īy 2008, with different branches of the Hottinguer family involved in the ownership and management of Hottinger Group, Baron Henri Hottinger found it necessary to retake control. The remaining 30% stake was acquired in 2001 when Credit Suisse exercised its option to take 100% control of the French division. October 1997 saw Credit Suisse take a 70% stake in the French division of Hottinger Group, the original Banque Hottinguer, who changed its name to Credit Suisse Hottinguer. In 1982, Hottinger Group merged its insurance division (Drouot Groupe) with Mutuelles Unies, becoming Mutuelles Unies/Drouot which was subsequently renamed AXA in 1985. In 1981, Baron Henri Hottinger (1934–2015) sought to further expand the Hottinger Group by launching operations in London, New York, Nassau and Luxembourg, which were independently capitalised and regulated in their respective jurisdictions by the Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg, the Securities and Exchange Commission (SEC) in the US, and the Financial Conduct Authority (FCA) in the UK. In 1968, seeking to expand the family's private banking activities, Baron Henri Hottinguer (1934–2015) moved to Zurich to establish a new Swiss division of Hottinger Group, with Hottinger & Cie in Zurich launching on 13 December 1968. Société Générale de Belgique held 15%, with the private Parisian banks of Hottinger, Mirabaud, Neuflize, Mallet and Vernes capitalising this new investment bank. The Banque de l'Union Parisienne was founded on 5 January 1904, with initial capital of 40 million francs. International development Ĭaisse d'Epargne, the first French savings bank, was created in Paris in 1818 by a group of banks, financiers, social reformers, and philanthropists that included Delessert Bank, Hottinger & Cie, Joseph Marie de Gérando, Jacques Laffitte, the Duke of La Rochefoucauld-Liancourt, Rothschild Bank, and Vital Roux. Baron Rodolphe Hottinguer is in the picture, sitting on the sofa, without hat. The balcony of the Cercle de la rue Royale in Paris by Tissot.
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