French financial services firm Oddo & Cie has completed the acquisition of Close Brothers Seydler Bank after receiving approval from the German financial supervisory authority BaFin.
Close Brothers Seydler Bank will be renamed as Oddo Seydler Bank and will become the investment banking arm of the Oddo Group in Frankfurt.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
Oddo Seydler’s management board will include Rene Parmantier and Holger Grober, while Parmantier, CEO of Oddo Seydler, will also become a member of the executive committee of Oddo Group’s investment bank.
Additionally, Oddo Seydler’s supervisory board will be chaired by Philippe Oddo, general partner of Oddo & Cie, and will also include two other members, Gregoire Charbit, managing partner of Oddo & Cie and Ronald Latenstein, director of international development of Oddo & Cie.
The acquisition will see Oddo & Cie becoming a Franco-German expert in the Mittelstand and small-and-medium-sized businesses domains and the combined entity seeks to provide a superior service to corporate and institutional clients.
The combined entity will also allow corporate clients in both countries to avail its advisory and placement capacity in France and Germany.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataParmantier said: "We are delighted with the new prospects that this link-up opens up for us and the opportunities it offers our clients."
