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

Thu, 15 Dec 2016 12:00:00 +0100

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.

Van Lanschot and Achmea agree sale of Staalbankiers’ private banking activities

Tue, 09 Aug 2016 07:30:00 +0200

Van Lanschot, Achmea and Staalbankiers today announced that they have reached agreement on the acquisition by Van Lanschot of Staalbankiers’ private banking activities. Staalbankiers clients and employees will be advised of the takeover today.

In addition to Staalbankiers’ private banking client relationships, Van Lanschot will acquire around €1.7 billion in assets under management, around €280 million in savings and a limited number of securities based loans. Furthermore, a total of 25 private bankers and investment experts of Staalbankiers will transfer to Van Lanschot. The deal does not involve the other activities of Staalbankiers, which include a portfolio of approximately €250 million in mortgages and 35 employees.

Van Lanschot will pay an initial acquisition price of €16 million for the activities to be acquired. The final price may be higher or lower depending on the AuM amount that will actually transfer to Van Lanschot. The transaction is subject to a number of conditions, including declarations of no-objection issued by De Nederlandsche Bank (DNB) and the completion of the employee consultation procedures involving the Van Lanschot and Achmea works councils.

Richard Bruens, Van Lanschot Executive Board member responsible for Private Banking: “We’re delighted with this acquisition, which enables us to expand our assets under management and serve even more clients with our innovative concepts for wealth planning, wealth management and advice. Staalbankiers enjoys strong positions in its market segments. Its specialists support wealthy private individuals, entrepreneurs, professionals and institutions such as charitable organisations, which are a close fit with our client groups. Van Lanschot has what it takes to help these clients to preserve and create wealth, and is very happy to welcome them aboard.”

Willem van Duin, Chairman of the Achmea Executive Board: “The sale ties in with our strategy to focus on our insurance activities. Staalbankiers’ private banking activities are a logical and natural fit with Van Lanschot, where private banking is a core activity. I’m confident we’ll be able to offer our clients a very smooth transition to a player with a broader product and service offering. The employees transferring to Van Lanschot will join a specialist, independent wealth manager offering plenty of opportunities for their development.”

Van Lanschot, Achmea and Staalbankiers expect to complete the transaction in the fourth quarter of 2016, subject to the conditions outlined above.

News

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

Van Lanschot and Achmea agree sale of Staalbankiers’ private banking activities