This makes Switzerland and Luxembourg an ideal combination for our clientele of tomorrow. The company was founded by Liu Chungzhi in November 1984 and is headquartered in Beijing, China. LTD. (the "Business") is a Private Company Limited by Shares, incorporated on 7 May 2019 (Tuesday) in Singapore. Sources: Factset, Bloomberg, S&P Cap IQ; Forbes. But supply is still scarce, so we hope that we’ll see more opportunities coming up. We’d like to reach it organically, but we don’t rule out acquiring another financial firm. Zum Vernetzen anmelden Banque Internationale à Luxembourg (BIL) London Business School. Legend Holdings, +8 more. Company profile page for Legend Investments Ltd including stock price, company news, press releases, executives, board members, and contact information Despite a floundering oil market, Royal Dutch Shell tops the list again. But we have to remain open to the changes that are coming our way. 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. The Financial Services segment offers services, including short-term financing, credit guarantees, entrusted loans, finance lease. We are at roughly $4.5 billion and our declared, ambitious goal is $11 billion – it’s not sacrosanct, but a good target. The biggest retailers are only getting bigger, with Walmart, Amazon and Alibaba once again claiming the top three spots on Forbes' Global 2000 list. Legend Holdings is involved in many promising industries. The Company mainly operates through six business segments. For a private bank that is focused on entrepreneurs and seeking to grow in China, that is a huge help in terms of connections and in terms of potential introductions. Besides the traditional management of assets – private banking – we are targeting an entrepreneurial clientele. Within: Banking and finance: Zurich . MMA Capital Holdings’s earnings per share are down 7.7% per year, despite strong share price performance over five years. The company operates through IT, Financial Services, Innovative Consumption & Services, Agriculture & Food, New Materials and Financial Investments segments. I’m not a political scientist, but I am optimistic. Forbes Global 2000: Pandemic Will Roil The Insurance Sector, Global 2000: Saudi Aramco Debuts As World’s Largest Oil Company While Industry Reels From Crisis, Forbes Global 2000 Shows India Punching Well Below Its Weight, The World’s Largest Banks 2020: Mega-Sized Lenders Deal With Coronavirus Fallout, The World’s Largest Apparel Companies 2020: LVMH On Top While Nike Gains Foothold, IPOs Help Lift China To Record On Forbes Global 2000 List, Medtronic, Abbott, Thermo Fisher Are The World’s Largest Healthcare Companies In 2020, World’s Largest Transportation Companies 2020: Coronavirus Devastates Major Airlines. 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. Liu founded Legend Holdings and focused more on investment in 2001 and it has more than 20 portfolio companies today. By continuing your navigation, you consent to their use. 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. Switzerland Banking and finance: Zurich. Company profile page for La Poste SA including stock price, company news, press releases, executives, board members, and contact information Technology’s influence on the global economy continued to grow as it put a record 161 companies on Forbes’ annual Global 2000, measuring the largest public companies in the world in 2020. Legend Holdings Ltd. Victoria, Mahe, Seychelles. Company profile for Lenovo Group Ltd. including key executives, insider trading, ownership, revenue and average growth rates. I just moved to Switzerland from Luxembourg about one year ago, but I wouldn’t rule out moving again – including to China. The largest transaction was the Legend Holdings acquisition of 89.9% of Banque Internationale à Luxembourg S.A. from Precision Capital, implying a €1.65 billion equity value. The bank retains its role as a financial intermediary. Since the change in EPS doesn’t seem to correlate with the change in share price, it’s worth taking a look at other metrics. The Dutchman joined BIL in November 2015. © 2021 Forbes Media LLC. The Company cooperates with hardware and software manufacturers and provides additional services in value-added sectors, such as high-end servers, storage, security and networks. The New Materials segment includes the fine chemicals and energy materials production services and lithium-ion battery business. Legend Capital is now managing six USD funds and three RMB funds with AUM over RMB20 bn, and focuses on innovation and growth enterprises with operations in China or related to China. A Different Perspective. Università Bocconi, +1 more. Related by Industry: Technology Hardware & Equipment. Legend Holdings' share price rose slightly by 1.09% to close at 23.10 yuan on that day; on July 6, Legend Holdings accepted an exclusive interview with "Chinese Entrepreneur Magazine" and revealed various details of the acquisition process. DealStreetAsia. IBM PCD ships its 100-millionth PC (counting both desktop and notebook computers). «Not everything can be done electronically, especially as the world becomes more and more complex». Europe and particularly Switzerland have an enormous pull on many Chinese. BIL has dedicated wealth management offices in Switzerland, Denmark. In terms of clients, we’re looking for wealthy entrepreneurs with cross-border banking and business relationships. Huohua Siwei. Legend Holdings Corporation is a China-based diversified investment holding company. It offers commercial and corporate banking services. Legend Capital is the independent Venture Capital investment subsidiary under the holdings company. The core business of Legend Capital is early-stage Venture Capital and expansion-stage Growth Capital investment. I do think that Europe and of course Switzerland as well can play an important role in the saber-rattling of major powers. [1] Formed by the Chinese Academy of Sciences, [2] Lenovo was originally Legend Computer, until the English name was changed in 2004. Absolutely. 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'. The Grand Duchy enables European access and, like Switzerland, maintains excellent credit ratings. Legend Capital, a subsidiary of Legend Holdings Ltd., has a mission to become a top-notch venture capital investor in China. All Rights Reserved. Practice lead Patrick Hünerwadel , who is ' a master of his profession ', and Patrick Schleiffer , who ' provides very helpful advice ', are also noted. 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Chinese esports provider VSPN raises $100m led by Tencent. We have looked at various options and the trend is definitely here to stay – we saw several transactions last year. Legend Holdings is committed to the mission of serving the country and the society through building outstanding enterprises in multiple industries. Switzerland Banking and finance: Zurich. Patrick Hünerwadel - Lenz & Staehelin. DealStreetAsia +1. While Legend Holdings is still a major shareholder of Lenovo, it started to diversify its business away from IT around the year 2000. 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». China’s industrial supply platform ZKH nets $315m led by YF Capital. 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. Within: Banking and finance: Zurich . We’re excited about the huge opportunity before us, to expand our business out of Switzerland. 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. 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. Not least, we have ties to Asia and especially China thanks to our majority shareholder’s network. In this respect, I am not pessimistic. During the past 30 years of practice and exploration, Legend Holdings has achieved four major breakthroughs. The new shareholders provide an element of the «new world» – including additional perspective and investment possibilities. He holds a master's degree in business administration. There’s no sugarcoating how disastrous COVID-19 has been for America’s largest airlines. Switzerland Banking and finance: Zurich. «Europe and particularly Switzerland have an enormous pull on many Chinese». In this role, he is responsible for all activities out of Switzerland, which includes managing activities in China and Dubai. BIL is a well-run and respected universal banking group with strong roots in Luxembourg’s history. Lenovo becomes an Olympic worldwide partner. expertise in European real estate, mortgages, and financing which we’re using in our Swiss offering. Forbes Global 2000 healthcare companies are innovating their way through the COVID-19 pandemic. It’s good to see that MMA Capital Holdings has rewarded shareholders with … Europe and particularly Switzerland have an enormous pull on many Chinese. © 2021 Forbes Media LLC. If it had a slogan, it would be similar to that of the U. S. Post Office: nor rain, nor Siberian ice, nor negative futures can take Russia’s state owned oil firms off the Forbes Global 2000 list. Why should a Chinese client choose to bank with BIL in Switzerland? Twice a week e-mail alerts from finews.com. This made it attractive for many candidates – a smaller, more familiar organization here in Switzerland with an entrepreneurial approach. BIL Suisse mainly looked after European clientele in the past, which we’ll continue to do – especially entrepreneurs and their families. Lenovo group chairman, Yang Yuanqing considers Liu as his mentor, teacher and lifelong friend. Surging annual profit at Nestle has helped the water and chocolate giant take back the title of the's world's largest food company—a title it held for a decade before Anheuser-Busch InBev temporarily dethroned it last year. Borgh: The ecosystem around Legend Holdings is very active in the Chinese economy and actively supporting entrepreneurs in growing businesses. Prior to Legend Holdings, he held several leadership positions at Julius Baer, with a strong focus on the international private banking business. «I like to say we have European roots, Swiss traditions, and Far East expertise». Use Forbes logos and quotes in your marketing. Legend Holdings Corp. engages in the business of strategic and financial investments. What does the future look like for Hong Kong’s financial center? So we’re looking for employees and teams who are active and have relationships in these markets. Legend Holdings Ltd. Jan 2015 - Present 6 years 1) Contracts Management: Managing contract with customer/user on supply of spares and services, sales of new equipment and parts and maintaining and managing stock level and payment from customers. [4] [5] In July 2018, the procedure was approved by the Luxembourg regulator (CSSF) and the European Central Bank . Legend Capital is now managing six USD funds and three RMB funds with AUM over RMB20 bn, and focuses on innovation and growth enterprises with operations in China or related to China. “Financial services is one of Legend Holdings’ key target industries.” Founded in 1856, Banque Internationale à Luxembourg is the oldest private bank in Luxembourg. Within: Banking and finance: Zurich . Credit Ratings are opinions about credit risk. Search job titles. It continued the footprint expansion of Chinese banks, which are now thirteen in total, the country’s third largest. Prior to that, he was Chief Commercial Officer for Private Banking Asia & Middle East at ABN Amro. We as Legend Holdings Ltd place ourself as "Added Value for People". Culture Culture. Do you need an acquisition to get to your target of $11 billion in assets? 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. $100,000,000 Venture capital (Series B) Tencent Holdings, Tiantu Capital, Susquehanna International Group (SIG), +1. But this is nothing new. Legend announces the birth of its new "Lenovo" logo to prepare for its expansion into the overseas market. 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 … The IT segment is primarily engaged in the development, manufacturing and marketing of technology products and services for customers and enterprises. Beyond that, we have extensive expertise in European real estate, mortgages, and financing which we’re using in our Swiss offering. This segment also makes early stage or angel investments in technology start-ups and minority investments in other entities. Our mission: Legend Holdings Limited is to become a vertically integrated energy company covering all aspects of the energy trade value chain- covering services, supply, trading, marketing and distribution whilst building a foundation for upstream and downstream services Diversity Diversity. banking, insurance brokerage services, payment and Internet finance and trusts and customized financial solutions to customers. Hans-Peter Borgh has been Group Head International of Banque Internationale à Luxembourg (BIL) and CEO of BIL Suisse since the beginning of 2020. 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. In 2015 its overseas office, responsible for all strategic direct investments outside of China, was established in Zurich. pertence à Legend Holdings (302 executivos) 14 executivos para contatar agora Lenovo notícia Ligue para a Lenovo em +86 105 886 8888 He also gained vast experience in advising Swiss and international clients on various M&A and corporate finance related matters. Marcel Tranchet - Lenz & Staehelin. The banking behemoth is followed by Berkshire Hathaway, Bank of America, Apple and AT&T. Investment Director at Legend Holdings. 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. He also started his career in 1997 at ABN Amro, where he held various positions in retail and private banking in Europe, including Switzerland. How does your offering differ from the existing banks? We see the share of clients outside of Europe growing significantly in the coming years. Marcel Tranchet assisted Banque Internationale à Luxembourg with the transfer of a majority stake from Precision Capital to Chinese company Legend Holdings. But they will just look different. If there is one takeaway that can be had in regards to India in this year’s list of the largest 2,000 corporations in the world, it is that she is punching well below her weight. 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 … Why should a Chinese client choose to bank with BIL in Switzerland? "You come for a job, you stay for a career" is not only our motto but also an everyday reality for all our employees. Will the new U.S. administration defuse the tension? If this clientele is looking for some peace of mind outside China, Switzerland pops up on the map pretty fast – and Luxembourg. 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. Legend Holdings Corporation is a China-based diversified investment holding company. Baseball legend Hank Aaron speaks with longtime CNN anchor Larry King during a 1991 interview on "Larry King Live." Legend Holdings Corp. engages in the business of strategic and financial investments. 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. The Business current operating status is live and has been operating for 1 year 248 days. Our journey began humbly in 1984 at a guardhouse in China, when Legend Holdings was formed with an investment of just RMB 200,000 (US$ 25,000). Hotels Are Getting Crushed By Coronavirus. It operates in the sector «Services for banks and credit institutions». Ph +974 50939644 . Yes. Not least, we have ties to Asia and especially China thanks to our majority shareholder’s network. All Rights Reserved. This free interactive report on MMA Capital Holdings’s balance sheet strength is a great place to start, if you want to investigate the stock further. It employs more than 2,000 people and, in addition to its home country, operates in Denmark, the Middle East, Sweden, and Switzerland. Especially for entrepreneurs. Prior to Legend Holdings, he held several leadership positions at Julius Baer, with a strong focus on the international private banking business. «We’d like to reach it organically, but we don’t rule out acquiring another financial firm,» says CEO Hans-Peter Borgh, the bank's CEO, in an interview with finews.com. Legend Capital, founded in April 2001, is the independent Venture Capital investment subsidiary under Legend Holdings. In all, we replaced roughly half of our staff. Switzerland stands for stability, experience, and tradition in banking as well as generally for expertise in many sectors – like watch-making. Not everything can be shifted to a platform. It compares well with the traditions and legacy of Switzerland as a financial center. We restructured the bank and shifted different activities from Geneva to Zurich, which led to some people leaving. But since we reorganization under our new main shareholder, we have a stronger focus on so-called new markets like Eastern Europe, the Middle East, Asia and China in particular. Legend Holdings Corporation offers information technology services. Lenovo Zurich, Switzerland Reviews. 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. Provider of financial investment services. 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. It’s all the more important to maintain good relations to both sides in this context. The bank had revenue of €541 million in 2016 and €23 billion in total assets. Forgotten Passwords: $140 Billion Bitcoin Write-Off? About . Patrick Hünerwadel - Lenz & Staehelin. The announcement to acquire the Luxembourg bank was made in September 2017, and is the completed after receiving regulatory approval from the Commission de … About Legend Investment (Europe) AG Legend Investment (Europe) AG has its legal headquarters in Zürich and is active. How does the bank cope in the midst of tensions U.S.-Chinese tensions? 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. Legend Capital is now managing several USD funds and RMB funds with a total AUM of RMB45bn. Within: Leading individuals . 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 INVESTMENT HOLDINGS PTE. Flights between Switzerland and the two countries were halted on Monday, but the first outbound flights from Zurich to Britain resumed on Thursday. By continuing your navigation, you consent to their use. 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. 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. To work for Legend Holdings was an exciting opportunity. Commitment Commitment. Legend Holdings is invested in many other companies and listings through its various subsidiaries. Also Holding AG is a Switzerland-based information and communications technology (ICT) company that focuses on information technology (IT), consumer electronics (CE), and telecommunication products. Sustainability – Are Banks Taking it Seriously Enough? Personally, I find the situation as unsettling as anyone else does. Besides corona or the U.S. elections, I’ll remember hiring more than 40 new employees last year as part of restructuring BIL Suisse. 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. Today, there is a constant talk of digitization. ... Our journey began humbly in 1984 at a guardhouse in China, where Legend Holdings formed with an investment of just RMB 200,000 (US... – More. This means it’s unlikely the market is judging the company based on earnings growth. 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. I like to say we have European roots, Swiss traditions, and Far East expertise – that makes the whole thing interesting. He also spent two years with ANZ Banking Group as Regional Head Affluent Banking Asia Pacific. The Bank provides services including investment management and private banking services, mortgage loans, mutual funds management, and credit card sponsorship. Tiger Management, Legend Capital, Tencent Holdings, +9. The company was founded on 12.01.2015 and has 3 persons in its management. 2004. 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'. 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 is now controlled by Legend Holdings with a registered capital of RMB 3.323 billion. The Agriculture & Food segment is mainly engaged in planting and sales of premium fruit and tea products; produces and sells various Chinese liquor brands; provides sea foods and accessory products; and engages in agriculture-oriented e-commerce platform and liquor direct sales chain. «Hong Kong will benefit from an increasingly strong integration of the domestic Chinese market». Legend Holdings General Information Description. It invests and holds shares of valuable enterprises through strategic investments. 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. 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'. Legend Capital is the independent Venture Capital investment subsidiary under the holdings company. United Arab Emirates Philipp previously worked as an Investment Director at Legend Holdings’ Overseas Investment Department for five years. 12 Oct 2020. But digitization – for all its merits – is no substitute for what we bankers do. Wealthy business people who own a firm and are internationally-focused as a family. You used to live and work in Hong Kong. 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. I don’t rule out that the world could really benefit from this new start. Yes, even in a hundred years, just as they have existed in the past. Käslin, of Swiss nationality, 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. The territory will also play a key role in the so-called greater bay area with Shenzhen and Macau. The need for capital remains, and intermediation is the task of banks to ultimately make ideas, dreams and business models possible. In 2004, we were renamed Lenovo. What’s Switzerland's future look like in terms of finance? The Company mainly operates through six business segments. and the Middle East as well as trading floors in Luxembourg and Zurich. Two cases of the new British coronavirus variant have been detected in Switzerland and one in neighbouring Liechtenstein, the Swiss health ministry said Sunday. Before, he held various positions at Lazard’s Financial Advisory Department, including Vice President, Associate and Analyst, since 2008. Seven out of ten hotel rooms are empty across the country, and the industry has lost more than $21 billion in revenue and nearly 4 million jobs. IBM PCD introduces the first notebook with an integrated fingerprint reader. How Will They Recover? «We see the share of clients outside of Europe growing significantly in the coming years». In 1988, we opened for business in Hong Kong and, within eight years, we became China’s largest PC company. It employs more than 2,000 people and, in addition to its home country, operates in Denmark, the Middle East, Sweden, and Switzerland.