REYL & Cie

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REYL & Cie
TypeSociété anonyme (SA)
IndustryPrivate banking, financial services
Founded1973
FoundersDominique Reyl
Headquarters
Geneva
Number of locations
9
Area served
worldwide
ServicesWealth Management, Corporate & Family Governance, Corporate Advisory & Structuring, , Asset management
Total assetsCHF 15 billion
Number of employees
210
Websitehttp://www.reyl.com

The Reyl Group, styled REYL, is a financial services company founded in Geneva in 1973. Reyl provides financial advisory and investment services to private and institutional clients.

Reyl specializes in wealth management, corporate and family governance, corporate advisory and structuring, assset services and asset management.[1] The firm manages assets in excess of CHF $15 billion (including minority affiliates) and employs more than 200 professionals[2] in its offices in Switzerland, Europe, Singapore, Dubai and the United States.

REYL & Cie Ltd is licensed as a bank in Switzerland and as such performs its activities under the direct control of the Swiss Financial Market Supervisory Authority (FINMA) and the Swiss National Bank (SNB). The REYL Group's affiliates are also regulated by the LPCC in Switzerland, the FCA in the UK, the CSSF in Luxembourg, the MFSA in Malta, the MAS in Singapore, the SEC in the United States and the DFSA in Dubai.

History[]

Dominique Reyl founded the Compagnie Financière d'Etudes et de Gestion (CFEG), a portfolio management company in Geneva in 1973. In January 1988 CFEG's activities were transferred into REYL & Cie and in 1999, REYL & Cie was granted the authorised securities dealer status. François Reyl, son of Dominique, joined REYL in 2002.[2]

In 2003 the Asset Management business line was launched, followed by the Corporate & Family Governance business line in 2006.

In 2008, François Reyl was appointed Chief Executive Officer and REYL moved its headquarter to upscale rue du Rhône, in Geneva. A year later, REYL opened an office in Luxemburg and an independent subsidiary in Singapore.[2]

After having been granted a banking licence in 2010, REYL & Cie continued its expansion by opening a first Swiss branch in Zurich and founding REYL Overseas Ltd., a licensed Registered Investment Advisor with the U.S. Securities and Exchange Commission, enabling the Group to provide investment advisory services to US tax-compliant individuals. The affiliate opened its first branch in Dallas in 2016.[3]

The fourth business line Corporate Advisory & Structuring, widening the scope of services provided, was launched in 2012, the same year as the opening of a second Swiss branch in Lugano.

In 2013, REYL established a UK presence with the incorporation of REYL & CO (UK) LLP. The same year, the Group's name was associated with the Cahuzac affair, involving former French Finance Minister Jérôme Cahuzac; charges were rapidly dropped in Switzerland in 2014, the Bank was sentenced to a fine in France in 2017.[4]

In 2015 REYL expanded into its fifth business line, Asset Services, as part of its diversification strategy, obtained a fund custodian license in Malta and opened REYL Finance (MEA) Ltd, awarded with a commercial license from the Dubai Financial Services Authority.[5][6]

REYL was awarded Most Innovative Business Model by Private Banker International and Best Client Initiative by Wealth Briefing Swiss Awards in 2016.

In 2017, REYL made a minority investment in Aspiration,[7] an online banking platform based in Los Angeles, which was awarded as one of the most innovative companies of the world by Fast Company.[8] The same year REYL was awarded Outstanding Boutique Private Bank in Switzerland.[9]

In 2018, REYL was again awarded Best Private Bank - Client Service, Outstanding Mid-Tier Private Bank Western Europe Region and Outstanding Private Bank for UHNW Clients made a partnership with Hermance Capital Partner,[10] an investment fund platform focused on non-listed assets and sold a material stade in RAM Active Investments to Mediobanca.

On 5 October 2020 it was announced Intesa Sanpaolo SpA's private bank arm had reached an agreement to buy 69 percent of the company.[11] The deal became effective in the Spring of 2021, following regulatory approval of the ECB and FINMA.

In August 2021, Reyl then reached an agreement with 1875 Finance to acquire a 40 percent stake in the Geneva-based Swiss private bank.

Management[]

The Bank operates under the direction of five partners who are owner managers : Dominique Reyl, François Reyl, Pasha Bakhtiar,[12] Nicolas Duchêne, Christian Fringhian and Lorenzo Rocco di Torrpadula.[13] Their activity is overseen by a Board of Directors comprising Dominique Reyl (Chairman), Michel Broch (Vice-Chairman), Yves Claude Aubert, Maurice de Preux and Ruth Metzler-Arnold.[14]

Corporate Social Responsibility[]

In 2014, REYL founded Research for Life, a Swiss non-profit foundation dedicated to supporting and funding medical research projects in the fields of adult and pediatric oncology.[15]

Since 2014, REYL supports the Orchestre de la Suisse Romande.[16] REYL also supports mountain climber , the first Franco-Swiss woman to conquer 8 of the 14 highest summits in the Himalayas.[17]

References[]

  1. ^ "Reyl: cession partielle … Mediobanca de sa participation dans RAM". www.agefi.com (in French). Retrieved 2017-12-07.
  2. ^ Jump up to: a b c Phillips, James (25 June 2010). "Wealth manager François Reyl on taking his family firm global". Citywire. Retrieved 28 December 2017.
  3. ^ "Private Banking: Schweizer Showdown in Dallas". finews.ch (in German). Retrieved 2017-12-28.
  4. ^ "Affaire Cahuzac: pas d'appel, Reyl tourne dŽfinitivement la page". Bilan (in French). Retrieved 2017-12-19.
  5. ^ http://www.agefi.com/home/accueil/detail/edition/online/article/reyl-finance-mea-ltd-obtient-lagrement-de-la-dubai-financial-services-authority-la-nouvelle-entite-sera-dirigee-par-pasha-bakhtiar-408903.html
  6. ^ Ruche, Sébastien (8 October 2015). "Reyl établit une société à Dubai". www.agefi.com (in French). Agefi. Retrieved 2017-12-28.
  7. ^ "REYL & Cie partners with Aspiration, one of the fastest-growing US online financial firms". www.reyl.com. Retrieved 2018-08-29.
  8. ^ "Aspiration: Most Innovative Company | Fast Company". Fast Company. Retrieved 2018-08-29.
  9. ^ "Winners of Private Banker International Switzerland Awards 2017 revealed - Private Banker International". Private Banker International. 2017-12-12. Retrieved 2017-12-19.
  10. ^ Moneycab. "Moneycab › Banque Pâris Bertrand Sturdza, Bordier und REYL bündeln ihre Kräfte für die Entwicklung von Hermance Capital Partners" (in German). Retrieved 2018-08-29.
  11. ^ "Intesa Sanpaolo S p A : Buys 69% Stake in Swiss Bank REYL". 2020-10-05. Retrieved 2020-10-05.
  12. ^ "Reyl & Cie appoints new partner to lead digitalisation push". Citywire Switzerland. Retrieved 2018-08-29.
  13. ^ "Bank Reyl erweitert Kreis der Gesellschafter". finews.ch (in German). Retrieved 2017-12-28.
  14. ^ "Reyl et Cie nomme Ruth Metzler au conseil d'administration". www.romandie.com. 2 November 2016. Retrieved 2017-12-28.
  15. ^ "About us". www.researchforlife.ch. Retrieved 2017-12-28.
  16. ^ "Intermezzo | Les Amis de l'OSR". www.amisosr.ch (in French). Retrieved 2017-12-19.
  17. ^ Dufour, Oliver (2018-08-15). "Himalayiste ordinaireau palmarès singulier". (in French). Retrieved 2017-12-28.
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