Hinduja family ranked 3rd richest in Switzerland

Hinduja family ranked 3rd richest in Switzerland Press Trust of India
London, December 4

Leading NRI Hinduja family has been ranked as the third richest family in Switzerland by a financial magazine in the country, next only to Prince Hans Adam from Liechtensein and the Latsis Family connected with banking.

According to the latest issue of the Magazine Bilan, a leading financial magazines in Switzerland, the Hindujas whose two brothers, SP Hinduja, chairman of the Hinduja Group and GP Hinduja, its president are based in London and third brother Prakash Hinduja is based in Geneva, figure third in the list of 300 richest people in the country.

In the Swiss German version of the magazine, "Bilanz", they are listed in the category of "Bankers" while in the French version, "Bilan", they are placed under the category of "Services and Commerce", with fortune worth 3 to 4 billion Swiss francs.

The family, headed by the eldest brother Srichand Hinduja, who owns the Amas Bank in Geneva, has reinforced its position in Switzerland, the report said.

The family has bought and integrated the Swiss branches of the German Schmidt Bank. This gives them foothold in Zurich, Basel, St. Magrethen, besides Luzern since last year.

They have bought a building in Zurich and two buildings in Geneva, Place de la Fusterie, where Amas Bank is installed. In Geneva, Amas has besides bought the clientele of the Banque Financiere de la Cite which has ceased its activities. They have also opened branches in Paris and in London.