of Tory party treasurer in August 2010 amid controversial revelations about the way he conducted business.  

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play HSBC's Stephen King warns of 'enormous' Brexit deficit danger

HSBC's Stephen King warns of 'enormous' Brexit deficit danger

Brexit will weaken the economy, fail to boost exports and lessen the country's ability to fund its 'enormous' deficit, according to HSBC's senior economic adviser Stephen King.

Play Premier's Smith: electricity and water can be a good mix

Premier's Smith: electricity and water can be a good mix

Exposing your person to electricity and water simultaneously is ill-advised, but what about your portfolio?

Play Citywire 10k: video highlights

Citywire 10k: video highlights

Citywire held its sixth annual charity run last week, which hosted over 200 people and raised £14,000. Here are the video highlights.

Your Business: Cover Star Club

Profile: gearing up for the shift from consolidation to start-ups

Profile: gearing up for the shift from consolidation to start-ups

‘I think the industry is evolving rapidly, but not necessarily as a whole,’ says the head of recently launched Charles Nicholson AM

Wealth Manager on Twitter