Van Lanschot Bankiers België NV acquires 100% of the shares in Buttonwood Vermogensbeheerders NV. With this acquisition, Van Lanschot strengthens its position as a bank for high-net-worth individuals in Belgium. The shares will be transferred today, 1 October 2008.
Buttonwood, an asset manager established in 1999, has a total of 400 million in assets under management. From its branches in Kortrijk and Bruges, Buttonwood targets Belgian-based high-net-worth individuals, recording major growth over the past few years. Philip Forman, Delegated Director of Buttonwood: "Now that Buttonwood has been acquired by Van Lanschot, our clients are ideally connected for the future. Our choice to be acquired by Van Lanschot was clearly determined by the respect that Van Lanschot has for the classic and independent approach to clients' investment issues, Van Lanschot's reputation and their expertise in the area of open architecture."
Van Lanschot Belgium
Van Lanschot Belgium is developing more and more into the independent adviser par excellence for high-net-worth individuals in Belgium. It also counts wealthy Dutch people who reside in Belgium among its clients. Gerrit Verlodt, Chairman of the Executive Committee of Van Lanschot Belgium: "The acquisition of Buttonwood is perfectly in keeping with the Van Lanschot strategy, which considers Belgium as its second home market. We plan to further build on our position in Belgium as a bank for high-net-worth individuals by achieving robust organic growth and making selective acquisitions such as this one."
's-Hertogenbosch, the Netherlands, 1 October 2008
Van Lanschot Media Relations: Etienne te Brake, Corporate Communication spokesperson
Van Lanschot Investor Relations: Geraldine Bakker-Grier, Investor Relations Manager
Van Lanschot Belgium: Gerrit Verlodt, Chairman of the Executive Committee
Telephone +32 (0)3 286 43 22; mobile +32 (0)4 75 546 218; fax +32 (0)3 286 78 01
Van Lanschot NV is the holding company of F. van Lanschot Bankiers NV, the oldest independent bank in the Netherlands with a history dating back to 1737. Van Lanschot focuses on three target groups: high net-worth individuals, medium-sized businesses (including family businesses) and institutional investors. In Belgium, Van Lanschot focuses on high-net-worth individuals. Van Lanschot stands for high-quality services founded on integrated advice, personal service and customised solutions. Van Lanschot NV is listed on the Euronext Amsterdam Stock Market.
The press release can be downloaded from the following link: