Banques privées

Toutes les deux semaines, Investment Officer s’entretient avec un éminent professionnel du monde financier à propos de sa carrière, de sa vie et de ses passions. Cette fois-ci, c’est Rudi Deruytter, CEO de la banque CKV, qui regarde dans Le Miroir.

La Banque Nagelmackers est neutre sur les actions mais met l’accent sur certains secteurs et régions spécifiques. Cependant, l’inflation sous-jacente diminue plus lentement que prévu. 

Crédit Agricole, ABN Amro et «une ou deux banques privées suisses» ont été désignés comme finalistes du processus d’enchères pour l’acquisition du groupe belge de gestion de patrimoine et de banque d’investissement Degroof Petercam, a rapporté Les Echos vendredi, citant plusieurs sources.

Swiss private bank Pictet has decided to move its European headquarters to Frankfurt, relocating the function from Luxembourg. The grand duchy has served as the main European hub of the Geneva-based private bank for about three decades.

The  bank said that its former Pictet & Cie (Europe) S.A. “transferred its registered office from Luxembourg” to Frankfurt per 26 May “by way of a cross border conversion from a Luxembourg Societé Anonyme into a German Aktiengesellschaft.”

Given the increasing complexity of financial markets, private banking clients in Luxembourg, especially younger and wealthier groups, are more willing to seek out financial advice than clients elsewhere in Europe, according to the Luxembourg edition of EY’s Global Wealth Report being released today.

Belgium’s largest independent private bank, Degroof Petercam, is considering a major reshuffle of its ownership structure that could potentially lead to a new majority shareholder. Some of the existing owners, mainly Belgian noble families but also undefined «financial partners», have indicated they want to sell their shares.

A deal could be worth more than one billion euro. Belgian state-controlled financial group Belfius, Credit Agricole, ING Groep and Royal Bank of Canada are reported as being possible bidders.  

La société d’investissement belge Degroof Petercam a révélé samedi que son revenu d’exploitation avait chuté de 16 % l’année dernière en raison d’une baisse des revenus de commissions. Cette baisse a été partiellement atténuée par l’augmentation des marges d’intérêt.

La banque a enregistré un résultat d’exploitation de 106,7 millions d’euros en 2022, contre 126,6 millions d’euros l’année précédente. 

Referring to a “challenging year”, Belgian investment house Degroof Petercam on Saturday said that its operating income fell 16 per cent last year on the back of a decline in commission income. The drop was mitigated in part by higher interest margins.

The bank, which has a major presence in Luxembourg as asset manager, posted 106.7 million euro in operating income for 2022, down from 126.6 million a year earlier. The privately held company did not provide a breakdown of this income.

Banque Havilland, a Luxembourg private bank owned by British property developer David John Rowland, has sold its depository and custody business for an undisclosed amount to Spain’s Banco Inversis as part of a new strategy in which it fully focuses on private banking. 

Grand Duchy banks are taking action to prepare for an economic downturn, according to bank sector association ABBL. 

At its annual general meeting on Thursday, the organisation noted that rising interest rates and geopolitical uncertainty have caused households and companies to become reluctant investors. Banks began setting aside more provisions last year in order to cover increased risk of credit defaults - a move already reflected in 2022 figures with an increase of over 400%.