Franco-German financial group Oddo BHF has merged its two existing asset management companies in Germany Oddo BHF AM GmbH and Frankfurt-Trust Investment-GmbH, effective 30 April 2018.
With this merger ODDO BHF AM combines close to €61bn in AUM and becomes the third largest independent asset manager in Europe. The aim of the merger is to create enhanced asset management capabilities in Germany by combining and strengthening the expertises of both firms across equities, fixed income and asset allocation.
After the merger ODDO BHF AM has around 300 employees and three investment centres in Paris, Düsseldorf and Frankfurt. ODDO BHF AM is offering its clients a broad spectrum of investment solutions: alpha-driven equity portfolios including stock-picking and multi-factor quantitative expertise, European credit, multi-asset solutions, long/short and total return portfolios and more recently private equity.
In addition, it will rely on incorporating ESG criteria into its portfolios. About 70% of the clients invested in the funds and strategies managed by ODDO BHF AM are large institutional players such as insurance companies, savings banks and pension funds, about 30% are private banks and distributors.
Nicolas Chaput, global CEO and co-CIO of ODDO BHF Asset Management, said: “With the merger of Frankfurt-Trust into ODDO BHF AM, we aim to strengthen our unique Franco-German asset management model. We intent to expand the premium partnership with wholesale clients while further deepening the relationship with institutional clients.”
Karl Stäcker, managing director of ODDO BHF AM and former CEO of Frankfurt-Trust commented: “With the merger we will intensify our positioning as a long-term partner for our clients providing high-quality services in every respect.”