Milleis installs “accessible” wealth management at the Grand Hôtel de Toulouse
Born from the former network of the British bank Barclays, Milleis is opening a new asset management space on rue Boulbonne in the emblematic Haussmann building. The private bank wants to become the leader in Occitania.
A new player is entering the hushed world of wealth management in Toulouse. The independent French private bank Milleis has just taken up residence in the former Grand Hôtel rue de Metz, which had been covered in 1901. interior design” describes Julien Couret. The director of the Toulouse heritage space has therefore taken up residence with his twenty employees, including ten private bankers, in 500 m2 which house many private lounges to receive high-end customers. Milleis is the result of the acquisition of the private banking activities of the British Barclays in France by the Anacap fund.
From €100,000
The bank intends to democratize access to wealth management. “With us, the entry ticket to benefit from our restart advice at €100,000 compared to more than double with our competitors” slips Julien Couret. Milleis has 60,000 client families in France for 13.5 billion euros in assets under management. Customers from Occitania are addressed from Toulouse with also a “club” in Castres which offers reception upstairs. In the Milleis region manages a portfolio of 4,000 clients for €400 million in assets under management.
In addition to its “accessible” entry ticket, Milleis offers an open architecture in terms of savings products, ie it selects the best investments. Lazard, Carmignac, JP Morgan, Rothschild but also Crédit Logement or Cafpi for loans, the range is wide. In a very competitive market where brands have already opened their private bank in the Pink City such as CIC, LCL or Société Générale Milleis relies on the links with its partners (notaries, accountants, courtiers, etc.) and its support on measure with tax specialists and transmission experts “to become the leader in Occitania” slips the director. Mille’s typical client is a 48-year-old executive, company director or self-employed person.