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 French fund CEOs: 'Brexit is a lose-lose situation for all of us'

French fund CEOs: 'Brexit is a lose-lose situation for all of us'

'We'll all lose out - but London is an international city, Paris is not.' Leading French asset management CEOs tell us what they think Brexit will mean for the investment business.

Play Henderson Eurotrust's Stevenson: dealing with European cynicism

Henderson Eurotrust's Stevenson: dealing with European cynicism

Tim Stevenson talks about where he finds his opportunities in the current environment in Europe

Play Mark Barnett - part 2: why I'm not buying Lloyds

Mark Barnett - part 2: why I'm not buying Lloyds

In the second part of our exclusive video interview, Barnett explains why he has no intention of buying Lloyds, and where he sees the greatest income opportunities.

Read More
Wealth Manager on Twitter