Van Lanschot presents strategy update 2020
(Thomson Reuters ONE) -
's-Hertogenbosch, the Netherlands, 26 April 2016
- Van Lanschot enters the next phase of its wealth management strategy: building
on a strong foundation, adapting to a changing world, taking advantage of
opportunities this offers and creating value for clients
- Key strategic themes for core activities:
* Private Banking: enhance client experience through omnichannel service model
and focus on increased front-line effectiveness
* Evi van Lanschot: to become separate segment for self-directed clients,
playing into the trend towards increased individual responsibility for
pensions, healthcare and other needs at all levels of society
* Asset Management: realise growth from strong position by launching new
strategies, intensifying distribution and developing UK as second home
market
* Merchant Banking: building on a solid, sustainable position in selected
niches with a capital-light operating model
- Launch of ?60 million investment program for the 2016-2019 period to implement
omnichannel private bank and finalise transformation of IT landscape
- Efficiency gains to result from partnerships for standardised universal
banking services, streamlining of operations and support functions, and transfer
to omnichannel private banking service model
- Continued run-off of the Corporate Bank to result in capital release
- 2020 financial targets and revised capital and dividend policy defined
Van Lanschot today presents an update of its strategy, as well as its trading
update for the first quarter of 2016. The strategy update will be presented in
full at the Investor Day held today at 1.30pm CET.
Karl Guha, Chairman: "Our clients choose Van Lanschot and Kempen as their
trusted adviser to help them navigate the challenging financial and economic
environment and an increasingly complex world. Their choice is informed by our
key strengths: the trust and the long-term relationships that we have with our
clients, and the high quality and professionalism of our people and services.
"Today we are announcing the next steps in our strategy to enhance our position
as a focused, specialist and independent wealth manager. The overall direction
and mission we set out three years ago remain unchanged, and we can build on a
strong foundation with many elements of our transformation to wealth management
now solidly in place. Today, we are moving on to the next stage of our journey
to adapt to changing client needs, developments in our industry and challenging
economic circumstances.
"The shift from collective to individual wealth creation in the Netherlands is
one example of major forces driving our industry. In addition, new technology
and digitisation are rapidly changing client requirements. We're investing in
longer-term growth initiatives in order to play into these trends. We will be
focusing even more on the activities at the core of our wealth management
businesses serving private and institutional clients.
"At the same time, we will continue to simplify processes and look at
alternative ways to provide standardised, universal banking services such as
payments and mortgage servicing. In that sense, we are moving further away from
traditional banking and putting more emphasis on the areas in which we excel and
can add real value for our clients.
"With this update we are well positioned to accelerate our growth, improve our
returns and enhance our position as the wealth manager of choice for 2020 and
beyond."
Please refer to the attachment to read the press release in full.
ADDITIONAL INFORMATION
As of 1.30pm CET today, the presentation and the webcast of the Investor Day
covering this strategy update will be available on our website:
https://corporate.vanlanschot.nl/investorday
Media Relations: +31 20 354 45 85; mediarelations(at)vanlanschot.com
Investor Relations: +31 20 354 45 90; investorrelations(at)vanlanschot.com
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.
Van Lanschot, a wealth manager operating under the Van Lanschot and Kempen & Co
brand names, is active in Private Banking, Asset Management and Merchant
Banking, with the aim of preserving and creating wealth for its clients. Van
Lanschot NV is listed on Euronext Amsterdam.
Disclaimer and cautionary note on forward-looking statements
This document contains forward-looking statements on future events. These
forward-looking statements are based on the current information and assumptions
of Van Lanschot's management about known and unknown risks, developments and
uncertainties. Forward-looking statements do not relate strictly to historical
or current facts and are subject to risks, developments and uncertainties that
by their very nature fall outside the control of Van Lanschot and its
management. Actual results may differ considerably as a result of risks,
developments and uncertainties relating to Van Lanschot's expectations
regarding, but not limited to, estimates of income growth, costs, the
macroeconomic and business climate, political and market trends, actions by
supervisory and regulatory authorities and private entities, and changes in the
law and taxation. Van Lanschot cautions that expectations are only valid on the
specific dates on which they are expressed, and accepts no responsibility or
obligation to revise or update any information following new information or
changes in policy, developments, expectations or other such factors.
The financial data included in this document have not been audited. This
document does not constitute an offer or solicitation for the sale, purchase or
acquisition in any other way or subscription to any financial instrument and is
not an opinion or a recommendation to perform or refrain from performing any
action.
Van Lanschot strategy update:
http://hugin.info/133415/R/2006672/741510.pdf
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire 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 GlobeNewswire
[HUG#2006672]
Unternehmensinformation / Kurzprofil:
Datum: 26.04.2016 - 07:33 Uhr
Sprache: Deutsch
News-ID 466295
Anzahl Zeichen: 7153
contact information:
Town:
's-Hertogenbosch
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 265 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Van Lanschot presents strategy update 2020"
steht unter der journalistisch-redaktionellen Verantwortung von
Van Lanschot (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
