The Banque Havilland Group announced on Monday, September 23, that it has entered into exclusive negotiations for the sale of its shares in Banque Havilland (Monaco) SAM to a prestigious consortium of investors.
The consortium is led by Martin Gilbert, Chairman of Revolut Bank and former CEO of Abrdn PLC, along with Ivan Murphy, a long-term Monaco resident and corporate financier. The group also includes notable figures such as Eddie Jordan, former Formula 1 team owner, and Bart Duijndam, a Dutch industrialist involved in large-scale geothermal projects.
The consortium’s plan is to strengthen the balance sheet of Banque Havilland (Monaco) and build a robust private banking business in Monaco. The Group expressed confidence in the consortium’s entrepreneurial approach and its commitment to providing a stable and sustainable future for the bank’s employees and clients.
Ivan Murphy, Executive Director, stated, “We are excited to work with the existing team to close this transaction and move forward to build a strong traditional independent private bank in Monaco.”
The transaction, which is expected to be completed by the end of the year, remains subject to final regulatory approvals.
