Press release 11 january 2011 singapore
Published on: Mar 4, 2016
Transcripts - Press release 11 january 2011 singapore
Press releaseGeneva, 10 January 2011. Bordier & Cie, Private Bankers since 1844, obtains amerchant banking licence in Singapore: Bordier & Cie (Singapore) Ltd. It will beheaded by Evrard Bordier, who became a partner on 1 January 2011. He will be thefirst partner of a Geneva Private Bankers to move to Asia. Banking operations inSingapore will begin as from 1 February 2011.Bordier & Cie Private Bankers in Geneva since 1844 (“ Bordier & Cie Geneva” ) isbroadening its range of services and global network. This is a decision of strategicimportance, giving as it does the Bordier & Cie Group an opportunity to participate in theexceptional economic growth of Asia which is set to continue in years to come.Grégoire Bordier comments: “ are pursuing a long-term vision which aims to develop Weand perpetuate our family business as an asset management group with an internationalstature, but always on a human scale. By establishing Bordier & Cie in Singapore, webelieve that we now have the global structures needed to give our clients the servicesthey are entitled to expect of us” .A new bank will be created in Singapore: Bordier & Cie (Singapore) Ltd (“ Bordier & CieSingapore”This establishment will be headed up by the brother of two of the present ).partners of Bordier & Cie Geneva, Evrard Bordier. On 1 January 2011, he became apartner of Bordier & Cie Geneva with unlimited liability. Aged 42 and a lawyer by training,since 1999 he has managed and developed Bordier International Bank & Trust Ltd(“ ), a bank established on the Turks & Caicos Islands. Evrard Bordier will deploy his BiBT”asset management expertise and his experience in managing and developing a bank.Evrard Bordier explains: “ BiBT, which currently manages private clients’ assets worthmore than half a billion Swiss francs, is to remain an independent bank and will becomean integral part of the Bordier Group. BiBT’clients will be able to maintain their assets son the Turks & Caicos Islands or benefit from the services provided in Singapore orGeneva” .
Bordier & Cie – simple strategy and a unique relationship of trust ABordier & Cie provides a banking service and asset management facilities for its privateclients. The group has no other activity and does not wish to expand into otherprofessional areas. Bordier & Cie pursues a management philosophy focused ontransparency and liquidity – the emphasis on individual stocks and shares rather withthan on funds or structured products, together with outstanding personal servicecombined with absolute discretion.The evolution of background conditions in recent years has enabled Bordier & Cie toprovide a local service but within an international group: three affiliate companies (inLondon - Berry Asset Management Plc, in Paris - Bordier & Cie (France) SA and inMontevideo - Bordier & Cie (Uruguay) SA) - each time with important local structures -as well as a bank in the Turks & Caïcos islands - BIBT.Bordier & Cie Singapore will give its regional clients the benefit of the same services asBordier & Cie in Geneva.Singapore – crucial financial centre ABordier & Cie has decided to establish its new bank in Singapore. This financial centrehas managed its growth with outstanding success. Independent from the major powers, ithas become a vital international wealth management platform.Evrard Bordier comments: “ Bordier & Cie was particularly attracted by the rigour of thesupervisory authorities, Singapore’geographical position and unequivocal desire to sdevelop the financial centre in terms both of infrastructure and of essential talents.Bordier & Cie intends to expand its Asian, Indian and Russian clientele on a long-termbasis from Singapore. In order to maximize the prospects for the success of our strategy,we believed it was imperative for a member of the family and a partner with unlimitedliability to be present on site”.Living up to our clients’ expectationsBordier & Cie’decision also lives up to its clients’ s expectations. First and foremost,Bordier & Cie must be closer to them, especially to those entrepreneurs who look to us inAsia for the same local services from which they benefit in Geneva. The economicdevelopment of China, India and other neighbouring countries has attracted a greatmany SMBs which are relocating their activities and selling their products on the localmarkets.Furthermore, because of the growth potential of these regions, clients are increasinglylooking for expertise in the selection of equities and funds on the Asian markets. Last butnot least, the creation of Bordier & Cie in Singapore meets the need felt by certain clientsfor access to global services in a context of evolving financial legislation and structuralweakness of the European States.
Bordier & CieFounded in Geneva in 1844, Bordier & Cie is a private banking group dedicated toserving the interests of its Swiss and international clients.Bordier & Cie is one of the oldest private banking establishments in Switzerland.At the same time, it is one of the most innovative and dynamic.Over thirty wealth managers, highly qualified in many different fields, provideprivileged banking services for their clients. The group manages assets wortharound CHF 9.5 billion and employs over 195 persons in its Geneva headquarters,offices in Berne, Nyon and Zurich, its bank in the Turks & Caicos islands and itsfinancial companies in Paris, London and Montevideo.Bordier & Cie gives its clients the benefit of personal wealth management serviceswith the emphasis on quality, performance and a unique relationship of trust.For further information, please contact:Radan StatkowDirect Line +4122 317 1287 / Main +4122 317 1212Mobile +4179 345 3535Fax +4122 317 1277Email email@example.com