Banque Heritage (Uruguay) S.A. was founded in 1981. At the time the name of the institution was "Surinvest Casa Bancaria". After its first ten years of existence, it became a fully-fledged bank. Its shareholders were six large financial institutions: IFC, Rabobank, HSBC, Wachovia, Banco BICE and Unibanco.
In 2007, Banque Heritage (Suisse) S.A. acquired part of the capital, in a move to expand internationally. With time and patience, it further acquired the remaining stake of the Uruguayan institution to become the sole shareholder in June 2010.
In an effort to stand out in the local market and to differentiate itself, Banco Surinvest underwent a rebranding exercise and was renamed Banque Heritage (Uruguay) S.A. in
The Swiss Group has since then diversified its activities in order to develop its subsidiary Banque Heritage (Uruguay) S.A. into a "Swiss private banking style" operation, leveraging on its longstanding wealth management experience. During this makeover and implementation, it did not forget to preserve and develop the unique specificities of the Uruguayan market, thus making Banque Heritage (Uruguay) S.A. a truly unique niche player.
The Uruguayan subsidiary has grown to be known in the region as an independent financial institution, combining an in-depth knowledge of local markets with the prestigious support of a global shareholder. The bank specializes in Corporate and Private banking by catering to individuals and corporations seeking to develop a long-term personal relationship, while benefiting from world-class financial products and services.
The activities of the
bank are duly supervised by the Central Bank of Uruguay and as part of the
Group subject to the Swiss Financial Market Supervisory Authority oversight.