Revolut Chairman Among Consortium to Buy Monaco Private Bank

Revolut Ltd. chairman Martin Gilbert is part of a group in talks to buy the Monaco-based arm of Banque Havilland SA, which last month lost its licenseover concerns about its internal controls.

The private bank has entered into exclusive negotiations with Gilbert, the former chief executive officer of asset manager Abrdn Plc, and other investors including motor racing entrepreneur Eddie Jordan and former Abrdn executive Ivan Murphy, to sell its Monaco business, according to a statement from the Luxembourg-based company.

Martin Gilbert

Photographer: Ore Huiying/Bloomberg

Murphy said the buyers wanted to “restore the trust” of the bank’s clients and staff. “We ...