Hamilton Reserve Bank has signed a cooperation agreement with Nicosia-based corporate finance and advisory firm SEE Capital Hamilton Ltd to develop business contacts in Cyprus, Greece and Israel.
Announced on August 6, the agreement covers independent marketing and prospective client referrals. SEE Capital Hamilton will introduce potential clients to the bank and assist with regional market research.
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The company is not a bank, branch or representative office of Hamilton Reserve Bank in Cyprus and is not licensed to accept deposits. It will not provide banking services, approve clients or open accounts.
All banking services will be provided directly by Hamilton Reserve Bank, with prospective clients subject to the bank’s due diligence and compliance procedures.
Focus On The Region
Hamilton Reserve Bank said SEE Capital Hamilton has business relationships across Cyprus, Greece and Israel, while the bank aims to increase its visibility among businesses and professionals in the region.
Chairman Sir Tony Baldry said the bank is looking to serve shipowners, businesses, lawyers, bankers, family offices and financial advisers across Southern Europe, Israel and beyond.
No Banking Branch In Cyprus
Hamilton Reserve Bank is not listed in the Central Bank of Cyprus register of domestic or foreign credit institutions and branches operating in the Republic.
Under Cyprus regulations, a credit institution licensed in a third country must obtain the relevant authorisation to operate through a local branch. The new agreement therefore does not establish a banking branch for Hamilton Reserve Bank in Cyprus.
About The Bank
Hamilton Reserve Bank is based in Nevis, part of the Federation of Saint Kitts and Nevis. According to the bank, it serves clients in around 150 countries and offers services in 126 currencies, with more than $20 billion in deposits and assets under custody.
SEE Capital Hamilton is described as a private investment and advisory company providing business development services and introducing clients to new markets.
