Bordier & Cie

Bordier & Cie is a Swiss private banker founded in 1844 in Geneva by Jacques Reverdin. It is the last French-speaking private banker in Switzerland. The institution holds a banking license in Switzerland, Turks and Caicos Islands and Singapore and has branches in the United Kingdom, France, Uruguay and Turks and Caicos Islands.

Bordier & Cie
TypePartnership limited by shares
IndustryPrivate banking, Wealth Management
Founded1844
Headquarters
Geneva
Number of locations
11
Area served
Worldwide
AUMCHF 13.3bn (2020)
Number of employees
250
Websitebordier.com

History
Ami Bordier, the founder of Bordier & Cie, depicted in 1910

The Bordier bank was founded in 1844 when Jaques Reverdin, who was previously employed at the Pictet bank, started the company to become a banker in Geneva.[1][2] In 1871, Reverdin's son-in-law Ami Bordier joined the company as a business broker. Upon Reverdin's death in 1895 the management of the bank was given to Bordier and the institution was renamed Bordier & Cie.[2]

Ami Bordier was joined by his two sons, Pierre and Édouard, in 1897 and 1904 respectively. In 1906, the institution relocated to number 16 rue de Hollande in Geneva, where its headquarters are located today. In 1917, Ami Bordier retired and his sons became the bank's managers.[2] Guillaume and Jacques Bordier, Pierre's sons, became partners in 1936 and Raymond, Pierre’s third son, and Edmond Bordier, Édouard’s only son, joined in 1938.[3][4] In 1966, Philippe Bordier, Jacques’ oldest son, and André Bordier, Guillaume’s son, joined the bank as partners and in 1974 they were at the head of the bank.[5]

In 1975 the bank used an IBM system to computerize and automate their banking system. The bank later adopter the Olympic software at the end of the 1980s, which allowed staff to manage clients’ accounts online.[6]

In 1992, Pierre Poncet became a partner, the first time someone outside of the Bordier family occupied this position.[7] Gaétan Bordier joined the bank in 1994, becoming the fifth generation to be employed by the company. Gregoire and Evrard, also from the fifth generation, joined as partners in 1997 and 2011, respectively.[8][9]

In August 2018 Bordier & Cie became the last private banker in Romandy.[10] In 2020, the Bordier bank changed its legal status to a partnership limited by shares which allows them to reduce the amount of taxes they pay when building their reserves. The institution maintained its status of “private banker”, the only French-speaking bank in Switzerland to have this.[11]

Structure

Bordier & Cie is headquartered in Geneva with branch offices in Nyon, Bern and Zurich. Outside of Switzerland it has branches in Paris, Brest, Rennes, London, Providenciales in the Turks and Caicos Islands, Montevideo in Uruguay and Singapore.[12] It is a member of the Swiss Private Bankers Association.[13]

Bordier & Cie operates as private bankers.[14] Their services focus on wealth management including tax advice, financial planning, and family services.[15] The bank also has an asset management branch.[16]

Subsidiaries and partnerships

In 2001 Bordier & Cie acquired a 45% share of Berry Asset Management, a private management firm in the United Kingdom. It became a majority shareholder in 2007 when it increased its share to 90% of the company.[17] In 2007 the company expanded in to Uruguay and in 2018 purchased Helvetia Advisors, a consultancy firm.[18] The bank opened in Paris in 2006 under the Bordier & Cie (France) S.A. subsidiary and opened regional offices in Brest and Rennes in 2017.[19]

Bordier & Cie opened a branch in Singapore in 2011.[9] The bank partnered with Military Commercial Joint Stock Bank in Vietnam in 2018 and they created a joint venture in 2020.[20]

Leadership

Managing Partners with unlimited personal liability
  • Grégoire Bordier[13]
  • Evrard Bordier[13]
  • Christian Skaanild[21]

Limited Partners

References
  1. Bordier (in French). 2001-01-21.
  2. Ruche, Sébastien (2019-08-01). "Ami Bordier, d'agent de change à banquier privé". Le Temps (in French). ISSN 1423-3967. Retrieved 2020-12-16.
  3. Piguet, Pierre (1994). Bordier & Cie : Souvenirs et perspectives. Geneva: Éditions Suzanne Hurter. p. 95. ISBN 9780029400319.
  4. Piguet, Pierre (1994). Bordier & Cie : Souvenirs et perspectives. Geneva: Éditions Suzanne Hurter. pp. 106–109. ISBN 9780029400319.
  5. Piguet, Pierre (1994). Bordier & Cie : Souvenirs et perspectives. Geneva: Éditions Suzanne Hurter. pp. 121–122. ISBN 9780029400319.
  6. Piguet, Pierre (1994). Bordier & Cie : Souvenirs et perspectives. Geneva: Éditions Suzanne Hurter. pp. 129–131. ISBN 9780029400319.
  7. Piguet, Pierre (1994). Bordier & Cie : Souvenirs et perspectives. Geneva: Éditions Suzanne Hurter. p. 137. ISBN 9780029400319.
  8. Bogadi, Fabienne (2011-07-04). "Les placements de Grégoire Bordier: associé de la Banque Bordier & Cie". Bilan (in French). Retrieved 2020-08-27.
  9. Lechantre, Caroline (2011-02-01). "Bordier & Cie s'installe à Singapour". Les Echos (in French). Retrieved 2020-12-20.
  10. AWP (2018-08-17). "Bordier, dernier banquier privé de Genève et fier de l'être". Bilan (in French). Retrieved 2020-12-23.
  11. Ruche, Sébastien (2020-06-29). "La banque Bordier change de structure juridique". Le Temps (in French). ISSN 1423-3967. Retrieved 2020-08-27.
  12. Bloomberg BusinessWeek
  13. "Association of Swiss Private Bankers: Bordier & Cie". Archived from the original on March 15, 2012.
  14. "Authorised banks and securities firms" (PDF). Swiss Financial Market Supervisory Authority. Retrieved 2021-01-07.
  15. "Bordier Switzerland". Bordier & Cie. Retrieved 2021-01-11.
  16. "Asset management". Bordier & Cie. Retrieved 2021-01-11.
  17. Zaki, Myret (2007-05-21). "Spécial gestion de fortune. Bordier & Cie rachète le gérant privé londonien Berry". Le Temps (in French). ISSN 1423-3967. Retrieved 2020-12-31.
  18. AWP (2018-07-30). "Bordier & Cie renforce sa présence en Uruguay". Bilan (in French). Retrieved 2020-12-31.
  19. AOF (2017-06-14). "Bordier & Cie S.A. s'implante en Bretagne" (in French). Retrieved 2021-01-04.
  20. Zaugg, Julie (2020-05-25). "La banque Bordier s'implante au Vietnam". Le Temps (in French). ISSN 1423-3967. Retrieved 2020-12-31.
  21. "Christian Skaanild rejoint Bordier & Cie en tant qu'Associé". Allnews. April 20, 2020.
  22. "Who are we? Bordier, Private Bank". Groupe Bordier & Cie. Retrieved 2021-01-25.

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