Van Lanschot Kempen to acquire €2bn banking group

Van Lanschot Kempen is set to acquire Dutch group Hof Hoorneman Bankiers, the firm has announced.

Hof Hoorneman Bankiers has €1.9bn in client assets and offers private banking, online wealth management and settlement-only services. It also manages a number of its own investment funds.

Karl Guha, chairman of Van Lanschot Kempen, said: ‘Hof Hoorneman Bankiers boasts a distinctive position in the market and offers a good fit in terms of client mix, investment policy, corporate culture and personal approach.

‘There are also major synergies to be had and we see potential for future growth. Through their current trusted Hof Hoorneman Bankiers bankers, the clients will gain access to a broader offering of products and services for the preservation and creation of their wealth.’

Jaco Aardoom, managing director of Hof Hoorneman Bankiers, added that Van Lanschot Kempen has a broader array of products and services to offer, including investment advice, financial planning and mortgages.

‘Aligning with a larger specialist private banking player will enable them to tap into lots of opportunities for their further development,’ he added.

The deal is subject to regulatory approval and expected to have only a minor impact on Van Lanschot Kempen’s capital ratio and should be completed by the end of 2020.

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