ABN AMRO Completes Acquisition of HAL, Creating a Top-Three German Wealth Manager with EUR 70 Billion AUM

ABN AMRO Completes Acquisition of HAL, Creating a Top-Three German Wealth Manager with EUR 70 Billion AUM

(IN BRIEF) ABN AMRO has completed the purchase of Hauck Aufhäuser Lampe AG from Fosun’s Bridge Fortune Investment, following regulatory approval. The acquisition merges HAL with Bethmann Bank to create a top-three German wealth-management provider, with 2,000 employees in 18 locations across Germany and Luxembourg managing over EUR 70 billion in assets. ABN AMRO will operate under two brands—Bethmann HAL for private banking and ABN AMRO for corporate and institutional services—while integrating HAL’s asset-servicing into its global platform. The bank paid EUR 672 million at closing, with final book-value adjustments pending. HAL’s results will be included in Q3 2025 reporting, and 2025 guidance will be updated in the Q2 release.

(PRESS RELEASE) AMSTERDAM, 1-Jul-2025 — /EuropaWire/ — ABN AMRO has finalized its acquisition of Hauck Aufhäuser Lampe AG (HAL) after securing all requisite regulatory clearances. The transaction, announced on 24 April 2024, was executed with Bridge Fortune Investment—a Fosun International Group subsidiary—as the seller, and legally closed on 1 July 2025.

This strategic move significantly bolsters ABN AMRO’s footprint in the German banking sector. Under the deal, Bethmann Bank—ABN AMRO’s private banking division in Germany—will merge with HAL to form one of the country’s largest wealth-management platforms for high-net-worth individuals, family entrepreneurs, and independent asset managers. Together, the combined entity will employ 2,000 staff across 18 sites in Germany and Luxembourg, stewarding over EUR 70 billion in client assets, and aiming for a top-three position in Germany’s wealth-management market.

Marguerite Bérard, CEO of ABN AMRO, remarked, “Completing this acquisition paves the way for a major new contender in German wealth management and enhances our corporate and institutional banking services, allowing us to offer an even broader product suite to our clients.”

Dual-Brand Approach
ABN AMRO will maintain two distinct brands in Germany:

• Bethmann HAL will encompass all combined private-wealth services.
• ABN AMRO will cover corporate and institutional banking, asset management, capital markets, and asset servicing.

HAL’s asset-servicing operations in Germany and Luxembourg will be integrated into ABN AMRO’s global offering, while Fosun retains its Hauck Aufhäuser Fund Services S.A. and related subsidiaries, continuing to provide fund administration under a “One-Stop-Shop” model.

Choy van der Hooft-Cheong, Chief Commercial Officer Wealth Management at ABN AMRO, added, “Prior to this deal, ABN AMRO already managed around EUR 240 billion in assets group-wide. By integrating HAL, we further strengthen our leadership in European wealth management and enhance our service and product range for both domestic and international clients.”

Financial Considerations and Reporting
ABN AMRO agreed to acquire HAL at its book value, excluding the fund-administration division. At closing, an initial payment of EUR 672 million was made, with any book-value adjustments settled subsequently. HAL’s financial results will be consolidated into ABN AMRO’s Q3 2025 Comparable Operating Profit, effective from 1 July 2025. Guidance on the impact of HAL’s integration for the full year 2025 will be provided alongside Q2 2025 results.

Media Contact:

Jarco de Swart
Sr Press Officer Corporate Affairs, Finance, Legal and Sustainability
jarco.de.swart@nl.abnamro.com
Tel:+31 (0)20 6282160

SOURCE: ABN AMRO<