MIAMI, FL (January 29, 2018) – G. Frederick Reinhardt, Chairman and CEO of Miamibased Brickell Bank, announces that an agreement for the sale of Brickell Bank has been entered into by the Bank and its principal shareholder, Banco Espírito Santo, S.A. – in liquidation, and Mr. Joseph Benhamou of Geneva, Switzerland with certain of his family members. The transaction is subject to customary regulatory approval.
“The Benhamou family has a longstanding history in international banking with particularly strong expertise in private banking and wealth management. We look forward to working hand in hand with Mr. Benhamou, whom we have come to know and respect throughout this process. Our shared dedication to the tradition of private banking and wealth management and a mutual commitment to growing assets under management and strengthening the overall equity base makes this a natural fit,” says Reinhardt.
Brickell Bank, headquartered on Brickell Avenue, will continue to expand its core strategy of providing wealth management and personal/corporate banking services, residential/commercial real estate lending, insurance and trade finance services to domestic and international individuals, institutions and corporate clients.
The alliance provides the opportunity for the Benhamou family to have an international banking platform in Miami and the ability to serve LATAM clients through the four-plus decades of expertise that Brickell Bank has developed in this arena. Mr. Benhamou and his family own a majority of CBH Compagnie Bancaire Helvétique SA, an independent, familyowned private bank established in 1975 and headquartered in Geneva, Switzerland. CBH has subsidiaries in Nassau, London, Hong Kong and Tel Aviv. Currently, CBH has approximately US$8.5 billion in assets under management, a Tier 1 capital ratio of 32 percent and 170 employees.
“Mr. Benhamou brings to the partnership his vast experience and know-how as a controlling shareholder of CBH Compagnie Bancaire Helvétique, and he is a superb catalyst for our growth and rededication to serving our customers. This is an outstanding opportunity for our customers, employees and Miami-Dade, and I am confident that we will provide exemplary service, a superior workplace environment and an enhanced banking experience,” continues Reinhardt.
Brickell Bank, chartered since 1973, offers Wealth Management services to its Private Banking clients through its broker/dealer, Brickell Global Markets, Inc.® (Member of FINRA/SIPC) and investment advisory services through Brickell Global Advisory, Inc., a Florida registered investment advisor and insurance through Brickell Global Insurance.