Shalini Hinduja ?

I have done this site especially for Shalini Hinduja
in order to visit thishousewillexist.org

Shalini Hinduja is wife of Dheeraj Hinduja (Hinduja Group)

Sorry for my poor english translation



KBC: the sale of KBL stopped by the Swiss?

Announced in late May 2010, the sale of KBL, the European network of private bank KBC based in Luxembourg, the Hinduja Group of India will not take place. Blame it on the CSSF ... or rather the Swiss supervisory authorities?

Announced in late May 2010, the sale of KBL, the European network of private bank KBC based in Luxembourg, the Hinduja Group of India will not take place. After consultation with the nine other European regulators that KBL is implanted, Constable Luxembourg (Supervisory Commission of the financial sector) has decided not to give its green light.

Involved? The lack of transparency of the structure (full of trust, it seems) of the purchaser and questions about how he intended to finance the project.

According to our information, it would not, however, Luxembourg supervisory authority which decided to block the sale but their Swiss counterparts. They do not ultimately want to see from the subsidiary in Geneva and its wealthy clients in alien hands "linked to arms trafficking," whispers one does. The CSSF should she not done its job?

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Why do employees of KBL may look serene future

May 24, 2010

efinancialcareers.lu

After long months of negotiations with several suitors in the race is finally Hinduja ("Hindujas" or "the Group") who won. The KBC Group has reached an agreement last weekend with the Indian financial group on the sale of its private banking subsidiary KBL European Private Bankers ("KBL") for a total of 1.35 billion euros.

Employees of KBL could not imagine a better buyer! Mainly for three reasons:

Maintenance teams

Both parties have committed black on white: "The label KBL, its management team and its operations will be fully maintained. KBL will remain based in Luxembourg. " In late 2009, the group employed 2,661 people, 1,050 are based in Luxembourg.
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This confirms the willingness of leaders to choose their acquirer also based on social criteria. Etienne Verwilghen, CEO of KBL, which had reported a few months ago that "The social consequences [would] be taken into account in the choice of buyer" has kept his word.

New markets are opening up to private bankers KBL

All actors in the private bank and especially wealth management have their eyes turned to Asia and the Middle East, as confirmed by the latest PwC study on the sector. Thanks to its new owner, KBL will be precisely known to grow on these growth markets such as India, the Middle East and Asia. For the 466 private bankers, this purchase is a bargain.

"Hinduja Group intends to increase the role of KBL internationally through the Group has interests in over 100 countries," he confirmed in a statement. A sympathetic approach to the Hinduja Group in respect of the management of KBL

If one believes the website Trends, "the five contenders starting Hinduja Group was the most eager to keep management in place, stretching to make this" loyalty bonuses "above what was expected at first ... "

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Anyway, Srichand P. Hinduja, chairman of Hinduja Group is full of praise for them referring to a "perfect service, provided by highly motivated." "We look forward to working with the current management of KBL, whose performance seems excellent. We will continue to invest in the business, maintaining each subsidiary and allowing KBL access to growing markets ..., "he said.

And Etienne Verwilghen making the camera: "We look forward to working closely with them to open up new markets for the bank. We are convinced that the entire private banking clients and staff of KBL, as the financial center of Luxembourg, will benefit greatly from the commitment and support of the new owner. "

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