Van Lanschot today presents an update of its strategy, as well as its trading update for the first quarter of 2016. The strategy update will be presented in full at the Investor Day held today at 1.30pm CET.
Karl Guha, Chairman: “Our clients choose Van Lanschot and Kempen as their trusted adviser to help them navigate the challenging financial and economic environment and an increasingly complex world. Their choice is informed by our key strengths: the trust and the long-term relationships that we have with our clients, and the high quality and professionalism of our people and services.
“Today we are announcing the next steps in our strategy to enhance our position as a focused, specialist and independent wealth manager. The overall direction and mission we set out three years ago remain unchanged, and we can build on a strong foundation with many elements of our transformation to wealth management now solidly in place. Today, we are moving on to the next stage of our journey to adapt to changing client needs, developments in our industry and challenging economic circumstances.
“The shift from collective to individual wealth creation in the Netherlands is one example of major forces driving our industry. In addition, new technology and digitisation are rapidly changing client requirements. We’re investing in longer-term growth initiatives in order to play into these trends. We will be focusing even more on the activities at the core of our wealth management businesses serving private and institutional clients.
“At the same time, we will continue to simplify processes and look at alternative ways to provide standardised, universal banking services such as payments and mortgage servicing. In that sense, we are moving further away from traditional banking and putting more emphasis on the areas in which we excel and can add real value for our clients.
“With this update we are well positioned to accelerate our growth, improve our returns and enhance our position as the wealth manager of choice for 2020 and beyond.”