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 JPM’s Negyal: Back divis to temper EM volatility

JPM’s Negyal: Back divis to temper EM volatility

Omar Negyal, co-manager of the JPMorgan Global Emerging Markets Income trust, says a dividend approach to emerging markets reduces the volatility of investing in the asset class.

Play WMR: Why Russia will lose this war

WMR: Why Russia will lose this war

Author and journalist Adam Lebor believes a perfect storm is brewing when it comes to the Russian economy. .

Play WMR: Gerard Lyons warns Asia is the real risk, not Russia & Ukraine

WMR: Gerard Lyons warns Asia is the real risk, not Russia & Ukraine

Chief economic adviser to London mayor Boris Johnson outlines the geo-political risks in Asia and explains why the risk of another eurozone crisis must not be underestimated.

Your Business: Cover Star Club

Profile: 'new normal' now is as dangerous as when it was applied to tech

Profile: 'new normal' now is as dangerous as when it was applied to tech

7IM's CIO Chris Darbyshire says he has been re-energised by his new role, but has little time for 'new normal' doom-mongers

Wealth Manager on Twitter