Bethmann Bank AG now merged into ABN AMRO
- Bethmann Bank AG was merged into its sole shareholder ABN AMRO Bank N.V. as scheduled on 10 October 2022.
- New structure will facilitate comprehensive support for high net worth clients with a business background, increase client proximity and improve cost efficiency.
Frankfurt Main, 10 October 2022 - Bethmann Bank AG was merged into its sole shareholder ABN AMRO Bank N.V. with effect from 10 October 2022. The simplification of the legal structure announced on 29 June 2022 was thus implemented on schedule.
The merger will not affect the Bethmann Bank brand as an established and traditional name in German wealth management, its current strategy or its operating business. Nothing will change either as regards the Bank's corporate culture, client support philosophy or investment expertise. The current level of protection of client deposits through the deposit protection fund of the Association of German Banks will also remain the same.
This simplification of the legal structure is an important step in Bethmann Bank’s organisational development as it pursues its ambitious growth strategy. It specifically offers following advantages for clients:
- It makes comprehensive management of private and operational assets from a single source much easier because Bethmann Bank and the Corporate and Commercial Banking division of the German branch of ABM AMRO Bank N.V. can collaborate more easily, with a more targeted approach. Moreover, the greater financing scope permitted by the regulators will enable Bethmann Bank to grow its lending business.
- It expands the cross-border alliance of all ABN AMRO Group private banks in the core Northwestern Europe region. This means clients will receive an even broader range of services.
- Significant savings in liquidity and capital through significantly lower administrative expenses enable further investment in growth and in comprehensive client support.
About Bethmann Bank – Genuine. Sustainable. Private.
Founded in 1712, Bethmann Bank is now one of the top three providers of private banking in Germany, serving exclusively high net worth private clients and asset managers. Its assets under management currently amount to more than EUR 40 billion. Bethmann Bank belongs to Dutch bank ABN AMRO, which has one the strongest capital bases among European banks. Like all members of ABN AMRO Wealth Management, we stand for bespoke advice without a focus on proprietary products. We offer our clients clear, comprehensible and sustainable solutions. Bethmann Bank is represented in all key economic regions in Germany, with 14 branches.
www.bethmannbank.de
Contact
Communications and Marketing
Alexandra Vitt-Krauß
T +49 69 2177-1379
M +49 152 38235830
E alexandra.vitt-krauss@bethmannbank.de