Tue, Sep 26, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Swiss bank REYL & Co opens London office

Friday, February 22, 2013
Opalesque Industry Update - Swiss bank REYL & Co continues its international expansion with the launch of a new office in London following the opening of Reyl Singapore two years ago. This development is part of the growth strategy pursued by the REYL Group and its aim of ensuring true proximity to its clients - primarily entrepreneurs who are themselves active in a globalised economy. The REYL Group currently employs 160 people and handles over CHF 7 billion in assets under management.

Founded forty years ago in Geneva, REYL & Co launched its international expansion with the inauguration of its first office abroad in Paris in 2004. This was followed by the establishment of Reyl Private Office in Luxembourg in 2009. In 2010, the REYL Group set up a subsidiary in Singapore and, in 2011, increased its presence in Asia through a joint venture in Hong Kong with the Samena Capital group. That same year, REYL & Co created Reyl Overseas, a Zurich-based company registered with the U.S. Securities and Exchange Commission (SEC), responding to the needs of US taxpayers living in Switzerland and abroad.

“For a rapidly expanding bank like our own, with a strong international component, the ability to operate out of London is now essential,” notes Ladislas Safyurtlu, appointed Managing Partner of the new subsidiary. “Not only is London a major wealth management and investment fund hub, but also a global business and financial centre. The British capital is a true gateway to Asia, the Middle East, Russia and the United States and, as such, it is very attractive to our clients. If London is a true gateway for them, it must be so for us as well.”

“Our efforts in London will initially focus on wealth management activity,” continues François Reyl, CEO of the REYL Group. “We will focus on providing services to a diverse, international, high-net-worth client base. Reyl London will become a showcase for all of the Group’s activities, from the distribution of our investment fund range, managed by Reyl Asset Management, to our private office services, led by Reyl Private Office, and our investment banking activities.”

As Managing Partner of Reyl London, Ladislas Safyurtlu has a background in portfolio management from previous roles at Pictet Asset Management in London, Morgan Stanley in London, New York, Zurich and Geneva, as well as Credit Suisse in Paris. Having joined REYL & Co in 2007, he is involved in the Group’s international development and is a member of the Group’s Investment Committee.

Press release

REYL & Co. (UK) LLP is an appointed representative of Mirabella Financial Services LLP which is authorised and regulated by the Financial Services Authority.

With headquarters in Geneva, and offices in Zurich, Lugano, Paris, London, Luxembourg, Singapore and Hong Kong, the REYL Group manages assets of over CHF 7 billion. It comprises three separate lines of business: wealth management, asset management, private office services. Founded in 1973 by Dominique Reyl, REYL & Co is a bank operating under the direct control of the Swiss Financial Market Supervisory Authority (FINMA) and the Swiss National Bank. www.reyl.com

Bg

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. iCapital Network enters deal to acquire innovative U.S. private equity access fund platform from Deutsche Bank[more]

    Komfie Manalo, Opalesque Asia: Financial technology platform iCapital Network has entered into a definitive purchase agreement to acquire the US Private Equi

  2. Neuberger Berman closes $1.1bn Credit Opportunities Fund[more]

    Neuberger Berman, a private, independent, employee-owned investment manager, announced that NB Private Equity Credit Opportunities Fund LP closed on $1.1 billion of limited partner commitments. The Fund seeks to invest in the secured and unsecured debt of private equity-backed companies, primarily i

  3. Capital Dynamics launches mid-market private credit business[more]

    Capital Dynamics, a global private asset manager, has launched a dedicated Private Credit Asset Management business. Experienced industry executives Jens Ernberg and Thomas Hall have joined Capital Dynamics to co-lead the company's new private credit initiative. They are based in Capital Dynamics' N

  4. Artificial intelligence may replace 40% of all jobs: Bridgewater founder Ray Dalio[more]

    From Foxbusiness.com: Bridgewater Associates founder Ray Dalio said Friday that almost half of the jobs in the next two decades will be replaced by artificial intelligence. "By in large, the world is going to largely consist of people who can take language and put it into code, which then allo

  5. Opalesque Exclusive: US investment firms must have tailored cybersecurity policies and procedures in place[more]

    Benedicte Gravrand, Opalesque Geneva: Cyber attacks are on the increase. One of the last victims was Equifax, a US credit scoring agency. As a result of its insufficient cybersecurity program, the agency was slapped with state and federal investigations, private lawsuits and a summons for chief e