Franco-German financial group ODDO BHF is negotiating a merger with Swiss private bank Landolt & Cie.
The consolidation awaits a regulatory nod.
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By GlobalDataLandolt’s chairman Pierre Landolt along with vice-chairman Thierry Lombard will now serve as shareholders of Oddo BHF and Landolt board members.
Set up in 1780, Lausanne-based Landolt manages over €3bn in assets.
The business has operations in Geneva as well as Zurich. currently, its staff headcount is 70.
Developments at ODDO BHF
ODDO BHF serves private clients, companies, institutional investors, as well as IFAs through its private wealth management, asset management and investment banking business lines.
In April 2018, the firm acquired ACG Capital, a French private equity firm.
In May 2018, Oddo BHF combined its asset management businesses in Germany– Oddo BHF Asset Management (Oddo BHF AM) and Frankfurt-Trust Investment.
The integration led to the formation of a €61bn business, making Oddo BHF the third largest independent asset manager in Europe.
Later in the same year, StatPro Group, a provider of portfolio analytics solutions for asset managers, snapped up the regulatory risk services bureau of ODDO BHF.
Notably, last year, ODDO BHF announced plans to exclude coal investments from sustainable portfolios.
The decision will affect nearly 12% of the firm’s assets, which is valued at €6.6bn.