Alert on fraudulent use of the ODDO BHF identity
We have noted a multiplication of fraud attempts in which the name ODDO BHF is likely to be used. This is particularly the case for Portuguese-language websites that usurp ODDO BHF SE identity to invite you to make a payment. We would like to inform you that these websites are not legitimate and have been created by fraudsters. We therefore urge you to be extremely vigilant.
If you have any doubts about the authenticity of any documents or solicitations, please do not hesitate to contact your usual contacts directly or to contact us at +33 1 44 51 85 00.
News
ODDO BHF and Landolt & Cie have completed their merger
Geneva, Paris 20 January 2021
The acquisition of Landolt & Cie by the Franco-German ODDO BHF Group has received the approval of the Swiss Financial Market Supervisory Authority FINMA. This makes Switzerland the third pillar of ODDO BHF's development strategy, alongside France and Germany.
The merger between the oldest bank in French-speaking Switzerland, headquartered in Lausanne and Geneva, and the Franco-German Group, which until now has been present in Switzerland mainly in Zurich, will make ODDO BHF "Swiss in Switzerland".
In addition to their current portfolio management, Landolt & Cie's clients are thus offered a very broad range of family office, wealth engineering and asset management solutions in which the ESG approach plays a central role, as well as access to alternative assets (private equity, private debt, venture capital).
ODDO BHF's clients can benefit from the opportunities that Switzerland offers. Similar to Germany, Switzerland has many family-owned companies, a dense industrial structure (especially in the areas of healthcare, food processing, watchmaking) as well as high-quality schools and universities and thus a very well-educated workforce.
The Group plans to merge Zurich-based ODDO BHF (Schweiz) AG with Landolt & Cie by the end of the year, with the aim of making it the platform for the development of all the Group's competencies in Switzerland.
Pierre Landolt and Thierry Lombard become shareholders of ODDO BHF. Thierry Lombard also joins the Supervisory Board of ODDO BHF Group.
About 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 stock brokers and a German bank specialising in Mittelstand companies. With 2,300 employees and more than 110 billion euros in client outstandings, ODDO BHF operates in three main businesses, based on significant investment in market expertise: private banking, asset management and corporate and investment banking. The Group has a unique ownership structure as 65% of its capital is held by the Oddo family and 25% by employees. This partnership ethos guarantees the long-term commitment of its teams. In 2019, ODDO BHF generated net banking income of € 585 million and at 31 December 2019, the group had more than € 890 million in shareholders' equity.
www.oddo-bhf.com
About Landolt & Cie SA
Landolt & Cie SA, the oldest bank in French-speaking Switzerland, founded in 1780 by Samuel Hollard (first mayor of Lausanne, with the city regaining its independence from the canton of Berne – banker and wine merchant), is today the last independent private bank in the canton of Vaud. It has seen a succession of entrepreneurial families at its head from its inception to the present day. The Landolt family, descendants of the Sandoz family (now Novartis AG), entered the bank's capital in 1973 through Marc-Edouard, brother of Pierre Landolt, the current shareholder of the bank. At the end of 2015, the Lombard family decided to join forces with the Landolt family and currently holds a 50% stake in the bank's capital. Its private client business is mainly dedicated to local and entrepreneurial clients, with close to 75% of its clientele domiciled in Switzerland. Today, Landolt & Cie SA has just over CHF 3bn in assets under management and employs around 70 people. Its head office is in Lausanne. It has an office in Geneva, where a large part of its private client activities is concentrated, and an office in Zurich.
Press contacts
Contact (Switzerland)
VOXIA
Julien Delecraz
+41 22 591 22 74
[email protected]
Contact (Germany)
NEWMARK FINANCIAL COMMUNICATION
Andreas Framke
+49 69 94 41 80 55
[email protected]
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