Banque Havilland, the Luxembourg-based private bank, has opened an office in Monaco as it further develops its offering for ultra high net worth individuals.

In July 2011, Banque Havilland acquired the former Dexia Private Bank Monaco SAM from Dexia Banque Internationale à Luxembourg, as part of its plan to develop an international private banking group.

The bank has since worked to transfer the operational infrastructure of the Monaco bank to the Luxembourg operating platform, the firm said in a statement. 

Established in 2009, Banque Havilland provides private banking, asset management and wealth management services worldwide to UHNW individuals and their families, with an office in London, in addition to Luxembourg and Monaco.