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Regulatory authorities approve acquisition of Bankhaus Lampe by Hauck & Aufhäuser
The bank will be named Hauck Aufhäuser Lampe
The acquisition will significantly enhance the service offering for clients and the company's regional presence
Frankfurt, 10/01/2021: Following the approval of the European Central Bank (ECB) and the German Federal Financial Supervisory Authority (BaFin) as well as other regulatory authorities, the acquisition of Bankhaus Lampe by Hauck & Aufhäuser has been successfully completed. The merger creates one of Germany's leading private banks, which will in future be named Hauck Aufhäuser Lampe. With approximately 1,300 employees, over 200 billion euros in assets under management and administration, and total balance sheet assets of over 10 billion euros, the bank focuses on the four core business areas of private and corporate banking, asset management, asset servicing and investment banking.
"We are very pleased about the positive decision by the authorities. For us, this day marks a historic milestone for our growth strategy as well as for our now joint history, which starts today," said Michael Bentlage, CEO of Hauck & Aufhäuser and future Chairman of the Management Board of the new bank. "The acquisition will allow us to expand our service offerings and regional presence for our clients - especially in the areas of private and corporate banking and asset management."
The acquisition of Bankhaus Lampe includes the purchase of all shares in Bankhaus Lampe KG. This involves a complete takeover and integration of all employees, subsidiaries, clients and branches by Hauck & Aufhäuser.
The successful legal and technical migration of Bankhaus Lampe is a major cornerstone and success factor of the Strategy 2025. Core elements of the strategy include sustainable growth in all business areas through continuous further development of products and services, through genuine innovation with new products, greater use of technology and AI, and through targeted development of employees as key pillars of the company's growth path.
You can find more information here: https://www.hauck-aufhaeuser.com/en/bettertogether
Hauck & Aufhäuser is looking back on a tradition of 225 years. The bank was created through the merger of two highly traditional private banks: Georg Hauck & Sohn Bankiers, founded in Frankfurt am Main in 1796, and Bankhaus H. Aufhäuser, on the market in Munich since 1870. The two banks merged in 1998. The Management Board of the bank comprises the Chairman, Michael Bentlage, and the Management Board members, Dr. Holger Sepp and Robert Sprogies. Hauck & Aufhäuser considers itself to be both a highly traditional and, at the same time, a highly modern private bank.
From its corporate locations in Frankfurt am Main, Munich, Hamburg, Düsseldorf, and Cologne, the bank focuses on delivering holistic advisory and management services to its private and corporate clients, managing the assets of institutional investors, providing comprehensive fund services for financial and real assets in Germany, Luxembourg and Ireland, as well as the successful cooperation with independent asset managers. In addition, we offer research, sales and trading activities specializing in small and mid-cap enterprises in German-speaking countries as well as tailored services for IPOs and capital increases. The main focus of our business activities is on providing holistic and personal advice as the basis for developing tailored solutions. www.hauck-aufhaeuser.com
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