Van Lanschot sells banking activities on Curacao and trust company to United Bank & Trust
(Thomson Reuters ONE) -
Van Lanschot has reached agreement with United Bank & Trust on the sale of its
banking activities on Curacao and its trust activities in the Netherlands,
Curacao and Jersey.
The sale is the result of Van Lanschot's decision to concentrate its
international private banking activities in Switzerland for quality and
efficiency reasons, and from now on to serve clients with international wealth
management needs from one central location. The transfer of the trust activities
stems from Van Lanschot's more exclusive focus on private banking, as a result
of which trust services are no longer considered to form part of the core
activities.
With the acquisition of Van Lanschot Curacao and the trust activities in the
Netherlands, Curacao and Jersey, United Bank & Trust is strengthening its
position in international asset management and expanding its portfolio as an
expert in trust activities. United Bank & Trust is using its own funds to
purchase the shares. The acquisition will have virtually no impact on the
solvency and liquidity of United Bank & Trust.
The agreement between Van Lanschot and United Bank & Trust provides for the
transfer of all employees of Van Lanschot Curacao (21 employees) and Trust (18
employees) to United Bank & Trust, with the aim that clients continue to be
served as far as possible by the same employees.
Van Lanschot and United Bank & Trust intend to finalise the actual transfer on
31 May 2012. The acquisition is subject to the approval of the supervisory
authorities.
's-Hertogenbosch, 25 April 2012
For more information:
Van Lanschot Media Relations: Etienne te Brake, Media Relations Manager
Telephone +31 73 548 3026; mobile phone +31 6 12 505 110; e-mail
e.tebrake(at)vanlanschot.com
Van Lanschot Investor Relations: Geraldine Bakker-Grier, Investor Relations
Manager
Telephone +31 73 548 3350; mobile phone +31 6 13 976 401; e-mail
g.a.m.bakker(at)vanlanschot.com
United Bank & Trust press contacts:
Gregory Elias, Telephone +59 99 73 66 277; e-mail gregory.elias(at)united-
itrust.com
Robert Stroeve, Telephone +31 20 575 2727; e-mail robert.stroeve(at)united-
itrust.nl
Van Lanschot NV is the holding company of F. van Lanschot Bankiers NV, the
oldest independent bank in the Netherlands with a history dating back to 1737.
The bank offers high-quality financial services to high net-worth Individuals,
entrepreneurs and their businesses and institutional investors. Van Lanschot NV
is listed on Euronext Amsterdam.
United Bank & Trust is a financial services provider established in 2006. It
forms part of the United Group which provides Corporate Services, Private Wealth
and Trust Services, Fund Services, Environmental Markets, Risk Management and
Marine & Aviation Services (www.united-ibank.com, www.united-itrust.com).
The press release can be downloaded from the following link:
Press release (PDF) :
http://hugin.info/133415/R/1606029/508847.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Van Lanschot via Thomson Reuters ONE
[HUG#1606029]
Unternehmensinformation / Kurzprofil:
Datum: 25.04.2012 - 19:07 Uhr
Sprache: Deutsch
News-ID 139263
Anzahl Zeichen: 3863
contact information:
Town:
's-Hertogenbosch
Kategorie:
Business News
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"Van Lanschot sells banking activities on Curacao and trust company to United Bank & Trust"
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