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August 28, 2017updated 29 Aug 2017 1:20pm

Van Lanschot Kempen wraps up acquisition of UBS Dutch wealth business

Dutch wealth management firm Van Lanschot Kempen has completed the acquisition of UBS’ wealth management activities in the Netherlands.

The deal, announced in June 2017, adds nearly €2.6bn in assets, client relationships, employees, services and products of UBS Netherlands, which is a branch of UBS Europe.

Van Lanschot Kempen chairman of executive board Karl Guha said: “This acquisition represents a step-change in our positioning and profile in the top-end of the wealth management market. Welcoming on board as new colleagues 35 UBS professionals greatly enhances our position as a distinctive wealth manager.”

The two parties have also inked a cooperation agreement, under which Van Lanschot Kempen will gain access to UBS wealth management research and selected UBS products and services.

UBS head of wealth management Luxembourg Rene Mottas said: “UBS remains committed to the Dutch offshore wealth management market and we will continue to serve our cross-border clients out of the key hubs Luxembourg and Switzerland.”

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