REYL & Cie Business Operations and Management

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Cityscape of Zurich in Switzerland
Credit: pexels.com, Cityscape of Zurich in Switzerland

REYL & Cie has a global presence with offices in Switzerland, Luxembourg, Singapore, and the United Arab Emirates.

The bank's business operations are characterized by a strong focus on wealth management and private banking.

REYL & Cie's management team is led by CEO, François P. Meister, who has been at the helm since 2008.

The bank's commitment to innovation is evident in its adoption of digital technologies to enhance client experiences and streamline operations.

History

REYL & Cie was founded by Dominique Reyl in 1973 as a portfolio management company in Geneva.

In 1988, the company's activities were transferred into REYL & Cie, marking a significant milestone in its growth.

François Reyl, son of Dominique, joined the company in 2002.

REYL moved its headquarters to upscale rue du Rhône in Geneva in 2008, under the leadership of François Reyl, who had been appointed CEO that year.

The company expanded its presence in 2009 with the opening of an office in Luxemburg and an independent subsidiary in Singapore.

Credit: youtube.com, REYL Bank's Development

REYL was granted a banking licence in 2010, enabling it to open a first Swiss branch in Zurich.

In 2012, REYL launched its Corporate Finance business line, expanding its services and presence in Lugano with a second Swiss branch.

The same year, REYL established a UK presence with the incorporation of REYL & CO (UK) LLP.

However, the company was also associated with the Cahuzac affair in 2013, a controversy that would have significant consequences.

Charges related to the affair were dropped in Switzerland in 2014, but REYL was ultimately sentenced to a fine in France in 2017.

In 2015, REYL expanded its services with the launch of its Asset Services business line, as part of its diversification strategy.

The company also obtained a fund custodian license in Malta and opened REYL Finance (MEA) Ltd, awarded with a commercial license from the Dubai Financial Services Authority.

In 2017, REYL made a minority investment in Aspiration, an online banking platform based in Los Angeles.

That same year, REYL was awarded Outstanding Boutique Private Bank in Switzerland, a testament to its growth and success.

Broaden your view: Swiss Bank Account

Business Operations

Credit: youtube.com, REYL Business Lines - Corporate Advisory & Structuring

REYL & Cie's business operations are guided by real user feedback, which helps shape the future of the company.

The bank encourages users to share their experiences and provide valuable insights, allowing REYL & Cie to make informed decisions.

This collaborative approach enables the company to stay agile and responsive to changing market conditions.

Offshore Business

Offshore business can be a complex and high-risk area, as seen in the case of Bank Reyl. The bank was sentenced to a fine of 1.875 million euros in connection with the "Cahuzac affair".

This case highlights the importance of transparency and accountability in offshore business dealings. A French court found that Bank Reyl had served as an "instrument for the concealment of assets" of former French Finance Minister Jérôme Cahuzac.

The consequences of such actions can be severe, with the bank's general manager François Reyl facing a suspended prison sentence of one year and a fine of 375,000 euros. This shows that even high-profile individuals and companies can be held accountable for their actions.

A full “confusion des peines” was granted as part of the CRPC homologated on 18 April 2023, allowing for the final consolidation of procedures. This resulted in a residual amount of EUR 1,2m due by the Bank and its CEO.

Reviews

Credit: youtube.com, Lucidchart Reviews - Business Processes and Operations

Reviews are a valuable resource for businesses, and REYL & Cie is no exception.

Gain insight from real user feedback to guide your decisions or share your experiences and help shape the future of REYL & Cie.

Reading reviews from other clients can give you a sense of what to expect from a company.

You can find reviews for REYL & Cie that provide real user feedback to guide your decisions.

Reviews can help you make informed decisions about whether or not to work with REYL & Cie.

Bank Information

REYL & Cie's bank information is quite impressive. The bank is located at Rue du Rhône 62, 1204 Geneva, and you can reach them at +41 22 816 80 00.

Their website is www.reyl.com, and they were founded in 1973. The bank has 5 subsidiaries and employs 419 people.

The bank's leadership includes Chairman Christian Merle and CEO François Reyl. REYL & Cie's financials are also noteworthy, with an eligible regulatory capital of 125.390 million CHF and a tier 1 ratio of 13.78%.

Credit: youtube.com, A New Approach to Banking - a film about the REYL Group's expertise

Here are some of the bank's key financial metrics:

The bank also has a significant presence abroad, with operations in London, Luxembourg, Malta, Singapore, Dubai, and the United States.

Management and Structure

The management team at REYL & Cie is led by six partners: François Reyl, Pasha Bakhtiar, Nicolas Duchêne, Christian Fringhian, and Lorenzo Rocco di Torrepadula.

The bank's activities are overseen by a board of directors, which has a chairman and a vice-chairman.

Managed Assets

Managed Assets are typically categorized into two main types: Financial and Non-Financial. Financial assets include cash, stocks, and bonds, which can be easily liquidated to meet business needs.

Businesses with a strong financial foundation often have a higher credit score, making it easier to secure loans and investments. A good credit score can also lead to lower interest rates and better financial terms.

Non-Financial assets, on the other hand, are harder to value and may not be as easily liquidated. Examples of non-financial assets include intellectual property, patents, and trademarks.

Curious to learn more? Check out: EFG Bank European Financial Group

Credit: youtube.com, What is Asset Management? Industry Overview and Career Options

Effective asset management is crucial for businesses to ensure they are making the most of their resources. This involves regularly reviewing and updating asset categorizations to reflect changes in the business.

A well-structured asset management system can help businesses identify and mitigate potential risks, such as asset depreciation or obsolescence. Regular reviews can also help businesses capitalize on new opportunities and stay ahead of the competition.

Management Team

The Bank operates under the direction of six partners: François Reyl, Pasha Bakhtiar, Nicolas Duchêne, Christian Fringhian, and Lorenzo Rocco di Torrepadula.

These partners oversee the Bank's activity through a board of directors, which is led by Christian Merle as chairman.

The board of directors also includes Michel Broch as vice-chairman, and members such as Yves Claude Aubert, Liane Elias Hoffman, Ruth Metzler-Arnold, Tommaso Corcos, Lino Mainolfi, and Riccardo Barbarini.

Origin and Overview

REYL & Cie has its roots in a Swiss bank dating back to 1863, when it was founded by Jacques-Émile Ruffy.

Credit: youtube.com, REYL Group Review: My Honest User Experience with this Swiss Bank

The bank's early history is marked by a series of mergers and acquisitions, which laid the foundation for its future growth.

In 1997, the bank underwent a significant transformation, changing its name from Ruffy & Cie to REYL & Cie.

The bank's headquarters is located in Geneva, Switzerland, a hub for international finance and banking.

REYL & Cie is known for its private banking services, catering to high net worth individuals and families.

The bank's expertise spans multiple areas, including asset management, wealth planning, and investment advice.

Intriguing read: Alternative Banking

Carole Veum

Junior Writer

Carole Veum is a seasoned writer with a keen eye for detail and a passion for financial journalism. Her work has appeared in several notable publications, covering a range of topics including banking and mergers and acquisitions. Veum's articles on the Banks of Kenya provide a comprehensive understanding of the local financial landscape, while her pieces on 2013 Mergers and Acquisitions offer insightful analysis of significant corporate transactions.

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