Dutch wealth manager Van Lanschot has announced the acquisition of the private banking activities of Achmea subsidiary Staalbankiers, a private bank with offices in The Hague, Osterbeek and Zwolle.
As part of the agreement, at an initial price of €16m, Van Lanschot will take over responsibility for €1.7bn in assets under management, €280m in savings accounts as well as a set number of collateralised loans.
Willem van Duin, chairman of the executive board at Achmea comments: “This sale is in line with Achmea’s strategy to focus on our insurance activities, whilst private banking services are a core activity of Van Lanschot. The private banking activities of Staalbankiers connect organically to Van Lanschot, which is why I expect that we will be able to offer our clients a smooth transition. Moreover, Van Lanschot offers a broader range of products and services. Members of staff who will now join Van Lanschot will become part of a specialised, independent wealth manager, offering them further development opportunities.”
Richard Bruens, member of the executive board covering private Banking at Van Lanschot adds: We are very excited about the acquisition, which puts us in the position to increase our assets under management and offer our innovative asset-and wealth management strategies to an even greater number of clients.
“Professionals and specialists at Staalbankiers are working closely with wealthy individuals, entrepreneurs, professionals, foundations and organisations, which ties in perfectly to our client base. Van Lanschot is therefore well established to assist these clients with the preservation and expansion of their assets and we welcome them with open arms” he adds.
The acquisition is now subject to approval by Van Lanschot and Achmea’s respective works councils.