Joint venture by
The joint venture ‘ABN AMRO – ODDO BHF’ provides equity brokerage services and has a Benelux focus. The company is located in Amsterdam. ABN AMRO and ODDO BHF have an equal share in the joint venture, which is built on a partnership between two parties that have a leading position in their respective markets.
The partnership enhances the equity capital markets, corporate broking and equity brokerage services to both corporate and institutional clients. This creates a platform with high-quality equity research covering over 500 stocks and extends distribution to more than 600 institutional clients in Europe and the United States. ABN AMRO and ODDO BHF have the ambition to extend their partnership to the German market.
The establishment of the joint venture was announced on 16 September 2020. ABN AMRO brought in its Benelux equity research, institutional sales, and sales trading activities. ODDO BHF contributed its state-of-the-art platform and execution capabilities.
At the time of the announcement Rutger van Nouhuijs, member of the ABN AMRO Executive Committee said: “I am proud of this partnership. ABN AMRO has a leading equity franchise in Benelux. Partnering with a professional and complementary leading pan-European broker like ODDO BHF will further strengthen our local position and will enhance the equity services we provide to our clients. Additionally, this partnership provides opportunities to grow further into Northwest Europe, underlining our regional ambitions and reconfirming our strong commitment to the bank’s equity and equity capital markets franchise.”
Christophe Tadié, Managing Partner of ODDO BHF and Head of Corporates & Markets added: “We are very happy to be partnering with ABN AMRO. This partnership brings together complementary teams, expertise and markets in order to build a consolidating brokerage platform in Europe by uniting the strengths of two leaders in their respective markets. After the partnership with Natixis, this alliance is part of our pan-European strategy aimed at building a financial leader in the eurozone. The brokerage activity is an important part of ODDO BHF’s history and DNA, and we are seeking to offer our clients a broader range of services and expertise.”
Management Board ABN AMRO – ODDO BHF
ODDO BHF is an independent Franco-German financial services group, with a history stretching back over 170 years. It was created from the alliance of a French family-owned business built up by five generations of stockbrokers and a German bank specializing in SMEs.
ABN AMRO is a Dutch bank for retail, corporate and private banking clients, offering a full range of financial products and solutions. Our focus is on Northwest Europe. Our ambition is to be the best Dutch bank.