BEMO Europe – Banque Privée was established, as a universal bank, in Brussels in 1973. Since then, the banking group has significantly developed. In 1976, the bank’s Holding EMIC SA, owned solely by private families, was established in Luxembourg. 1973 witnessed the opening of a first branch in Paris. In 1984, the bank launched its operations in Luxembourg. In 1998, The Board defined “Private Banking” as the principal activity for the European banking Group. In2011, the bank widened its Private Banking activities to include “Wealth Management”. In 2013, BEMO Luxembourg became the Head Office for the bank’s European based activities. In 2014, BEMO acquired 100% of the shares of BEMO Oddo in Dubai and renamed the DIFC entity “BEMO Investment Firm ltd”.
The bank’s major segment and clientele originates mainly from the Middle East. The ever-growing needs of this region’s clientele for private banking products and services in Europe underlines the focus of BEMO on Private Banking and Wealth Management.
In 2013 and in line with this strategy, BEMO Europe – Banque Privée transferred its Head Office to the renowned financial center of Luxembourg.
The Bank is regulated by the Commission de Surveillance du Secteur Financier (CSSF), Luxembourg, while the Paris branch is regulated by the Autorité de Contrôle Prudentiel (ACP) in addition to the French Financial Market Authority (AMF).
These attributes, along with a tradition of prudent albeit innovative banking, bestow strength and stability to the bank.
BEMO Europe’s main activities include: Wealth Management; Financial Estate Planning; Family Office Services Asset Allocation; Portfolio Advisory and Management; Cash Management; Credit and Loan Accounts (Lombard, property, personal);Treasury; Foreign Exchange operations; Fiduciary Operations; Wealth Structuring; Domiciliation and Management