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Hauck Aufhäuser Lampe: Dutch ABN AMRO becomes new owner of the private banking house

04. July 2024

Reading time: 4 Minutes

  • ABN AMRO acquires all shares in Hauck Aufhäuser Lampe subject to regulatory approval
  • Combination of Hauck Aufhäuser Lampe with Bethmann Bank creates one of the leading wealth management providers in Germany
  • Luxembourg and Irish subsidiaries HAFS, HAAS and HALFI remain with previous owner Fosun International and pursue independent growth strategy

Frankfurt am Main 28. Mai 2024 – Hauck Aufhäuser Lampe AG ("HAL") will have a new owner with the Dutch banking group ABN AMRO Bank N.V. ("ABN AMRO"), based in Europe and with international reach. ABN AMRO today announced a purchase agreement with Fosun International.

The combination of HAL and Bethmann Bank, ABN AMRO's German wealth management business, will create one of the leading providers in wealth management. The combined entity will have assets under management of around €70bn, making it by far the third largest provider of wealth management solutions in Germany. At the same time, a leading provider of banking services in Germany for family businesses and German SMEs will be created. The comprehensive range of services offered by ABN AMRO Bank N.V. Frankfurt Branch will also expand the services for institutional clients in the areas of asset management and investment banking.

"Hauck Aufhäuser Lampe has written an unprecedented growth story in recent years. Thanks to our dedicated employees and our strong culture of innovation, we are now a leading player in the German private banking market. With ABN AMRO, we now have a strong European owner and are taking the next significant step towards growth. With our activities, we are reaching a scale in which we are clearly expanding our range of services for our clients and creating even greater added value."

Michael Bentlage, CEO of Hauck Aufhäuser Lampe Privatbank AG