The article titled: From Zurich to Nassau & Abu Dhabi: Former EFG Bankers’ Expansion can be found here.

CUB Financial Center | Lyford Cay | PO Box AP 59223 | Nassau, Bahamas

www.capitalunionoffshore.com

The post Capital Union Offshore Featured in Finews – From Zurich to Nassau & Abu Dhabi: Former EFG Bankers’ Expansion appeared first on Capital Union Offshore.

Capital Union Offshore (“CUB”) announces the appointment of Michael Paton as Chief Executive Officer effective May 1^st, 2025. Michael, a longstanding board member of CUB brings his extensive legal and financial services’ expertise to the role. Patrick Zbinden will continue as a board member, while taking on new leadership responsibilities as CEO of UCAP Group & CEO of UCAP Bahamas.

Nassau, April 16^th, 2025

Capital Union Offshore (“CUB”) is pleased to announce that Michael Paton has been appointed as Chief Executive Officer (CEO) as of May 1^st, 2025; succeeding Patrick Zbinden, who will take on new leadership responsibilities within the UCAP Group.

Michael Paton (left), a highly respected legal and financial expert, has been a member of Capital Union Offshore’s Board of Directors since 2022 and served as the company’s external legal advisor. His extensive experience in financial services, governance, and regulatory affairs positions him well to lead the company into its next phase of growth.

Patrick Zbinden (right) has been instrumental in strengthening the company’s position and advancing its strategic vision and will remain involved as a Board Member of Capital Union Offshore. As of May 1^st, 2025, he will assume the roles of CEO of UCAP Group and CEO of UCAP Bahamas.

Speaking on the transition, Mr. Lawrence “Lonnie” Howell, Co-Founder & Chairman stated:

“I would like to thank Patrick Zbinden for his tenure as CEO of Capital Union Offshore during a period of unprecedented growth and offer him best wishes in his new roles.

I am thrilled to welcome Michael Paton as CUB’s new CEO. With his proven track record of transforming Lennox Paton into the leading law firm in The Bahamas, Michael brings unmatched regulatory and legal expertise, along with a dynamic entrepreneurial spirit, making him exceptionally well-suited to build on the accomplishments of his predecessors.”

This leadership transition marks an exciting new chapter for Capital Union Offshore as it continues to evolve and strengthen its position in the international financial sector – while maintaining a commitment to excellence, innovation, and client service.

More information on our leadership team can be found here.

Michael Paton

Michael is the incoming Chief Executive Officer of Capital Union Offshore Ltd. He founded and served as Managing Partner of the leading Nassau-based law firm, Lennox Paton. At Lennox Paton, he assumed the roles of Head of Corporate and Commercial, Investment Funds and Banking and Finance Groups. He is consistently recommended in the legal directories and has been ranked in Band 1 for Chambers Global for many years, including 2025 and Chambers High Net Worth Guide since inception in 2022. Michael is former chairman of the Bahamas Financial Services Board (2002-2004), and a former commissioner of the Securities Commission of The Bahamas (2017-2024). Michael is also a qualified Certified Public Accountant (non-practicing) in the United States. He is called to the Bars of England and Wales, and the Commonwealth of The Bahamas since 1991.

Patrick Zbinden

Patrick Zbinden joined Union Capital Group in September 2021 as CEO of Capital Union Offshore Ltd. As of May 1^st, 2025, Patrick serves as UCAP Group CEO and CEO of UCAP Bahamas. Prior to joining UCAP, Patrick was the Global Co-Head of EFG Asset Management, which he co-founded in 2010, with oversight responsibility for over $30bn of assets under management, and was also the CEO of EFG Asset Management (Switzerland) SA, based in Geneva. Prior to this, he was in charge of worldwide M&A Integration activities for EFG International, which he joined in 2002. He holds a MSc in Economics from the University of Lausanne, HEC, is a CFA Charter holder as well as a certified Financial Risk Manager from the Global Association of Risk Professionals.

About Capital Union Offshore

Capital Union Offshore Ltd (“CUB”) is incorporated and headquartered in the Commonwealth of The Bahamas and is the private banking arm of the UCAP Group. Founded in 2013 by a group of renowned financiers and entrepreneurs, CUB was built on a commitment to providing first-class, innovative solutions to the capital markets and wealth management industry. CUB serves a global network of high-net-worth clients, family offices and institutional investors delivering bespoke financial solutions tailored to their unique needs. Today, the Bank services 2’000 clients worldwide with offices in North America (Nassau) and the Middle East (Abu Dhabi).

About UCAP Group

Union Capital Group (“UCAP Group”), established in 2011 by co-founders Lawrence D. Howell and Clement Ducasse, is a network of financial services companies specializing in Banking, Wealth Management, Asset Management, Capital Markets, and Wealth Planning. Its 300 professionals operate across Nassau, Miami, Bermuda, London, Geneva, Zurich, Dubai, Abu Dhabi, Taiwan, Hong Kong, and Singapore. UCAP Group is in alliance with Spirit Asset Management in Luxembourg, Union Securities Switzerland and Lake Geneva Investment Partners in Geneva, as well as Isles of Knight and Premium Life Insurance in Nassau.

About UCAP Bahamas

UCAP Bahamas Ltd (“UCAP Bahamas”), was established in 2014 as the investment arm of the UCAP Group. UCAP Bahamas is a licensed asset management, investment advisor and broker-dealer company incorporated in the Commonwealth of the Bahamas and oversees over $5bn of assets under management.

CUB Financial Center | Lyford Cay | PO Box AP 59223 | Nassau, Bahamas

www.capitalunionoffshore.com

The post Capital Union Offshore Welcomes New Chief Executive Officer Michael Paton, as Patrick Zbinden Takes Group Leadership Roles appeared first on Capital Union Offshore.

Here you can:

– take a deep dive into our Financial Performance,
– find thoughtful commentary, including remarks from our Chairman, Lawrence D. Howell & CEO, Patrick Zbinden,
– enjoy photos from our Subsidiary Office Opening in Abu Dhabi, and
– learn more about our CSR endeavors & involvement in the community.

Our detailed financial reports can be found here.

CUB Financial Center | Lyford Cay | PO Box AP 59223 | Nassau, Bahamas

www.capitalunionoffshore.com

The post 2024 Annual Report: Building on Excellence, Expanding Horizons appeared first on Capital Union Offshore.

Taurus-PROTECT is a secure, institutional-grade custody solution designed to enable banks and financial institutions to safeguard their digital assets while maintaining full sovereignty over their operations. Taurus-NETWORK creates a connected ecosystem of primarily regulated institutions that radically streamlines operations and enhances collaboration between members. Its built-in collateral management system minimizes counterparty risk, making cross-institutional interactions more secure and efficient than other alternatives.

Vassili Lavrov, Head of Product Infrastructure, said: “We have been building Taurus-NETWORK^TM step by step, and I wanted to thank our engineers for their hard work and our clients for their regular feedback. Network participants retain control of their assets and never rely on Taurus to enter or unwind transactions. Taurus-NETWORK^TM creates an ecosystem covering public and permissioned DLTs, as well as all types of assets whether cryptocurrencies, tokenised securities, and digital currencies.”

Taurus-NETWORK^TM ecosystem includes the following benefits for Taurus’ clients:

• Access to the largest interbank digital asset network: with a focus on regulated and financial institutions, participants access more than 35 banking institutions (at the time of writing) covering 4 continents and 10 countries, all digital assets ready. TN allows ecosystem participants to select the jurisdictions they want to do business with, offering flexibility and control over their counterparties. This ensures that participants and financial institutions can align their activities with their own specific regulatory requirements and strategic objectives.
• Banking-grade collateral management: TN introduces the most advanced collateral management platform in the industry, leveraging Taurus’ roots in banking and feedback from sophisticated financial institutions. As part of TN collateral management platform, participants can pledge funds or assets for instant credit to other participants. Banks can use their balance sheet to participate in syndicated loans originated by other members of the network, secured by the TN collateral management platform. Exchanges can implement seamlessly “off-exchange trading” processes with the counterparty and risk limits of their choice without moving funds from Taurus-PROTECT.
• Real-time settlement: TN optimizes the speed of settlement across on-chain and fiat railways while minimizing settlement risks through an advanced orchestration engine.
• Embedded compliance: Travel rule compliance and proof of reserves are embedded by design, and TN reduces to zero necessary manual compliance work such as proof of ownership controls or cumbersome Satoshi tests, as they are automatically and cryptographically embedded into the system;
• Automation of operations and interactions: TN reduces by >90% the operational burden of transaction management, such as identity management and whitelisting processes. TN allows network participants to have an irrevocable proof of identity as well as exchange and verify digital asset addresses automatically. Instant transfer confirmation is also possible.
• New standard in security and counterparty risk management: TN participants interact directly and electronically with each other through their Taurus-PROTECT custody instance, regardless of their set-up (on-premises, hybrid, or SaaS). TN participants can pledge collateral bilaterally without intervention from a third party, including Taurus. This makes TN collateral and liquidity management solutions the gold standard in the industry.

Rapid adoption by industry leaders

Taurus-NETWORK launches with the participation of Arab Bank Switzerland, Capital Union Offshore, Flowdesk, ISP Group, Misyon Bank, and Swissquote. Additional major financial institutions are expected to join in the first semester of 2025.

“Joining Taurus-NETWORK aligns perfectly with our commitment to innovation and operational excellence in the digital asset space. It empowers us to securely collaborate with other leading financial institutions while retaining full control over our operations. Taurus-NETWORK sets a new standard for efficiency and trust in the industry, and we’re excited to be part of it,” said Rani Jabban, Managing Director and ExCo member at Arab Bank Switzerland.

“We are excited to combine the capabilities of CUBNET, Taurus-PROTECT and Taurus-NETWORK to deliver a market-leading solution for the seamless settlement of digital assets amongst institutional players,” Patrick Zbinden, CEO at Capital Union Offshore, commented.

Thomas Jeulin, Head of Sales EMEA of Flowdesk, said: “Joining Taurus-NETWORK is a natural step for us as digital assets and traditional finance continue to converge. Providing liquidity to the largest financial institutions while unlocking new use cases in collateral management and derivatives aligns perfectly with our mission.”

“As the first neobank of Türkiye, which is among the largest crypto markets in the world, joining Taurus-NETWORK alongside leading global financial institutions is a major step forward for us, expanding our tokenization and custody solutions to global networks through top-tier partners in the ecosystem. We are eager to continue growing together,” said Dr. Önder Halisdemir, CEO of Misyon Bank.

“We are pleased to join Taurus-NETWORK. As COO, I recognize the value of technology in enabling collaboration, enhancing competitive advantage, and unlocking new business opportunities for our clients. Taurus-NETWORK fosters seamless interaction among members and builds a trusted ecosystem for digital asset activities, which continue to evolve rapidly and drive sustained growth. Leveraging the latest market innovations is essential for scaling, automating, and optimizing our operations, ensuring long-term resilience and future-proofing our business through technology-enabled strategies,” Nestor Verrier, Chief Operating Officer at Swissquote, commented.

Roy Tal, the Chairman of ISP Group, said: “Taurus-NETWORK is addressing one of the biggest challenges in digital asset markets—counterparty risk. We are proud to be part of the network, providing our clients with a seamless, secure, and transparent way to manage their liquidity and collateral.”

“Taurus-NETWORK is a pivotal milestone in Taurus’ mission to reshape the digital asset industry,” said Yann Isola, Head of Product Financial Services. “By bringing together institutions and facilitating secure, efficient, and automated operations, we are unlocking new opportunities for growth and innovation. This is just the beginning as we are planning to release innovative solutions on a regular basis.”

The network leverages Taurus’ robust relationships with global banks and market makers to create an ecosystem where regulated financial institutions retain control over their assets, while interacting electronically directly with each other. The current announcement highlights some features and participants included at the launch of Taurus-NETWORK^TM. More evolutions and solutions will be announced soon.

The full article from Taurus can also be found here.

CUB Financial Center | Lyford Cay | PO Box AP 59223 | Nassau, Bahamas

www.capitalunionoffshore.com

The post Taurus Launches First Interbank Network for Digital Asset Collaboration appeared first on Capital Union Offshore.

“Thanks to the MIS solution from Integraal for Banking, we now have increased visibility into our financial data, allowing for quicker and more informed strategic decisions. Implementing this solution marks a key milestone for the bank.”  – Mikeiko Brown-Collie, CFO of Capital Union Offshore.

This feedback – after several months of use, illustrates the strength of the partnership between Capital Union Offshore and Avaloq; and highlights Integraal for Banking’s commitment to delivering solutions tailored to the specific needs of its clients.

We are excited to see how this collaboration will continue to transform the operations of Capital Union Offshore in the coming years.

We look forward to seeing how this collaboration will continue to transform Capital Union Offshore’s operations in the years to come.

“On behalf of the entire Integraal Solutions Team, a huge thank you to the Capital Union Offshore Team and Patrick Zbinden for the trust that they have shown us throughout this project. An equally big thank you to the Avaloq Team and Charles-Antoine Robinot for their support and professionalism.” – Cédric Aeberli, CEO of Integraal Solutions.

The full article from Integraal Solutions (English & French) can be found here.

CUB Financial Center | Lyford Cay | PO Box AP 59223 | Nassau, Bahamas

www.capitalunionoffshore.com

The post Capital Union Offshore Adopts the MIS Solution from Integraal for Banking appeared first on Capital Union Offshore.

More About Egan-Jones Ratings Company

Founded in 1995, Egan-Jones has a long-established reputation for issuing timely, accurate credit ratings and services. Egan-Jones is registered with the U.S. Securities and Exchange Commission as a Nationally Recognized Statistical Rating Organization (NRSRO) for certain asset classes, and certified by both the European Securities and Markets Authority and UK Financial Conduct Authority.

CUB Financial Center | Lyford Cay | PO Box AP 59223 | Nassau, Bahamas

www.capitalunionoffshore.com

The post Capital Union Offshore’s Credit Rating From Egan-Jones: Reaffirmed Unchanged appeared first on Capital Union Offshore.

Nassau / Abu Dhabi, 21 August 2024

Capital Union Offshore Limited (“CUB”), a Bahamas-incorporated international wealth management bank, today announces the opening of its first international location with the launch of Capital Union Offshore (Middle East) Limited (“CUB ME”) in the Abu Dhabi Global Market (“ADGM”).

CUB ME, a wholly-owned subsidiary of CUB, holds a Category 1 deposit taking status and offers investment services under a Financial Services Permission granted by the ADGM Financial Services Regulatory Authority (“FSRA”).

CUB was founded in 2013 in Nassau, The Bahamas, by three visionary founders – Lawrence ‘Lonnie’ Howell, Clement Ducasse, and Ludovic Chechin-Laurans – who combined their expertise and networks to establish a new bank. The expansion into ADGM reflects the founders’ proactive approach to global banking trends and their unwavering commitment to delivering value to international clients.

Commenting on the opening, Patrick Zbinden, CEO of CUB said: “The launch of Capital Union Offshore (Middle East) Ltd. marks an important milestone in our international growth strategy. This positions our bank as the first international banking group incorporated and headquartered in The Bahamas and underscores our long-term commitment to the growth of The Bahamas financial center.”

CUB Financial Center | Lyford Cay | PO Box AP 59223 | Nassau, Bahamas

www.capitalunionoffshore.com

The post Capital Union Offshore Establishes Abu Dhabi Global Market Subsidiary appeared first on Capital Union Offshore.

The article titled: «Swiss Banking» Miracle in the Bahamas can be found here.

CUB Financial Center | Lyford Cay | PO Box AP 59223 | Nassau, Bahamas

www.capitalunionoffshore.com

The post Capital Union Offshore Featured in Finews – «Swiss Banking» Miracle in the Bahamas appeared first on Capital Union Offshore.

Here you can:
– find thoughtful commentary, including remarks from our Chairman, Lawrence D. Howell & CEO, Patrick Zbinden,
– enjoy photos from our 10 Year Anniversary Celebration,
– learn more about our CSR endeavors & involvement in the community, and
– take a deep dive into our Financial Performance.

Our detailed financial reports can be found here.

CUB Financial Center | Lyford Cay | PO Box AP 59223 | Nassau, Bahamas

www.capitalunionoffshore.com

The post 2023 Annual Report: Celebrating 10 Years of Excellence appeared first on Capital Union Offshore.

More About Egan-Jones Ratings Company

Founded in 1995, Egan-Jones has a long-established reputation for issuing timely, accurate credit ratings and services. Egan-Jones is registered with the U.S. Securities and Exchange Commission as a Nationally Recognized Statistical Rating Organization (NRSRO) for certain asset classes, and certified by both the European Securities and Markets Authority and UK Financial Conduct Authority.

CUB Financial Center | Lyford Cay | PO Box AP 59223 | Nassau, Bahamas

www.capitalunionoffshore.com

The post Capital Union Offshore Receives Credit Rating from Egan-Jones appeared first on Capital Union Offshore.