Banque Saint-Germain

Banque Saint-Germain
Financial Institution
The lobby of the BSG branch in Luxembourg
Company Information
Incorporated	15 May 2001 Luxembourg
Headquarters	Sion, Switzerland
Type	Privately-held
Industry	Financial services
Chairman	Diego Toscano Moya
CEO	Alessandro Sciarra
Revenue	$28.77 billion (2034)
Pre-Tax Profit	$10.21 billion (2034)
Valuation	Not disclosed
AUM	$350 billion (2034)
Employees	4,342
Shareholders	Minerva Holdings (67.7%) Al-Barq Asset Management (8.2%) Nanyang Commercial Bank (7.1%) Palatine Management LLC (6.0%) KKR (2.6%) Diego Toscano Moya (1.1%) Others (7.3%)

Banque Saint-Germain Limited, also commonly referred to as BSG, is a Swiss private banking and wealth management group, founded in 2001. It is currently majority-owned by Minerva Holdings and was formed in its present state in 2029, when it was reconstituted and restructured as a Monaco société anonyme (SA). As of December 2034, the bank had operations in 24 countries and more than $350 billion in assets under management.

BSG is generally regarded to be one of the most opaque banks in the world. Various financial services regulators, including the US Securities and Exchange Commission, the UK Financial Conduct Authority, and the Swiss Financial Market Supervisory Authority, have criticized BSG for its "lack of transparency" and "uncooperative stance". In response, the bank has stated that it takes its role as a financial fiduciary seriously, and as such, its "foremost duty" is to safeguard the privacy of its clients under all circumstances. For this reason, BSG has been reported to be "the bank of choice for the international oligarchy".

As of February 2034, BSG required a minimum of $25 million in investable assets to commence a new banking relationship. Existing clients are required to maintain a monthly average balance of $20 million across their banking and investment accounts. In order to qualify for the premium Solitaire service, clients must maintain a monthly average balance of $100 million.

"It's not a secret that BSG is a criminal enterprise whose principal business is money laundering. Its clients include drug lords, mafia organizations, fraudsters and corrupt politicians. However, they are extremely skilled at operating on the margins of the law, making prosecutions virtually impossible. The BSG legal team is probably the most talented group of lawyers in the world."

Sir Callum Hornby

Director of Public Prosecutions, United Kingdom

7 July 2033

Since 2029, BSG has been investigated for money laundering at least 16 times. In 2030, a prosecution was brought against the bank in the United Kingdom, however, the case was dismissed by the High Court as a result of prosecutorial misconduct.

In 2032, BSG announced that it would be establishing operations in the US territory of Guam, and would thus begin accepting US citizens as clients. However, in July 2033, BSG announced that it would not be accepting US citizens as clients due to regulations from the SEC.

Services

A client sits with a Valet in a private room in the BSG branch in Macau

Banking Services

BSG provides multi-currency current and savings accounts with seamless remittance and wire transfer services. No fees are charged for sending or receiving wires. In addition, clients are also able to purchase more than 100 cryptocurrencies directly from their online banking accounts, and transfer it directly into secure offline wallets.

Unlike most other banks, BSG offers a premium cash service. Clients may withdraw up to $2 million in cash at any branch, or up to $500,000 in cash via its special delivery service. This unique service allows clients to place orders for cash through their secure banking app, with delivery guaranteed within 6 hours. A fee of 1.5% applies for cash deliveries.

BSG clients may also withdraw up to $10,000 in cash at any of its 25,000 partner ATMs worldwide.

Credit and Financing Services

BSG offers an array of financing services, including overdrafts, credit cards, conventional mortgages, trade financing, invoice financing and loans secured against investment securities.

In addition, the bank also offers financing for construction and real estate development, aircraft, marine vessels and art. Interest rates on secured credit facilities range from 6.22% to 8.97%. For unsecured credit, interest rates range from 22.42% to 26.75%.

A BSG Valet performing a handjob for a client in a private room

White-Glove Client Service

Valets

BSG employs teams of attractive female Valets at all its 397 branches. The role of a Valet is to attend to all of the client's personal needs, and includes serving refreshments, making internal phone calls and performing head, neck and foot massages. Additionally, handjobs and blowjobs are also offered, and may be performed nude, however sexual services are not available. Valets are not qualified to provide financial services.

The bank provides all its clients with a guarantee that a Valet will always be available to attend to them during branch visits.

Relationship Managers

Each client is assigned a personal Relationship Manager based in the same time zone. The Relationship Manager is a "financial concierge", acting as a single point of contact for all of the client's needs, and helping to coordinate services from different teams for the benefit of the client.

In addition, clients may also be serviced by Regional Relationship Managers who have oversight over a wider region that may compromise multiple cities or countries. Each Regional RM also supervises a team of 3-6 Regional Valets who travel to service clients' needs.

Management

Personal Assistant Giovanna Pisano at work at Banque Saint-Germain

Staff Demographics

Out of BSG's 4,342 employees, a total of 3,021 (69.6%) are women. This is the highest percentage of women in the workforce of any employer in the financial services industry. The bank has stated that it "believes very strongly in empowering women, and providing them with a platform to build successful and enduring careers in finance".

The female employees are deployed in the following roles:

• 3 senior management
• 26 management and administration
• 15 professional
• 58 Executive Assistants
• 786 Personal Assistants
• 29 Relationship Managers
• 1,733 Valets
• 94 general service
• 277 hospitality and catering

In terms of their geographical location, 2,072 employees (47.72%) are based in Asia, 897 (20.66%) are based in the Middle East, 882 (20.31%) are based in Europe, 218 (5.02%) are based in Africa, and 173 (3.98%) are based in North America.