Banque Havilland has five offices; these are located in Luxembourg, Liechtenstein, Monaco, the United Arab Emirates and Switzerland.

[6] A year later, in 2013, it launched its London branch[7] and acquired a majority stake in Banque Pasche (Liechtenstein) AG and 100% of shares in Pasche Bank & Trust Limited forming two new subsidiaries Banque Havilland (Liechtenstein) AG.

[12] In early August 2024, the European Central Bank withdrew Banque Havilland’s operating licence, stopping it trading in most of Europe.

An analyst with the bank, Vladimir Bolelyy created a presentation with “manipulative trading strategies” that aimed at devaluing the Qatari riyal.

A copy of the document, which was disseminated by Edmund Rowland and Bolelyy, was also provided to an official of the Abu Dhabi sovereign wealth fund.

[15] [16][17] David Rowland maintained good relationship with the UAE President Mohammed bin Zayed, who was known as “The Boss” at Banque Havilland.