«I like to say we have European roots, Swiss traditions, and Far East expertise». Legend Holdings has businesses in five fields, IT, financial services, innovative consumption and services, agriculture and food, and new materials. How does the bank cope in the midst of tensions U.S.-Chinese tensions? If this clientele is looking for some peace of mind outside China, Switzerland pops up on the map pretty fast – and Luxembourg. «We see the share of clients outside of Europe growing significantly in the coming years». Swiss Re and Zurich Drop Places in Environment Ranking, Baloise Adds Mobility Startup to Its Ecosystem, J.P. Morgan Eyes Business With Small Swiss Firms, Axel Weber Heads Into Wearisome Final Year, Hui Zhang: «How to Manage Chinese Clients in Swiss Banking». It is now controlled by Legend Holdings with a registered capital of RMB 3.323 billion. Legend Holdings Corporation operates in information technology (IT), financial services, innovative consumption and services, agriculture and food, advanced manufacturing and professional services, and financial investments businesses in the People’s Republic of China and internationally. The 'reliable and prompt' team at Lenz & Staehelin advises on financing, regulatory matters and proceedings, internal investigations and fintech projects, and has 'very good knowledge of both the Swiss market and EU developments'. 17 72 Tencent Holdings Limited 36,1 19 63 China National Chemical Corporation (ChemChina) 46,3 22 99 China National Petroleum Corp (CNPC) 3,4 23 94 Sinopec - China Petrochemical Corporation. Investment Director at Legend Holdings. VP, Managing Director of Overseas Investment, Legend Holdings Zürich und Umgebung, Schweiz 500+ Kontakte. Credit Ratings are opinions about credit risk. In 1988, we opened for business in Hong Kong and, within eight years, we became China’s largest PC company. While Legend Holdings is still a major shareholder of Lenovo, it started to diversify its business away from IT around the year 2000. The Financial Investments segment is engaged in investment in the private equity and venture capital funds as a limited partner and holds interest in the general partners of certain funds. Within: Banking and finance: Zurich . Marcel Tranchet assisted Banque Internationale à Luxembourg with the transfer of a majority stake from Precision Capital to Chinese company Legend Holdings. Legend Capital, a subsidiary of Legend Holdings Ltd., has a mission to become a top-notch venture capital investor in China. It now expected Swiss gross domestic product to decline 3% this year, better than the 5% drop forecast in September. By continuing your navigation, you consent to their use. In 2017, Legend Holdings announced it was acquiring a 90% stake in the bank from Precision Capital for €1.484 billion. America's Top Givers: The 25 Most Philanthropic Billionaires, EY & Citi On The Importance Of Resilience And Innovation, Impact 50: Investors Seeking Profit — And Pushing For Change, America’s Largest Public Companies In 2020: JPMorgan Chase Leads For The Second Year In A Row, The World’s Largest Food And Restaurant Companies In 2020, World’s Largest Technology Companies 2020: Apple Stays On Top, Zoom And Uber Debut, The World’s Largest Retailers 2020: Walmart, Amazon Increase Their Lead Ahead Of The Pack. Hans-Peter Borgh, how will you remember 2020? The core business of Legend Capital is early-stage Venture Capital and expansion-stage Growth Capital investment. This made it attractive for many candidates – a smaller, more familiar organization here in Switzerland with an entrepreneurial approach. Switzerland 2015 Merger of the private banking business of KBL (Switzerland) into BIL Switzerland 2012 Precision Capital and The Grand Duchy of Luxembourg bought BIL from Dexia 2018 Legend Holdings acquires Precision apital’s stake in BIL 2019 & 2020 Developments of BIL activities in Hong Kong and China 2000 The Bank commenced its private banking activities in Denmark. “Legend Holdings has accumulated extensive experience in the financial services industry, and has achieved a solid performance in the sector over the past years. United Arab Emirates The biggest retailers are only getting bigger, with Walmart, Amazon and Alibaba once again claiming the top three spots on Forbes' Global 2000 list. VSPN. The bank retains its role as a financial intermediary. Company profile page for Legend Investments Ltd including stock price, company news, press releases, executives, board members, and contact information Zum Vernetzen anmelden Banque Internationale à Luxembourg (BIL) London Business School. Twice a week e-mail alerts from finews.com. We’re looking for at least ten to 15 private bankers. The new shareholders provide an element of the «new world» – including additional perspective and investment possibilities. Marcel Tranchet - Lenz & Staehelin. The company was founded by Liu Chungzhi in November 1984 and is headquartered in Beijing, China. Within: Leading individuals . It operates in the sector «Services for banks and credit institutions». The New Materials segment includes the fine chemicals and energy materials production services and lithium-ion battery business. You used to live and work in Hong Kong. Would you still take a job like that now? Of course, many services can be digitized, which radically changes our work and demands enormous adaptability, which ultimately makes the difference between success and failure. China, including Hong Kong, notched a record performance on this year’s Global 2000 survey of the world’s 2,000 top publicly traded companies. Beyond that, we have extensive expertise in European real estate, mortgages, and financing which we’re using in our Swiss offering. BIL Suisse mainly looked after European clientele in the past, which we’ll continue to do – especially entrepreneurs and their families. The Dutchman joined BIL in November 2015. This makes Switzerland and Luxembourg an ideal combination for our clientele of tomorrow. The company's financial investment services include equity investment in companies across various sectors such as finance, real estate, and information technology, enabling investors to … BIL Suisse targets $11 billion in assets under management. Forgotten Passwords: $140 Billion Bitcoin Write-Off? Certainly, the geopolitical situation is a lot more complex than it was – we see this manifesting the most in the U.S.-China trade conflict. Università Bocconi, +1 more. Käslin joined BIL majority shareholder Legend Holdings in early 2019 as an advisor for the strategic investments in the financial sector, with a main focus on BIL, according to a press release by BIL. The number of Swiss banks is dwindling. I’m not a political scientist, but I am optimistic. Absolutely. Before, he held various positions at Lazard’s Financial Advisory Department, including Vice President, Associate and Analyst, since 2008. The announcement to acquire the Luxembourg bank was made in September 2017, and is the completed after receiving regulatory approval from the Commission de … The remaining 90% of BIL are owned by the Chinese investment group Legend Holdings who are listed on the Hong Kong Stock Exchange and founded the Lenovo Group. It invests and holds shares of valuable enterprises through strategic investments. In terms of clients, we’re looking for wealthy entrepreneurs with cross-border banking and business relationships. pertence à Legend Holdings (302 executivos) 14 executivos para contatar agora Lenovo notícia Ligue para a Lenovo em +86 105 886 8888 Company profile page for La Poste SA including stock price, company news, press releases, executives, board members, and contact information Legend Holdings Corporation is a China-based diversified investment holding company. Diversity Diversity. Not everything can be done electronically, especially as the world becomes increasingly complex. What’s Switzerland's future look like in terms of finance? Legend Holdings Corporation (Chinese: 联想控股股份有限公司) is a Chinese investment holding company with interests in finance, real estate, and information technology, and the controlling shareholder of its better-known associate company, the Lenovo Group. The organizational chart of Legend Capital displays its 22 main executives including Hao Chen, Piau Voon Wang, Zhenxing Shao and Nan Zhang × We use cookies to provide a better service. Related by Industry: Technology Hardware & Equipment. It will continue to play an important and useful role, and remain one of the global financial centers. He also gained vast experience in advising Swiss and international clients on various M&A and corporate finance related matters. Legend Capital is now managing several USD funds and RMB funds with a total AUM of RMB45bn. The Grand Duchy enables European access and, like Switzerland, maintains excellent credit ratings. It compares well with the traditions and legacy of Switzerland as a financial center. Insurance executives from all lines of business are waiting to see the full fallout of the pandemic, and next year’s Forbes Global 2000 insurance rankings may look very different. Legend Holdings, a HK listed company and founded by Lenovo owner Li Chuan Zhi, has completed purchase of 89.93% of Banque Internationale à Luxembourg (BIL), a leading universal banking group headquartered in Luxembourg. We are at roughly $4.5 billion and our declared, ambitious goal is $11 billion – it’s not sacrosanct, but a good target. The Financial Services segment offers services, including short-term financing, credit guarantees, entrusted loans, finance lease. Liu founded Legend Holdings and focused more on investment in 2001 and it has more than 20 portfolio companies today. Legend Holdings General Information Description. It employs more than 2,000 people and, in addition to its home country, operates in Denmark, the Middle East, Sweden, and Switzerland. Very favorable – or BIL would not have expanded its capacity here to that extend. Logitech International S.A. is one of the world leaders of the design, manufacturing and marketing of the design, manufacturing and marketing of computer peripherals. and the Middle East as well as trading floors in Luxembourg and Zurich. Updated Aug 31, 2020. Within: Leading individuals . How does your offering differ from the existing banks? We can offer them know-how in capital markets financing, corporate credit, and advice, and can back it up with our Luxembourg parent’s balance sheet. DealStreetAsia. Global 2000 Highlights: Inside The Numbers Of The World’s Largest Public Companies, As The Coronavirus Crisis Continues, These Are Europe’s Largest Public Companies, Forbes Global 2000 Shows Nothing Can Stop Russia’s Oil Beasts. Prior to Legend Holdings, he held several leadership positions at Julius Baer, with a strong focus on the international private banking business. Legend Holdings is invested in many other companies and listings through its various subsidiaries. Baseball legend Hank Aaron speaks with longtime CNN anchor Larry King during a 1991 interview on "Larry King Live." LTD. (the "Business") is a Private Company Limited by Shares, incorporated on 7 May 2019 (Tuesday) in Singapore. expertise in European real estate, mortgages, and financing which we’re using in our Swiss offering. BIL has dedicated wealth management offices in Switzerland, Denmark. Switzerland Banking and finance: Zurich. This segment also makes early stage or angel investments in technology start-ups and minority investments in other entities. [4] [5] In July 2018, the procedure was approved by the Luxembourg regulator (CSSF) and the European Central Bank . Roughly half our clientele is European, the other half the Middle East, Eastern Europe, and Asia – although the share of Chinese clientele is still very small. Legend Holdings Corporation (联想控股股份有限公司) is a Chinese investment holding company with interests in finance, real estate, and information technology, and the controlling shareholder of its better-known associate company, the Lenovo Group. “Financial services is one of Legend Holdings’ key target industries.” Founded in 1856, Banque Internationale à Luxembourg is the oldest private bank in Luxembourg. The Business current operating status is live and has been operating for 1 year 248 days. "You come for a job, you stay for a career" is not only our motto but also an everyday reality for all our employees. By continuing your navigation, you consent to their use. Ph +974 50939644 . How Will They Recover? It continued the footprint expansion of Chinese banks, which are now thirteen in total, the country’s third largest. They can express a forward-looking opinion about the capacity and willingness of an entity to meet its financial commitments as they come due, and also the credit quality of an individual debt issue, such as a corporate or municipal bond, and the relative likelihood that the issue may default. Especially for entrepreneurs. Zhengqi Financial Holdings Corporation (hereinafter referred to as “Zhengqi Financial”) was established in October 2012 and wholly-owned by Legend Holdings Corporation (hereinafter referred to as “Legend Holdings”) in Hefei, Anhui Province. So we’re looking for employees and teams who are active and have relationships in these markets. Use Forbes logos and quotes in your marketing. Personally, I find the situation as unsettling as anyone else does. $100,000,000 Venture capital (Series B) Tencent Holdings, Tiantu Capital, Susquehanna International Group (SIG), +1. To work for Legend Holdings was an exciting opportunity. Why should a Chinese client choose to bank with BIL in Switzerland? In 2015 its overseas office, responsible for all strategic direct investments outside of China, was established in Zurich. Hans-Peter Borgh has been Group Head International of Banque Internationale à Luxembourg (BIL) and CEO of BIL Suisse since the beginning of 2020. Commitment Commitment. The Company mainly operates through six business segments. During the past 30 years of practice and exploration, Legend Holdings has achieved four major breakthroughs. We have looked at various options and the trend is definitely here to stay – we saw several transactions last year. In addition, BIL Group subsidiaries in Luxembourg offer specialized services: Belair House (family office and investment management), BIL Manage Invest (alternative fund management), BIL Lease (leasing solutions) and Experta Corporate and Fund … Many talents are curious and interested in our extensive history and tradition. BIL’s owners are Chinese – does this present any difficulty finding staff here in Europe, especially because for some COVID-19 is associated with China? It employs more than 2,000 people and, in addition to its home country, operates in Denmark, the Middle East, Sweden, and Switzerland. Flights between Switzerland and the two countries were halted on Monday, but the first outbound flights from Zurich to Britain resumed on Thursday. Philipp previously worked as an Investment Director at Legend Holdings’ Overseas Investment Department for five years. Two cases of the new British coronavirus variant have been detected in Switzerland and one in neighbouring Liechtenstein, the Swiss health ministry said Sunday. I do think that Europe and of course Switzerland as well can play an important role in the saber-rattling of major powers. Yes. Europe and particularly Switzerland have an enormous pull on many Chinese. «Not everything can be done electronically, especially as the world becomes more and more complex». 26 Oct 2020. Culture Culture. Average market values and profits dropped but China continued to catch up to the U.S., and high profile companies including Zoom and Slack broke into the ranks for the first time. We restructured the bank and shifted different activities from Geneva to Zurich, which led to some people leaving. In this respect, there will always be a need – in the sense of traditional merchant banking as it originated in England – for service and consulting in financial matters. We’re excited about the huge opportunity before us, to expand our business out of Switzerland. Company profile for Lenovo Group Ltd. including key executives, insider trading, ownership, revenue and average growth rates. BIL is a well-run and respected universal banking group with strong roots in Luxembourg’s history. But we have to remain open to the changes that are coming our way. The Bank provides services including investment management and private banking services, mortgage loans, mutual funds management, and credit card sponsorship. Why should a Chinese client choose to bank with BIL in Switzerland? Sources: Factset, Bloomberg, S&P Cap IQ; Forbes. Within: Banking and finance: Zurich . Forbes Global 2000 healthcare companies are innovating their way through the COVID-19 pandemic. The territory will also play a key role in the so-called greater bay area with Shenzhen and Macau. Today, there is a constant talk of digitization. In this role, he is responsible for all activities out of Switzerland, which includes managing activities in China and Dubai. Legend announces the birth of its new "Lenovo" logo to prepare for its expansion into the overseas market. “Financial services is one of Legend Holdings’ key target industries.” Founded in 1856, Banque Internationale à Luxembourg is the oldest private bank in Luxembourg. The IT segment is primarily engaged in the development, manufacturing and marketing of technology products and services for customers and enterprises. The need for capital remains, and intermediation is the task of banks to ultimately make ideas, dreams and business models possible. Legend Holdings Corporation (hereinafter referred to as “Legend Holdings”) was founded in 1984 by Liu Chuanzhi and 10 other researchers with funding from the Computing Institute of the Chinese Academy of Sciences.Starting from the IT industry, Legend Holdings has gone through the development of over three decades, and now it is a leading diversified investment holding company in China. © 2021 Forbes Media LLC. 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I like to say we have European roots, Swiss traditions, and Far East expertise – that makes the whole thing interesting. He holds a master's degree in business administration. In February 2012, Legend Capital took the new Chinese name “君联(Junlian)”. Legend Holdings, +8 more. The Innovative Consumption & Services segment provides comprehensive medical and health services, logistics, car rental, digital marketing solutions of enterprises and Internet healthcare services. The 'reliable and prompt' team at Lenz & Staehelin advises on financing, regulatory matters and proceedings, internal investigations and fintech projects, and has 'very good knowledge of both the Swiss market and EU developments'. 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