Zeist,
15
December
2016
|
12:00
Europe/Amsterdam

Van Lanschot and Achmea complete takeover of Staalbankiers’ private banking activities

On 15 December, Van Lanschot and Achmea successfully completed the acquisition byVan Lanschot of Staalbankiers’ private banking activities. All conditions of the acquisition, which had been announced on 9 August 2016, have now been met.

The acquisition adds around €1.7 billion to Van Lanschot’s assets under management and helps us to make further progress with our wealth management strategy. Richard Bruens, Van Lanschot Executive Board member responsible for Private Banking, commented: “We are delighted to welcome Staalbankiers’ clients. This acquisition is an important milestone in our AuM growth and enables us to reach even larger numbers of clients with our wide range of private banking services. Being able to welcome on board as new colleagues 25 highly qualified Staalbankiers private bankers and investment experts will serve to enhance our position as a distinctive wealth manager. We can learn a lot from each other and together create an even stronger private bank.”

Willem van Duin, Chairman of the Achmea Executive Board, added: “Staalbankiers’ private banking activities are a logical and natural fit with Van Lanschot. Our new clients should enjoy a smooth transition and benefit from a broader product and service offering. The employees transferring toVan Lanschot will be joining a specialist, independent wealth manager that offers plenty of opportunities for their development.”

Conditions met
DNB has issued declarations of no-objection to Van Lanschot and Staalbankiers, while the respective works councils have also given the go-ahead.

About the transaction
Van Lanschot is taking over private banking clients accounting for around €1.7 billion in assets under management, around €300 million in savings and a small number of securities-backed loans. In addition, 25 of Staalbankiers’ private bankers and investment experts joined Van Lanschot on 15 December. The transaction does not involve any other Staalbankiers activities. Van Lanschot paid an initial acquisition price of €16 million.

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