ABN AMRO completes Hauck Aufhäuser Lampe acquisition
Latest news
ABN AMRO completes Hauck Aufhäuser Lampe acquisition 01 July 2025Luxembourg, Germany Reporter: Justin Lawson
Image: BjörnWylezich/stock.adobe.com
ABN AMRO has completed its acquisition of Hauck Aufhäuser Lampe following regulatory approvals, creating a major German wealth management player with over €70 billion in assets under management.
The Dutch bank will operate a dual-brand strategy, with Bethmann HAL representing combined wealth management activities while ABN AMRO encompasses corporate and institutional banking, asset management, capital markets and asset servicing operations.
Hauck Aufhäuser Lampe's asset servicing business in Luxembourg and Germany will be made available group-wide to ABN AMRO's institutional client base. However, seller Fosun retains full ownership of Hauck Aufhäuser Fund Services in Luxembourg and its subsidiaries, which will continue providing fund administration services as part of the ‘one-stop-shop’ model for asset servicing clients.
The combined entity employs 2,000 staff across 18 locations in Germany and Luxembourg, positioning ABN AMRO as a top-three player in German wealth management. The bank manages approximately €240 billion in assets group-wide.
“The future merger will create a major new player in the German wealth management market and strengthens our corporate and institutional banking activities, offering a broader range of products and services to our clients,” says Marguerite Bérard, chief executive at ABN AMRO.
ABN AMRO paid €672 million at closing with a settlement adjustment based on actual book value. The acquisition excludes the fund administration business retained by Fosun.
For institutional clients, the deal expands ABN AMRO's custody and fund services capabilities across key European markets whilst maintaining established Luxembourg fund administration relationships through the retained Fosun entity.
NO FEE, NO RISK 100% ON RETURNSIf you invest in only one asset servicing news source this
year, make sure it is your free subscription to Asset Servicing Times
Image: BjörnWylezich/stock.adobe.com 