Nanyang Commercial Bank: Difference between revisions
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| data19 = H. W. Chan Family Trust (40.0%)<br>[[Chan Hon Wah |H. W. Chan]] (17.7%)<br>Sociedade de Jogos de Macau (10.5%)<br>[[Palatine Management LLC]] (6.8%)<br> | | data19 = H. W. Chan Family Trust (40.0%)<br>[[Chan Hon Wah |H. W. Chan]] (17.7%)<br>Sociedade de Jogos de Macau (10.5%)<br>[[Palatine Management LLC]] (6.8%)<br>[[Diego Toscano Moya]] (2.1%)<br>[[Mahesh Gawli]] (1.5%)<br>Others (21.4%) | ||
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Revision as of 01:26, 18 April 2025
| Nanyang Commercial Bank | |
|---|---|
| 南洋贸易银行 | |
| Financial Institution | |
 The lobby of the BSG branch in Luxembourg | |
| Company Information | |
| Incorporated | 7 January 2002 Hong Kong |
| Headquarters | Hong Kong |
| Type | Privately-held |
| Industry | Financial services |
| Chairman | H. W. Chan |
| CEO | Lewis Lam |
| Revenue | $19.21 billion (2034) |
| Pre-Tax Profit | $7.76 billion (2034) |
| Valuation | Not disclosed |
| AUM | $486.7 billion (2034) |
| Employees | 10,657 |
| Shareholders | H. W. Chan Family Trust (40.0%) H. W. Chan (17.7%) Sociedade de Jogos de Macau (10.5%) Palatine Management LLC (6.8%) Diego Toscano Moya (2.1%) Mahesh Gawli (1.5%) Others (21.4%) |
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 HornbyDirector 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.