Banque Havilland (Monaco) SAM is set for a major transformation following its acquisition by a consortium of international investors, who will relaunch the institution under the new name Moncrief Private Bank (Monaco) SAM…
The transition, which has received regulatory approval from Monaco’s CCAF and France’s ACPR, secures the bank’s stability and establishes it as Monaco’s only independent, locally headquartered private bank.
Clients of the bank will see no disruption to existing services, products, or relationship management, with continuity being the immediate priority. Looking ahead, the new ownership group has ambitious plans to modernise and expand the bank’s offering by fusing traditional wealth management with digital innovation.
The investor group includes fintech pioneer Jason Bates, co-founder of Monzo and Starling; wealthtech expert Maksym Koretskiy, with two decades of experience in private banking; and long-time Monaco resident Jim McColl, a seasoned investor with an extensive track record in strategic acquisitions.
The rebranded bank is expected to officially launch in Q4 2025. CEO Patrick Dauguet welcomed the change, stating: “The combined expertise of the new owners will not only bring more stability and excellence to the business, but their vision for a new digital offering in the region will bring added value to our clients over the coming years.”
With a renewed commitment to innovation and service, Moncrief Private Bank (Monaco) SAM aims to usher in a new era of private banking in the Principality.
