On October 8th, with the approval of financial regulators such as the European Central Bank and the German Federal Financial Regulatory Authority, Hauck & Aufh ä user (Hattora), a German private bank owned by 00656HK, announced the successful acquisition of Bankhaus Lampe, a German private bank. The merger will create a top private bank in Germany, and the combined company plans to formally change its name to Hauck Aufh ä user Lampe in the future.
The acquired Bankhaus Lampe, founded in 1852 and headquartered in D ü sseldorf, has a nearly 170-year history of private banking and has a large local presence in Germany. The company provides wealth management, asset management and personalized banking solutions for private, institutional and corporate clients, with offices in 13 cities in Germany, Austria, the United Kingdom and the United States. the main business includes private banking, asset management, asset services and investment banking.
The merger will create a large German private bank with more than 1300 employees, asset management supervision of more than 200 billion euros and total assets of nearly 10 billion euros.
"We are very grateful to the regulators for their strong support and recognition in the M & A process. For us, today is a witness to a new milestone in the company's development strategy, and the starting point of our new chapter begins today. " Mr. Michael Bentlage, vice president of Fosun, global partner of Fosun, CEO of Hattora, a German private bank, and chairman of the management committee of Hauck Aufh ä user Lampe in the future, commented on this. "this acquisition will expand our business segment and regional service capabilities, especially in the areas of private banking and asset management."
As a global enterprise rooted in China, Fosun began to carry out in-depth industrial operation and industrial investment layout in Germany many years ago. Fosun acquired the 220-year-old German private bank Hattora in 2016 to empower the Chinese market through Fosun's ecosystem, while Fosun also focuses on enhancing its local competitiveness and influence, thus realizing its core strategy of providing quality services to one billion families around the world. In addition, Fosun has also invested in Koller, the world's leading manufacturer of composite parts, FFT, a provider of flexible automation production line solutions, and Tom Tailor, a fast fashion brand. Under the impact of the COVID-19 epidemic, Fosun still insists on deepening the global layout, supporting member enterprises to become bigger and stronger, growing against the wind, and striving to land the world's leading business model in China to help member enterprises develop their business in China.
In response, Mr. Jin Hualong, senior vice president of Fosun and joint chief investment officer of Fosun, said: "this acquisition has forged a new growth engine for Fosun's global financial ecology, especially for private banking. Fosun's globalization ability and global network provide the best solution of 'China solution' for high-quality financial companies from Germany and overseas, as well as a more excellent choice for C-end high net worth customers. "
In the era of great wealth, private bank is the "pearl in the crown". Standing at the top of the retail comprehensive financial ecological chain, it is the intermediate hub connecting enterprises and individuals. at the same time, it can also efficiently link up investment banking, asset management, wealth management and other key links. The completion of Hattora's acquisition of Bankhaus Lampe, a German private bank, indicates that Fosun's global financial landscape has been upgraded again, and it is also a reconfirmation of its globalization ability and vision.