Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of 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 Nick Hayes: finding good bonds in negative yield world

Nick Hayes: finding good bonds in negative yield world

Why do some bonds offer 'negative yields' and how do you avoid them? Nick Hayes of AXA Investment Managers explains.

Play Neil Gregson: gold is prettiest in ugly contest

Neil Gregson: gold is prettiest in ugly contest

The JP Morgan Natural Resource fund manager talks about the prospects for gold with plenty of uncertainty in the global economy.

Brewin's Gutteridge & Foster talk property with Standard Life's Baggaley

Brewin's Gutteridge & Foster talk property with Standard Life's Baggaley

Gutteridge and Foster discuss UK commercial property with Jason Baggaley, manager of the Standard Life Property Income investment trust

Your Business: Cover Star Club

Profile: Creechurch Capital’s CEO on going the extra mile in a crowded market

Profile: Creechurch Capital’s CEO on going the extra mile in a crowded market

Growing a business is the main aim of many company owners but managing that growth in a controlled way is just as important

Wealth Manager on Twitter