Falcon Private Bank

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Falcon Private Bank AG
logo
Country SwitzerlandSwitzerland Switzerland
Seat Zurich
legal form Corporation
IID 8260
BIC UEBECHZZXXX
founding 1965
Website www.falconpb.com
Business data 2012
Total assets 1.968 billion CHF
Employee 302
management
Board of Directors Roberto Grassi (President), Matthew Hurn, Marc P. Bernegger, Matthew Holland
Corporate management

Martin Keller ( CEO )

The Falcon Private Bank AG is the asset management specialist and related financial services Swiss private bank based in Zurich .

As of January 2014, the bank employed more than 350 people, had total assets of almost two billion Swiss francs for the 2012 financial year, and managed assets of 12.1 billion CHF in 2012 ( assets under management ). In addition to its Zurich headquarters, Falcon Private Bank has branches in Geneva, Hong Kong and Singapore as well as agencies in Abu Dhabi, Dubai and London. It also has a 42.5 percent stake in bank zweiplus .

Falcon Private Bank is owned by the Abu Dhabi- based investment company Aabar Investments .

history

The bank was founded in 1965 under the name Überseebank AG as a subsidiary of the American insurance company American International Group . The bank was initially active as a universal bank, but over the years it concentrated more and more on private banking and asset management. This led to a change in the Articles of Association in 1998, where the new purpose was to "operate a bank with an international orientation with the main emphasis on asset management" and to rename it to AIG Privat Bank AG . At that time, the bank had branches and agencies in Geneva, Lugano, Hong Kong and Singapore as well as around seven billion Swiss francs in client assets.

In mid-2008, AIG Privat Bank outsourced its previous business with small and medium-sized assets totaling around two billion francs to bank zweiplus, which was newly founded together with Bank Sarasin .

As part of the reorganization of the American International Group, which got into trouble during the subprime crisis , AIG Privat Bank was sold to Aabar Investments in April 2009 and renamed Falcon Private Bank.

On October 1, 2016, long-time CEO Eduardo Leemann handed over his office to Walter Berchtold. In October 2016, the branch in Singapore was revoked by the local central bank Monetary Authority of Singapore on suspicion of money laundering .

After the two representatives of Aabar Investments on the board of directors had used this position to abuse the bank as a transit station for dubious business, the Swiss Financial Market Authority seized the illegally obtained profit and pushed through a new composition of the board of directors.

In September 2017, Martin Keller took over the management of the company as the new CEO. His aim is to strategically reposition the bank.

Web links

Individual evidence

  1. ↑ a b Entry of "Falcon Private Bank AG" in the commercial register of the Canton of Zurich  ( page no longer available , search in web archives )  Info: The link was automatically marked as defective. Please check the link according to the instructions and then remove this notice.@1@ 2Template: Toter Link / zh.powernet.ch  
  2. ↑ a b Entry in the bank master of Swiss Interbank Clearing
  3. ↑ a b Annual Report 2012 (PDF; 393 kB). Falcon Private Bank, p. 10.
  4. ↑ Annual Report 2012 (PDF; 393 kB). Falcon Private Bank, p. 12.
  5. ↑ About us . Falcon Private Bank Ltd., accessed January 29, 2014.
  6. ↑ Annual Report 2012 (PDF; 393 kB). Falcon Private Bank, p. 4.
  7. ↑ Jörg Stindt: Unknown background . In: Handelszeitung , October 28, 1998.
  8. ↑ Bank Sarasin Half- Year Report 2008 (PDF; 1.3 MB)
  9. ↑ Acquisition completed - AIG Private Bank is now called Falcon Private Bank. (PDF; 118 kB) Falcon Private Bank, media release, April 20, 2009, archived from the original on December 19, 2013 ; accessed on January 11, 2017 .
  10. ↑ a b c Ermes Gallarotti: Last chance for the private bank Falcon. In: www.nzz.ch. February 17, 2018, accessed February 17, 2018 .
  11. ↑ Christoph Hein: Singapore closes branch of the Swiss Falcon Bank . In: Frankfurter Allgemeine Zeitung , October 11, 2016, accessed on January 12, 2017.

Coordinates: 47 ° 22 '15.1 "  N , 8 ° 32' 8.3"  E ; CH1903:  six hundred and eighty-two thousand eight hundred fifty-five  /  247248