Gregory Satnarine

Hinduja Bank (Switzerland) SA (Hinduja Bank) is the Geneva-based subsidiary of Hinduja Group India Ltd., headquartered in India. Established in 1978 to manage the funds of high -net worth individuals, the firm was registered as a bank in 1994 to increase their range of services and the security they could provide to their international client base. Hinduja Bank provides a full range of services including custodial services, portfolio management, investment banking, structured and trade finance, trust and fiduciary services, forex, precious metal dealings and stock market transactions to high-net worth individuals, institutional and retail investors. In addition to their office in Geneva, Hinduja Bank has offices in Zurich, Luzern, London and Paris and has additional subsidiaries worldwide.

Merrill Lynch Bank (Suisse) SA (MLBS) is the private banking subsidiary of Bank Julius Baer & Co. AG, itself a subsidiary of Julius Baer Gruppe AG (SW: BAER) in Switzerland. Merrill Lynch has a presence in Switzerland since 1952. MLBS became part of Merrill Lynch in 1984 and was previously known as American Fletcher Bank. The bank is based in Geneva with a twin office in Zürich and additional offices worldwide. MLBS specializes in the discretionary management of multi-currency and multi-national portfolios. Their primary clients are high-net worth individuals and family offices.