Sandra Freimuth
Head of Human Resources | Talent Management | Organisationsentwicklung | Corporate Communications l Marketing
Hauck Aufhäuser Lampe achieves another record year in 2023 and remains on course for growth
Press release
- Pre-tax profit of the HAL Group grows by 20.2 percent to around EUR 113 million
- Private bank increases income by 5.3 percent to around EUR 438 million
- Assets managed by the bank increased by EUR 15 billion to EUR 272 billion in the reporting period
- Further growth expected in 2024
Presseinformation
Frankfurt am Main, March 14, 2024 – Hauck Aufhäuser Lampe Privatbank AG has closed the 2023 financial year with excellent results, continuing its successful growth trajectory of recent years. According to preliminary calculations, the private bank generated a pre-tax profit of around EUR 113 million in the reporting period, which corresponds to an increase of 20.2 percent compared to the previous year. Income rose by 5.3 percent to around EUR 438 million. The main driver of this success was the positive development in the Private & Corporate Banking division. Hauck Aufhäuser Lampe will continue its growth strategy in the current fiscal year. This envisages expansion in all business areas.
Key figures for the past five years:
The key figures over the past five years show the following development: since 2019, income has increased at an average annual growth rate of 24%. The average growth rate for pre-tax profit was even 41% per year.
Successful development of the business units
Hauck Aufhäuser Lampe consistently drove growth in its core business areas in 2023. In the Private & Corporate Banking division, the private bank significantly expanded capacity for its clients and thus strengthened the market position of the individual branches in their respective regions. The business division's growth strategy included the so-called Next Gen and the establishment of a dedicated team for the requirements of key clients, including single and multi-family offices, entrepreneurs, successors, founders and senior executives. Other growth initiatives focused on comprehensive solutions for entrepreneurs and companies.
In the Asset Servicing division, the Bank pushed ahead with digital customer initiatives. In addition, the bank has set the course for further growth initiatives in the division by reorganizing the Luxembourg subsidiaries Hauck & Aufhäuser Fund Services (HAFS) and Hauck & Aufhäuser Alternative Investment Services (HAAS). The successful work of the division is also reflected in the top ranking of the BVI custodian statistics: Hauck Aufhäuser Lampe is among the top 10 largest custodians in Germany for the third year in a row and has grown faster than the market. In the real assets segment, the depositary even ranks third (as of December 31, 2023).
Clear growth trajectory for the 2024 financial year
Hauck Aufhäuser Lampe will continue its growth strategy in the 2024 financial year. This includes further organic and inorganic growth in the Private & Corporate Banking, Asset Servicing and Asset Management divisions as well as the expansion of the product range.
The private bank will also strengthen its capacities in Private Banking and Wealth Management and thus also its presence in the regional markets in the current year. In addition, the bank will invest in digital technologies to further optimize the client experience and enable efficiency gains through the use of artificial intelligence
About Hauck Aufhäuser Lampe Privatbank AG
HAUCK AUFHÄUSER LAMPE can look back on around 230 years of tradition. The bank emerged from the merger of three traditional private banks: Georg Hauck & Sohn Bankiers in Frankfurt am Main, founded in 1796, Bankhaus Lampe, founded in Bielefeld in 1852, and Bankhaus H. Aufhäuser, on the market in Munich since 1870. The two banks Georg Hauck and Bankhaus H. Aufhäuser merged in 1998, with Bankhaus Lampe joining in 2021. The bank's Management Board consists of the Chairman of the Management Board Michael Bentlage and the members of the Management Board Oliver Plaack, Madeleine Sander, Dr. Holger Sepp and Gordan Torbica. HAUCK AUFHÄUSER LAMPE sees itself as a traditional yet modern private bank.
The private bank focuses on the four core business areas of private and corporate banking, asset management, asset servicing and investment banking. Its business activities center on comprehensive advice and asset management for private and corporate clients, asset management for institutional investors, comprehensive fund services for financial and real assets in Germany, Luxembourg and Ireland as well as cooperation with independent asset managers. In addition, Hauck Aufhäuser Lampe offers research, sales and trading activities with a specialization in small and mid-cap companies in German-speaking countries as well as individual services for IPOs and capital increases.
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