Banque Franck, Galland & Cie
|Banque Franck, Galland & Cie SA|
|founding||1889/1965, 2003 merger|
|resolution||April 7, 2011|
|Board of Directors||Luc Hafner
The Banque Franck Galland & Cie SA was one of the asset management specialist Swiss private bank based in Geneva . It emerged in 2003 from the merger of Banque Franck SA in Geneva, founded in 1965, and part of Banque Galland & Cie SA in Lausanne , founded in 1889 .
Until 2011, Banque Franck, Galland & Cie was a wholly-owned subsidiary of the US Johnson Financial Group , which emerged as a finance division from SC Johnson & Son in 1970 . The bank employed around 90 people and at the end of 2008 managed client assets of almost 3.4 billion Swiss francs. In addition to its headquarters in Geneva, the bank had branches in Lausanne, Neuchâtel and Nyon .
The roots of today's banking institute go back to 1889, when Alfred Galland, a British consul in Lausanne, founded a bank. In 1937 his son Maurice Galland took over the management of the bank. The bank, which was renamed Banque Galland & Cie SA in 1941, focused on asset management for predominantly foreign clients residing in Lausanne. In 1998, Banque Cantonale Vaudoise (BCV) acquired the majority of shares in Banque Galland & Cie and took it over completely in 2002. In November 2003 BCV sold the private banking activities of Banque Galland & Cie to Banque Franck SA, which also took over 13 of the 31 employees. The remaining activities and the remaining 18 employees were integrated into BCV.
Banque Franck, roughly the same size at the time of the merger, was founded in Geneva in 1965 and later became a subsidiary of the Johnson Financial Group.
In 2010, Banque Cantonal Vaudoise took over Banque Franck, Galland & Cie.