Van Lanschot Kempen receives regulatory approval for acquisition of Hof Hoorneman Bankiers
Published: 8.00 CET
Van Lanschot Kempen is pleased to announce that its regulators have issued a declaration of no objection for its takeover and proposed integration of Hof Hoorneman Bankiers into Van Lanschot Kempen.The takeover, announced on 18 August 2020, is expected to complete in January 2021.
With €2.0 billion in client assets, Hof Hoorneman Bankiers offers private banking, online wealth management and settlement-only services as its core activities. It also manages a number of own investment funds in which mostly its own clients invest.
The takeover will increase Van Lanschot Kempen’s client assets within Van Lanschot Private Banking and Evi. It also offers scope for significant economies of scale and further growth, as Hof Hoorneman Bankiers clients will be gaining access to a broader offering of products and services.
Van Lanschot Kempen expects to complete the integration of Hof Hoorneman Bankiers clients, employees and investment funds by the end of 2021.
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