Banque Havilland (Monaco) SAM is set to relaunch under a new name following its acquisition by a group of international investors. The financial institution will rebrand as Moncrief Private Bank (Monaco) SAM in the fourth quarter of 2025.
The transaction, now formally approved by Monaco’s Commission de Contrôle des Activités Financières (CCAF) and France’s Autorité de Contrôle Prudentiel et de Résolution (ACPR), brings the bank under new leadership with a stated commitment to both continuity and innovation. According to the new owners, clients will experience no disruption in service, with existing products, services, and relationship managers remaining unchanged.
In a statement released on Thursday 7th August, the bank’s new leadership said their immediate priority was to ensure a stable transition, while also laying the groundwork for a new phase of growth. The investor group, which includes fintech and wealth management figures with international reputations, has outlined plans to expand the bank’s service offerings and introduce advanced digital tools in the near future.
Among the investors is Jason Bates, a well-known entrepreneur and co-founder of UK digital banks Monzo and Starling. He is joined by Maksym Koretskiy, a wealthtech specialist with two decades of experience in private banking, and Jim McColl, a veteran business leader and Monaco resident for over 25 years.
The acquisition follows a period of uncertainty for Banque Havilland Monaco. In September 2024, the bank entered negotiations with another investor consortium after Andbank Monaco decided not to proceed with its previously announced offer.
Speaking about the acquisition, Patrick Dauguet, CEO of Moncrief Private Bank, said: “This acquisition marks a new chapter for the bank. 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.”
See also:
Banque Havilland Monaco pursues sale to private bank amid ECB regulatory action
Stay updated with Monaco Life: sign up for our free newsletter, catch our podcast on Spotify, and follow us across Facebook, Instagram, LinkedIn, and Tik Tok.