Banque Havilland Nears Sale of Monaco Unit to Fintech Investors

Three investors are preparing to relaunch the Monaco-based arm of Banque Havilland SA,almost a year after the wider banking group lost its European license over concerns about its internal controls.

Monzo and Starling Bank co-founder Jason Bates, Ukrainian tech investor Maksym Koretskiy, and Scottish billionaire Jim McColl are involved in the attempted purchase and revamp, according to documents dated May seen by Bloomberg News.

The buyers are seeking regulatory approval to finalize the acquisition from Monaco’s Commission de Controle des Activites Financieres and France’s Autorite de Controle Prudentiel et de Resolution.

Following the deal, the new owners plan ...