Credit Ratings are opinions about credit risk. Zurich, Switzerland. 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. Legend Holdings is involved in many promising industries. 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. 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. Legend Holdings Corp. engages in the business of strategic and financial investments. All Rights Reserved. In all, we replaced roughly half of our staff. Lenovo becomes an Olympic worldwide partner. The Company mainly operates through six business segments. Zum Vernetzen anmelden Banque Internationale à Luxembourg (BIL) London Business School. It compares well with the traditions and legacy of Switzerland as a financial center. 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 bank had revenue of €541 million in 2016 and €23 billion in total assets. BIL Suisse targets $11 billion in assets under management. © 2021 Forbes Media LLC. Marcel Tranchet - Lenz & Staehelin. Many talents are curious and interested in our extensive history and tradition. Why should a Chinese client choose to bank with BIL in Switzerland? IBM PCD introduces the first notebook with an integrated fingerprint reader. Commitment Commitment. The need for capital remains, and intermediation is the task of banks to ultimately make ideas, dreams and business models possible. 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. Baseball legend Hank Aaron speaks with longtime CNN anchor Larry King during a 1991 interview on "Larry King Live." 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. 1. It now expected Swiss gross domestic product to decline 3% this year, better than the 5% drop forecast in September. 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"You come for a job, you stay for a career" is not only our motto but also an everyday reality for all our employees. The announcement to acquire the Luxembourg bank was made in September 2017, and is the completed after receiving regulatory approval from the Commission de … 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. Hong Kong’s tradition isn’t as long, but similar – and one which China can benefit from. 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. Switzerland Banking and finance: Zurich. Besides corona or the U.S. elections, I’ll remember hiring more than 40 new employees last year as part of restructuring BIL Suisse. ... 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. Yes, even in a hundred years, just as they have existed in the past. Switzerland Banking and finance: Zurich. 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 the independent Venture Capital investment subsidiary under the holdings company. The new shareholders provide an element of the «new world» – including additional perspective and investment possibilities. The banking behemoth is followed by Berkshire Hathaway, Bank of America, Apple and AT&T. Culture Culture. Legend Capital is the independent Venture Capital investment subsidiary under the holdings company. To work for Legend Holdings was an exciting opportunity. The Dutchman joined BIL in November 2015. 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. Forbes Global 2000 healthcare companies are innovating their way through the COVID-19 pandemic. In 2017, Legend Holdings announced it was acquiring a 90% stake in the bank from Precision Capital for €1.484 billion. Wealthy business people who own a firm and are internationally-focused as a family. 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. In terms of clients, we’re looking for wealthy entrepreneurs with cross-border banking and business relationships. You also bid farewell to at least that number: you now employ fewer people than before. He holds a master's degree in business administration. Hotels Are Getting Crushed By Coronavirus. What does the future look like for Hong Kong’s financial center? Do you need an acquisition to get to your target of $11 billion in assets? With the full backing of our shareholders, we invested $85 million in repositioning our bank in Switzerland. We’re excited about the huge opportunity before us, to expand our business out of Switzerland. “Legend Holdings has accumulated extensive experience in the financial services industry, and has achieved a solid performance in the sector over the past years. LEGEND INVESTMENT HOLDINGS PTE. United Arab Emirates Prior to Legend Holdings, he held several leadership positions at Julius Baer, with a strong focus on the international private banking business. The pandemic undoubtedly didn’t help us expand that part of the business, but it is one of our biggest priorities. 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. «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. 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. It operates in the sector «Services for banks and credit institutions». © 2021 Forbes Media LLC. Andrea Caprara . Patrick Hünerwadel - Lenz & Staehelin. Flights between Switzerland and the two countries were halted on Monday, but the first outbound flights from Zurich to Britain resumed on Thursday. and the Middle East as well as trading floors in Luxembourg and Zurich. 2.Legend Holdings Ltd. P.O Box 116632, Dubai. How Will They Recover? «I like to say we have European roots, Swiss traditions, and Far East expertise». LTD. (the "Business") is a Private Company Limited by Shares, incorporated on 7 May 2019 (Tuesday) in Singapore. DealStreetAsia. Legend Capital, a subsidiary of Legend Holdings Ltd., has a mission to become a top-notch venture capital investor in China. The Financial Services segment offers services, including short-term financing, credit guarantees, entrusted loans, finance lease. Investment Director at Legend Holdings. Europe and particularly Switzerland have an enormous pull on many Chinese. I just moved to Switzerland from Luxembourg about one year ago, but I wouldn’t rule out moving again – including to China. 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. If this clientele is looking for some peace of mind outside China, Switzerland pops up on the map pretty fast – and Luxembourg. 2004. 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 … Besides the traditional management of assets – private banking – we are targeting an entrepreneurial clientele. Before, he held various positions at Lazard’s Financial Advisory Department, including Vice President, Associate and Analyst, since 2008. Borgh: The ecosystem around Legend Holdings is very active in the Chinese economy and actively supporting entrepreneurs in growing businesses. How does the bank cope in the midst of tensions U.S.-Chinese tensions? Practice lead Patrick Hünerwadel , who is ' a master of his profession ', and Patrick Schleiffer , who ' provides very helpful advice ', are also noted. The Information Technology (IT) segment is engaged in the development, manufactur e and sale of portable electronic products and other high-end technology products. I don’t rule out that the world could really benefit from this new start. Legend Holdings (89.936%) Luxembourg government (9.993%) Banque Internationale à Luxembourg S.A. (BIL) is the oldest private bank in Luxembourg. There’s no sugarcoating how disastrous COVID-19 has been for America’s largest airlines. Legend Holdings Corporation offers information technology services. 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. Not everything can be done electronically, especially as the world becomes increasingly complex. Huohua Siwei. Search job titles. Would you still take a job like that now? 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. I like to say we have European roots, Swiss traditions, and Far East expertise – that makes the whole thing interesting. 26 Oct 2020. «Not everything can be done electronically, especially as the world becomes more and more complex». Legend Capital, founded in April 2001, is the independent Venture Capital investment subsidiary under Legend Holdings. China’s industrial supply platform ZKH nets $315m led by YF Capital. It offers commercial and corporate banking services. $100,000,000 Venture capital (Series B) Tencent Holdings, Tiantu Capital, Susquehanna International Group (SIG), +1. Further to the announcement of 1 September 2017, Legend Holdings Corp., has received all regulatory approvals including those of the Commission de Surveillance du Secteur Financier (CSSF) and the European Central Bank (ECB) for the acquisition of Precision Capital’s 89.936% stake in Banque Internationale à Luxembourg (BIL). The number of Swiss banks is dwindling. This means it’s unlikely the market is judging the company based on earnings growth. Formed by the Chinese Academy of Sciences, Lenovo was originally Legend Computer, until the English name was changed in 2004. The Grand Duchy enables European access and, like Switzerland, maintains excellent credit ratings. 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 address of the Business's registered office is at the CAPITAL TOWER building. 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. Within: Banking and finance: Zurich . Legend announces the birth of its new "Lenovo" logo to prepare for its expansion into the overseas market. In 2015 its overseas office, responsible for all strategic direct investments outside of China, was established in Zurich. Università Bocconi, +1 more. Ph +974 50939644 . The territory will also play a key role in the so-called greater bay area with Shenzhen and Macau. Legend Holdings has businesses in five fields, IT, financial services, innovative consumption and services, agriculture and food, and new materials. The core business of Legend Capital is early-stage Venture Capital and expansion-stage Growth Capital investment. He also spent two years with ANZ Banking Group as Regional Head Affluent Banking Asia Pacific. The company was founded on 12.01.2015 and has 3 persons in its management. Switzerland stands for stability, experience, and tradition in banking as well as generally for expertise in many sectors – like watch-making. 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. It continued the footprint expansion of Chinese banks, which are now thirteen in total, the country’s third largest. Lenovo group chairman, Yang Yuanqing considers Liu as his mentor, teacher and lifelong friend. 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. DealStreetAsia +1. 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. We restructured the bank and shifted different activities from Geneva to Zurich, which led to some people leaving. VSPN. By continuing your navigation, you consent to their use. 12 Oct 2020. 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. 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. Despite a floundering oil market, Royal Dutch Shell tops the list again. Credit Ratings are opinions about credit risk. 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. He also gained vast experience in advising Swiss and international clients on various M&A and corporate finance related matters. At present, it has more than twenty member companies. Prior to Legend Holdings, he held several leadership positions at Julius Bär with a strong I do think that Europe and of course Switzerland as well can play an important role in the saber-rattling of major powers. Legend Holdings is invested in many other companies and listings through its various subsidiaries. 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. 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. Company profile page for La Poste SA including stock price, company news, press releases, executives, board members, and contact information [4] [5] In July 2018, the procedure was approved by the Luxembourg regulator (CSSF) and the European Central Bank . Sustainability – Are Banks Taking it Seriously Enough? Company profile page for Legend Investments Ltd including stock price, company news, press releases, executives, board members, and contact information Not least, we have ties to Asia and especially China thanks to our majority shareholder’s network. «We see the share of clients outside of Europe growing significantly in the coming years». Within: Banking and finance: Zurich . In this role, he is responsible for all activities out of Switzerland, which includes managing activities in China and Dubai. 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 The bank was founded in 1856. Equally, Hong Kong will benefit from an increasingly strong integration of the domestic Chinese market. Personally, I find the situation as unsettling as anyone else does. steht im Eigentum von Legend Holdings (301 Führungskräfte) 14 Führungskräfte kontaktiert werden können Lenovo Nachrichten Lenovo unter +86 105 886 8888 anrufen oder Company profile for Lenovo Group Ltd. including key executives, insider trading, ownership, revenue and average growth rates. Updated Aug 31, 2020. During the past 30 years of practice and exploration, Legend Holdings has achieved four major breakthroughs. Absolutely. About Legend Investment (Europe) AG Legend Investment (Europe) AG has its legal headquarters in Zürich and is active. 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». 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. Diversity Diversity. View detailed LEN.CH description & address. Europe and particularly Switzerland have an enormous pull on many Chinese. Prior to that, he was Chief Commercial Officer for Private Banking Asia & Middle East at ABN Amro. The bank retains its role as a financial intermediary. Two cases of the new British coronavirus variant have been detected in Switzerland and one in neighbouring Liechtenstein, the Swiss health ministry said Sunday. 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. We as Legend Holdings Ltd place ourself as "Added Value for People". What’s your client mix one year after the reorganization? The company was founded by Liu Chungzhi in November 1984 and is headquartered in Beijing, China. Despite the gloomy outlook for today’s apparel retailers, the industry titans on the 18th annual Forbes Global 2000 list seem poised to survive. “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 Company cooperates with hardware and software manufacturers and provides additional services in value-added sectors, such as high-end servers, storage, security and networks. So we’re looking for employees and teams who are active and have relationships in these markets. Legend Holdings is invested in many other companies and listings through its various subsidiaries. About Legend Investment (Europe) AG Legend Investment (Europe) AG has its legal headquarters in Zürich and is active. Forgotten Passwords: $140 Billion Bitcoin Write-Off? Within: Leading individuals . Legend Holdings is committed to the mission of serving the country and the society through building outstanding enterprises in multiple industries. 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. Switzerland Banking and finance: Zurich. We have looked at various options and the trend is definitely here to stay – we saw several transactions last year. Not everything can be shifted to a platform. Especially for entrepreneurs. The largest banks on the Forbes Global 2000 are playing a huge role as the world responds from the coronavirus pandemic. In 1988, we opened for business in Hong Kong and, within eight years, we became China’s largest PC company. But they will just look different. Philipp previously worked as an Investment Director at Legend Holdings’ Overseas Investment Department for five years. pertence à Legend Holdings (302 executivos) 14 executivos para contatar agora Lenovo notícia Ligue para a Lenovo em +86 105 886 8888 Patrick Hünerwadel - Lenz & Staehelin. 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? 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. It will continue to play an important and useful role, and remain one of the global financial centers. The company operates through IT, Financial Services, Innovative Consumption & Services, Agriculture & Food, New Materials and Financial Investments segments. 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. But this is nothing new. expertise in European real estate, mortgages, and financing which we’re using in our Swiss offering. 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. The organizational chart of Legend Holdings displays its 301 main executives including Peng Li, Yuanqing Yang and Nenghong Yu × We use cookies to provide a better service. How does your offering differ from the existing banks? 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. IBM PCD ships its 100-millionth PC (counting both desktop and notebook computers). Legend Holdings, +8 more. The biggest retailers are only getting bigger, with Walmart, Amazon and Alibaba once again claiming the top three spots on Forbes' Global 2000 list. Yes, and I don’t want to sugarcoat that. The company was founded on 12.01.2015 and has 3 persons in its management. What’s Switzerland's future look like in terms of finance? Prior to Legend Holdings, he held several leadership positions at Julius Baer, with a strong focus on the international private banking business. A Different Perspective. MMA Capital Holdings’s earnings per share are down 7.7% per year, despite strong share price performance over five years. “Financial services is one of Legend Holdings’ key target industries.” Founded in 1856, Banque Internationale à Luxembourg is the oldest private bank in Luxembourg. Very favorable – or BIL would not have expanded its capacity here to that extend. 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'. We see the share of clients outside of Europe growing significantly in the coming years. 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. It operates in the sector «Services for banks and credit institutions». Within: Leading individuals . That’s a clear sign of trust in the financial center. Will the new U.S. administration defuse the tension? Tiger Management, Legend Capital, Tencent Holdings, +9. It’s all the more important to maintain good relations to both sides in this context. 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. Within: Leading individuals . Legend Holdings General Information Description. This year’s list once again shows the diversity of top oil and gas firms. Legend Holdings Ltd. Victoria, Mahe, Seychelles. The Innovative Consumption & Services segment provides comprehensive medical and health services, logistics, car rental, digital marketing solutions of enterprises and Internet healthcare services. BIL has dedicated wealth management offices in Switzerland, Denmark. 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. «Europe and particularly Switzerland have an enormous pull on many Chinese». Will banks still exist in ten years' time? He also started his career in 1997 at ABN Amro, where he held various positions in retail and private banking in Europe, including Switzerland. It invests and holds shares of valuable enterprises through strategic investments. This made it attractive for many candidates – a smaller, more familiar organization here in Switzerland with an entrepreneurial approach. 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.