Van Lanschot Kempen

Van Lanschot Kempen N.V. is a specialised, independent wealth manager that provides private banking, investment management and investment banking services to wealthy individuals and institutions. It is headquartered in 's-Hertogenbosch, the Netherlands. It operates under the brand names Van Lanschot Kempen, Van Lanschot, Evi, and Kempen. With a history dating back to 1737, it is the oldest independent financial institution in the Netherlands[3] and the Benelux[4][5] and one of the oldest independent financial institutions in the world.[6]

Van Lanschot Kempen N.V.
TypePublic
ISINNL0000302636
IndustryBanking, Financial services
Founded22 July 1737; 284 years ago (1737-07-22)
HeadquartersHooge Steenweg 29, 5211 JN 's-Hertogenbosch,
Area served
Worldwide
Key people
  • Maarten Edixhoven (CEO)
  • Frans Blom (Chairman of Supervisory Board)[1]
Products
Revenue434 million (2020)[2]
49,8 million (2020)[2]
Number of employees
1,564 (2020)[2]
Website

Corporate structureEdit

 
Van Lanschot Kempen's Amsterdam office

Van Lanschot Kempen offers private banking, asset management and merchant banking services:

  • Van Lanschot Private Banking services are aimed at six target groups: high-net-worth individuals, people new to the wealth management market, entrepreneurs and family businesses, business professionals and executives, healthcare professionals, and foundations and associations.
  • Evi van Lanschot is Van Lanschot Kempen's online investment and savings platform targeted at mass affluent clients and first-time investors in the Netherlands and Belgium.[7]
  • Kempen Asset Management (trading as Kempen Capital Management (KCM)) is Van Lanschot Kempen's asset management segment. It is a specialist European asset management boutique focusing on a selected investment strategies, including high-dividend equities, fixed-income securities, funds of hedge funds, real estate, small caps and infrastructure.[7]
  • Kempen Merchant Banking is Van Lanschot Kempen's investment banking segment. It offers specialist services including capital market transaction, debt advisory services, equities research and trading and mergers and acquisition.[7]

Van Lanschot Kempen is authorised by De Nederlandsche Bank (DNB), the Dutch central bank, as a bank in accordance with the Dutch Financial Supervision Act (Dutch: Wet op het financieel toezicht) (Wft).[8] It is under the direct supervision of DNB[9] and the indirect supervision of the European Central Bank (ECB) under the Single Supervisory Mechanism.[10] In addition, the Netherlands Authority for the Financial Markets (Dutch: Autoriteit Financiële Markten) (AFM) supervises its market conduct.

HistoryEdit

The history of Van Lanschot dates back to 22 July 1737, when Cornelis van Lanschot founded a trading house in 's-Hertogenbosch.[11] It originally traded in colonial goods within the areas of Brabant and Limburg, the principality of Liège, the Duchy of Cleves, the Duchy of Jülich and a large part of Belgian Brabant. It soon became involved in the collection and discounting of bills of exchange from clients and in exchanging foreign currency.[12] In 1901, Van Lanschot was converted from a general partnership into a limited partnership under the name F. van Lanschot.[12]

Prior to 1954, Van Lanschot's banking activities were carried out from its offices in ‘s-Hertogenbosch. After that, it progressively expanded its activities by opening additional offices, mostly, in the south of the Netherlands. In the early 1970s, it acquired a number of Dutch banks. During the 1980s, it opened a number of offices in the centre of the Netherlands, and, begging in 1991, it started an expansion strategy. In 1991, it also opened offices in Belgium.[7]

In 1973, NatWest Group (NatWest) became the first non-family shareholder when it acquired a minority interest in the parent Van Lanschot's Beleggings-Compagnie.[13] From the early 1990s, until it sold its interest in 1994, NatWest was the majority shareholder.[13] In June 1999, Van Lanschot's equity securities were listed on Euronext Amsterdam.[7]

In 2004, Van Lanschot acquired CenE Bankiers (financial services for the healthcare sector) in 2004 from ING Bank N.V..[14]

In 2007, Van Lanschot acquired Kempen & Co.[15] Kempen & Co was established in 1903 in Amsterdam by Arines Johannes Kempen with his companion Martinus Dirk de Lange as an independent stockbroker. The commodities exchange, the Beurs van Berlage had opened only a month before, and it was this exchange that was used by Kempen & Co for its trading. The company began by specialising in the trade of listed companies that operated in the Dutch East Indies.

In 2013, Van Lanschot launched Evi van Lanschot. Evi van Lanschot is an online savings and investment platform aimed at extending its offering to mass affluent clients and first-time investors.[16]

In 2015, Van Lanschot acquired UK fiduciary management business of MN, a Dutch pensions and investments manager. In December 2016, Van Lanschot acquired the private banking business of Staalbankiers.[17] In August 2017, Van Lanschot acquired UBS's Dutch wealth management business.[7] In 2021, Van Lanschot acquired Hof Hoorneman Bankiers, a Dutch private bank.[18]

LeadershipEdit

From the bank's origins in 1737 until the death of Jan Cees van Lanschot in 1991, a member of the Van Lanschot family was CEO of the bank. From 1991 to 2002 Bert Heemskerk was CEO. In 2002 he was succeeded by Floris Deckers. In 2013 Karl Guha became CEO. In 2021 Maarten Edixhoven became CEO.[19]

Crest of the family and the firm Van LanschotEdit

 
Van Lanschot family crest

Van Lanschot's crest is based on the crest that has been used by the Van Lanschot family since the seventeenth century. The Van Lanschot family appeared in Zundert in the fifteenth century. The name is derived from an elongated piece of land or 'long shot' located in the village of Achtmaal. Three green trees are depicted on a silver and green cover. In front of the middle tree, there is a red castle. The castle may be derived from the coat of arms of the Van Buerstede family. The crest's motto is: 'Exaltabor in terra'.[11]

Het LanschotjeEdit

 
Front and back of the coin het Lanschotje

After the unification of the Netherlands with Belgium and the proclamation of the Kingdom of the Netherlands in 1815, a new regulation of the monetary system had to be established. The large monetisation project that was planned only commenced in 1821/1822. As a result, there was a shortage of small change coins. Several people, mostly traders, looked for a temporary solution (outside the government) to circulate small coins themselves. They ordered large quantities of copper coins from Germany and brought them to the Kingdom. The Utrecht grocer, Bleyenstein, was the first to introduce this to the market. These coins were also put into circulation by partner Franciscus van Lanschot. The coin was given various nicknames: het Lanschotje, het Bossche duit or Bleyensteinse duit.[11][20]

OfficesEdit

 
Head Office at Hooge Steenweg 29, 's-Hertogenbosch

Van Lanschot is headquartered in 's-Hertogenbosch, Hooge Steenweg 29. In addition, head office employees work in two other buildings in 's-Hertogenbosch in the Paleiskwartier district, and in the World Trade Center (Amsterdam).

Van Lanschot Private Bank has 27 offices and client reception locations in most large cities in the Netherlands.[21] These offices are usually located in historic buildings. In Belgium, Van Lanschot has nine offices.[22] Furthermore, Van Lanschot has offices in Zurch and Geneva, Switzerland.[23] Kempen has offices in Amsterdam, Antwerp, London, New York and Paris.[24]

SponsorshipEdit

Van Lanschot's sponsorship aims to help preserve Dutch cultural heritage. The bank is sponsor of the Van Gogh Museum in Amsterdam and the Van Lanschot Kempen Kunstprijs, an art prize for artists in the Benelux.[25] Furthermore, Van Lanschot is head sponsor of The Royal Concertgebouw in Amsterdam.[26]

See alsoEdit

ReferencesEdit

  1. ^ [Van Lanschot Kempen’s Supervisory Board appoints Frans Blom as its chairman and puts forward Karin Bergstein as a member - 16.04.2020 (wallstreet-online.de) Frans Blom chairman Supervisory Board]
  2. ^ a b c Annual report 2020 - 24 February 2021
  3. ^ International Investment UBS to sell its Netherlands wealth management bizhttps://www.internationalinvestment.net/internationalinvestment/news/3503988/ubs-sell-netherlands-wealth-management-biz Accessed 2 January 2021
  4. ^ "A Chinese carmaker agrees to buy a Danish investment bank". The Economist. 5 October 2017.
  5. ^ The New York Times Belgian Bank Deal 25 April 1990 https://www.nytimes.com/1990/04/25/business/company-news-belgian-bank-deal.html Accessed 2 January 2021
  6. ^ MSN The 20 oldest banks in the world still operating today https://www.msn.com/en-us/money/news/the-20-oldest-banks-in-the-world-still-operating-today/ss-AAC5XIc#image=9 Accessed 2 January 2021
  7. ^ a b c d e f Van Lanschot N.V.€100,000,000 Undated Deeply Subordinated Additional Tier 1 Fixed Rate Resettable Callable Capital Securities Prospectus 28 March 2019
  8. ^ DNB Van Lanschot Kempen Wealth Management N.V. https://www.dnb.nl/openbaar-register/registerdetailpagina/?registerCode=WFTKF&relationNumber=B0120 Accessed 09 February 2021
  9. ^ DNB Van Lanschot Kempen Wealth Management N.V. https://www.dnb.nl/openbaar-register/registerdetailpagina/?registerCode=WFTKF&relationNumber=B0120 Accessed 09 February 2021
  10. ^ "Euro area 1999 – 2015". European Central Bank. Retrieved 3 December 2015.
  11. ^ a b c Dr. Frans Govers, 'De polsslag van de tijd, 1737- 1997, Uitdaging en antwoord in 260 jaar F. van Lanschot Bankiers nv, F. van Lanschot, Bankiers, 's-Hertogenbosch, 1997
  12. ^ a b Encyclopedie van Noord-Brabant 2 (1985) 383
  13. ^ a b Trouw Bank Van Lanschot na ruzie weer helemaal Nederlands 23 December 1994 https://www.trouw.nl/nieuws/bank-van-lanschot-na-ruzie-weer-helemaal-nederlands~b0ca68a4/ Accessed 9 February 2020
  14. ^ "Van Lanschot signs purchase agreement for acquisition of CenE Bankiers". Cws.huginonline.com. Retrieved 2014-06-24.
  15. ^ "Van Lanschot and Kempen reach an accord and sign purchase agreement". Cws.huginonline.com. Retrieved 2014-06-24.
  16. ^ ankend.nl Evi van Lanschot https://www.banken.nl/bank/evi-van-lanschot Accessed 9 February 2021
  17. ^ Achmea Van Lanschot en Achmea ronden overname private banking-activiteiten Staalbankiers af 15 December 2016 https://nieuws.achmea.nl/van-lanschot-en-achmea-ronden-overname-private-banking-activiteiten-staalbankiers-af/ Accessed 9 February 2021
  18. ^ Vermogensbeheerder Van Lanschot Kempen koopt Hof Hoorneman Bankiers 18 August 2020 https://nos.nl/artikel/2344511-vermogensbeheerder-van-lanschot-kempen-koopt-hof-hoorneman-bankiers.html Accessed 2 January 2021
  19. ^ Bloomberg https://www.bloomberg.com/profile/person/20017931 Accessed 02 November 2021
  20. ^ De Bleyensteinse duiten http://www.duiten.nl/bleyenstein.html Accessed 2 January 2020
  21. ^ Van Lanschot Kantoren https://www.vanlanschot.nl/contact/kantoren Accessed 31 Januar 2021
  22. ^ Van Lanschot Belgium Contact https://www.vanlanschot.be/nl-be/contact/zoek-een-kantoor Accessed 31 January 2021
  23. ^ Van Lanschot Switzerland Contact https://www.vanlanschot.ch/en/offices Accessed 31 January 2021
  24. ^ Kempen Contacts Us https://www.kempen.com/en/contact Accessed 31 January 2021
  25. ^ "Mark Manders wins van Lanschot Kempen's 2018 Art Prize".
  26. ^ "Van Lanschot Kempen becomes Amsterdam Concertgebouw's new main sponsor".