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The company, which was formed last June, will be a vehicle for Andrew s family investments and will have an unlimited status, which affords it a degree of privacy, The Times reported.
It is named Lincelles, after an 18th-century battle in which the Duke of York commanded the English against the French.
The business will not have to file accounts with Companies House and can avoid disclosing its profits or income.
Andrew controls 75 per cent of the firm through the Urramoor Trust. He and Mr Keogh are listed as persons with significant control over Lincelles.
Lincelles other controller is Charles Douglas, a commercial lawyer specialising in advising offshore funds and high-net-worth individuals. Its director is Dominic Hampshire, the secretary of the QuadCentenary Club, of which the duke is chairman.
Samir Hussein / WireImage via Getty Images
Amid the storm surrounding Prince Andrew’s former associations with the convicted paedophile, Jeffrey Epstein, the Duke of York always stressed that he had been unaware of the late financier’s crimes during their friendship. Now, however, he’s been tied to another controversial character, having gone into business with banker Harry Keogh – previously the subject of workplace sexual harassment allegations.
The
Times reports the Duke of York has gone into business with former Coutts banker Harry Keogh. The financier left the Queen’s bank having been accused of inappropriately touching a female colleague while demonstrating the location of an injury, and of boasting about his sexual activities. His reputation within the workplace was reportedly so poor that some female colleagues refused to work with him.
Prince Andrew told to abandon secretive trust fund
Company set up with a disgraced former Coutts banker was not appropriate for members of the Royal family, Duke of York was advised
Prince Andrew controlled 75 per cent of the business through his Urramoor Trust
Credit: Getty
The Duke of York was forced to abandon a secretive company set up with a disgraced former Coutts banker after being advised that such financial structures were “not appropriate” for members of the Royal family, The Telegraph understands.
The company was incorporated last summer to act as a trust fund for Prince Andrew’s two daughters, Princess Beatrice and Princess Eugenie, sources claimed.
Prince Andrew sets up company with disgraced financier accused of sexual harassment cityam.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cityam.com Daily Mail and Mail on Sunday newspapers.