Dutch private bank Van Lanschot has concluded the acquisition of the private banking activities of Staalbankiers.

Van Lanschot paid an initial purchase price of €16m for the transaction.

The deal, announced in August 2016, adds about €1.7bn in assets to Van Lanschot's books. Van Lanschot will also acquire nearly €300m in savings and a small number of securities based loans.

As part of the deal, a total of 25 private bankers and investment experts have moved to Van Lanschot from Staalbankiers. The deal does not involve any other activities of Staalbankiers.

Van Lanschot executive board member responsible for private banking Richard Bruens said: “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."

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Staalbankiers, which has offices in The Hague, Oosterbeek and Zwolle, offers asset management, savings, deposits and mortgage services. The firm became part of Achmea in 1994.