ODDO BHF: Difference between revisions
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{{short description|Franco-German financial services |
{{short description|Franco-German financial services group}} |
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{{redirect|Oddo|the Italian footballer|Massimo Oddo}} |
{{redirect|Oddo|the Italian footballer|Massimo Oddo}} |
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{{distinguish|Oppo|Odoo}} |
{{distinguish|Oppo|Odoo}} |
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{{UPE|date=May 2020}} |
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{{Infobox company |
{{Infobox company |
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| name = ODDO BHF |
| name = ODDO BHF |
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| website = {{URL|http://www.oddo-bhf.com/}} |
| website = {{URL|http://www.oddo-bhf.com/}} |
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}} |
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{{coord|50.116258|8.66846|region:DE-HE_type:landmark|display=title}} |
{{coord|50.116258|8.66846|region:DE-HE_type:landmark|display=title}} |
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⚫ | '''ODDO BHF''' is a financial services group headquartered in [[Paris]], [[France]]. It was created in 1967 as '''Oddo & Cie''', a French family-owned stockbroker. In 2016, Oddo purchased [[BHF Bank]], a German bank specialising in [[Mittelstand]] companies, and in 2017 renamed itself ODDO BHF.<ref>{{Cite news|url=https://www.lesechos.fr/03/02/2016/LesEchos/22121-051-ECH_philippe-oddo--une-affaire-de-famille.htm#k4ikc9grcyS2X35R.99|title=Philippe Oddo, une affaire de famille|last=Lederer|first=Edouard|date=3 March 2016|work=[[Les Échos (France)|Les Echos]]|language=French}}</ref> |
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ODDO BHF operates mainly in [[private banking]], [[asset management]], and [[investment banking]]. |
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⚫ | '''ODDO BHF''' is |
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== History of BHF Bank== |
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The bank was formed on 1 January 1970 as the '''Berliner Handels und Frankfurter Bank''' from the merger of the [[Frankfurter Bank]] (founded in 1854) and the [[Berliner Handels-Gesellschaft]] (founded in 1856).<ref>{{Cite book|title = Handbook on the History of European Banks|url = https://books.google.com/books?id=eXvfNDHpfWwC|publisher = Edward Elgar Publishing|date = 1994-01-01|isbn = 9781781954218|first1 = Manfred|last1 = Pohl|first2 = Sabine|last2 = Freitag|first3 = European Association for Banking|last3 = History}}</ref> In 1970, when the [[BHF-Bank]] tower was built by the German architect [[Sep Ruf]], it was the highest building in Frankfurt. In 1975, the bank was renamed to BHF Bank. Throughout the 1970s and 1980s, it was in the top three to five investment banks in [[West Germany]] and had a top position in the foreign exchange market. |
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In 1995, the bank went public, changing from a [[Kommanditgesellschaft auf Aktien|partnership]] to a [[Aktiengesellschaft|corporation]]. From 1999 to 2004, it was bought by the Dutch [[ING Group]] and renamed, in 2002, the ING BHF-Bank. In the same year, it was delisted; its remaining shareholders were [[squeeze out|squeezed out]]. |
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In 2004, ING BHF-Bank was split. The majority of the bank's business operations, offices, and equity shareholdings were integrated into the newly founded BHF-BANK Aktiengesellschaft, which was then acquired by the private bank Sal. Oppenheim as its sole shareholder. Sal. Oppenheim was taken over by the Deutsche Bank in 2010; BHF-BANK, which has always operated on a stand-alone basis, was put up for sale. |
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In 2014, the bank pertained to BHF Kleinwort Benson Group, which was taken over by the French private bank [[Oddo et Cie]]. By mid-March 2016, Oddo et Cie acquired 100% of the Group's shares and has thus become BHF-BANK's indirect sole shareholder. In April 2017, the company was renamed Oddo BHF<ref>{{Cite web |date=13/03/2017 |title=https://www.lefigaro.fr/flash-eco/2017/03/13/97002-20170313FILWWW00014-oddo-integre-bhf-et-devient-le-franco-allemand-oddo-bhf.php |url=https://www.lefigaro.fr/flash-eco/2017/03/13/97002-20170313FILWWW00014-oddo-integre-bhf-et-devient-le-franco-allemand-oddo-bhf.php |website=Le Figaro}}</ref>. |
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== History of ODDO BHF == |
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⚫ | Oddo & Cie was founded in 1967 by Bernard Oddo, a stockbroker in Marseille |
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===1980s=== |
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In 1987, Philippe Oddo became the managing partner.<ref>{{Cite news|url=https://www.lopinion.fr/edition/economie/philippe-oddo-banque-oddo-cie-il-y-a-beaucoup-plus-d-argent-en-112376|title=Philippe Oddo (Banque Oddo et Cie): "Il y a beaucoup plus d'argent en Allemagne qu'en France, et il y reste"|last=de Barochez|first=Luc|date=18 October 2016|work=L'Opinion|language=french}}</ref> |
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⚫ | In |
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== |
==History== |
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In 1991, Oddo et Cie opened its Oddo DV subsidiary in Madrid. |
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⚫ | Oddo & Cie was founded in 1967 by Bernard Oddo, a stockbroker in [[Marseille]].<ref>{{Cite news|url=https://www.lopinion.fr/edition/economie/philippe-oddo-l-allemand-gestion-francaise-23044|title=Philippe Oddo, l'Allemand de la gestion française|last=Motte|first=Muriel|date=7 April 2015|work=L'Opinion|language=French}}</ref> |
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⚫ | In 1997, the company acquired Delahaye Finance,<ref>{{Cite news|url=https://www.lesechos.fr/22/04/1997/LesEchos/17381-085-ECH_la-societe-de-bourse-oddo-achete-delahaye-finance-a-la-societe-generale.htm|title=La société de Bourse Oddo achète Delahaye Finance à la Société Générale.|last=P. B.-B. and PH. G.|work=[[Les Échos (France)|Les Echos]]|language=French}}</ref> |
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⚫ | In 1987, Philippe Oddo became the managing partner.<ref>{{Cite news|url=https://www.lopinion.fr/edition/economie/philippe-oddo-banque-oddo-cie-il-y-a-beaucoup-plus-d-argent-en-112376|title=Philippe Oddo (Banque Oddo et Cie): "Il y a beaucoup plus d'argent en Allemagne qu'en France, et il y reste"|last=de Barochez|first=Luc|date=18 October 2016|work=L'Opinion|language=french}}</ref> In 1988, insurer [[AGF (company)|AGF]] became a minority shareholder.<ref>{{Cite news|url=http://lemonde-emploi.blog.lemonde.fr/2012/04/11/philippe-oddo-dans-le-monde-economie-si-on-pousse-les-francais-fortunes-a-sinstaller-a-letranger-leurs-capitaux-ne-seront-plus-geres-chez-nous/|title=Philippe Oddo dans " Le Monde Economie ": " Si on pousse les Français fortunés à s'installer à l'étranger, leurs capitaux ne seront plus gérés chez nous "|last=Poirier|first=Jérôme|date=11 April 2012|work=[[Le Monde]]|language=French}}</ref> In 1991, Oddo & Cie opened Oddo DV, its subsidiary in Madrid. |
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In 1999, Oddo Asset Management was created.<ref>{{Cite news|url=https://www.lesechos.fr/13/04/1999/LesEchos/17877-115-ECH_oddo-se-positionne-comme-un-grand-de-la-gestion-institutionnelle|title=Oddo se positionne comme un grande la gestion institutionnelle|last=Philippe|first=Guillaume|date=13 April 1999|language=French}}</ref> |
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⚫ | In 1997, the company acquired Delahaye Finance,<ref>{{Cite news|url=https://www.lesechos.fr/22/04/1997/LesEchos/17381-085-ECH_la-societe-de-bourse-oddo-achete-delahaye-finance-a-la-societe-generale.htm|title=La société de Bourse Oddo achète Delahaye Finance à la Société Générale.|last=P. B.-B. and PH. G.|work=[[Les Échos (France)|Les Echos]]|language=French}}</ref> a private management specialist firm. In 1998, it expanded to the United States through Oddo Securities Corporation in [[New York City]]. In the same year, Oddo Options started operations, bringing under a single firm options trading activities previously divided between Paris, Madrid, and Milan.<ref>{{Cite news|url=https://www.lesechos.fr/12/06/1998/LesEchos/17665-100-ECH_oddo---cie-tente-l-aventure-americaine.htm|title=Oddo & Cie tente l'aventure américaine|last=I. E|date=12 June 1998|work=[[Les Échos (France)|Les Echos]]}}</ref> In 1999, Oddo Asset Management was created.<ref>{{Cite news|url=https://www.lesechos.fr/13/04/1999/LesEchos/17877-115-ECH_oddo-se-positionne-comme-un-grand-de-la-gestion-institutionnelle|title=Oddo se positionne comme un grande la gestion institutionnelle|last=Philippe|first=Guillaume|date=13 April 1999|language=French}}</ref> |
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===2000s=== |
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⚫ | In 2000, Oddo acquired Pinatton,<ref>{{Cite news|url=https://www.lesechos.fr/01/03/2000/LesEchos/18102-121-ECH_le-groupe-oddo-pinatton-se-positionne-sur-le-marche-des-introductions-boursieres-en-ligne.htm|title=Le groupe Oddo Pinatton se positionne sur le marché des introductions boursières en ligne|last=PH. G.|first=1 March 2000|work=[[Les Échos (France)|Les Echos]]|language=French}}</ref> a company specialized in intermediation, corporate finance, and private banking. In 2003, it acquired NFMDA (private management)<ref>{{Cite news|url=https://www.lesechos.fr/21/11/2003/LesEchos/19036-172-ECH_oddo---cie-etoffe-sa-gestion-privee-avec-nfmda.htm|title=Oddo & Cie étoffe sa gestion privée avec NFMDA|last=S. L. P|date=21 November 2003|language=French}}</ref> and in 2004, the European credit intermediation activities of [[Crédit Lyonnais]]. In 2005, Oddo & Cie purchased Cyril Finance Asset Management,<ref>{{Cite news|url=https://www.lesechos.fr/16/03/2005/LesEchos/19372-102-ECH_oddo-devrait-racheter-cyril-finance.htm|title=Oddo devrait racheter Cyril Finance|last=AÏT-KACIMI|first=Nessim|date=16 March 2005|work=[[Les Échos (France)|Les Echos]]|language=French}}</ref> and KilbraXE in 2007. |
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In the same year, the Group obtains the status of the bank. |
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In 2006, the Group |
In 2006, the Group launched its new branch Oddo Metals for commodities trading.<ref>{{Cite news |last=Muriel |first=Jacques |date=22 January 2016 |title=Le négociant français Oddo Metals fête ses dix ans |url=https://www.lesechos.fr/22/01/2016/LesEchos/22113-126-ECH_le-negociant-francais-oddo-metals-fete-ses-dix-ans.htm |work=[[Les Échos (France)|Les Echos]] |language=French}}</ref> In 2007, it was granted a French banking license.<ref>{{Cite web |title=Fitch Affirms Oddo At 'BBB+'; Outlook Stable |url=https://www.fitchratings.com/research/banks/fitch-affirms-oddo-at-bbb-outlook-stable-14-12-2007 |access-date=December 14, 2007 |website=Fitch Ratings}}</ref> |
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Concurrently with these acquisitions, Oddo |
Concurrently with these acquisitions, Oddo built a number of partnerships, including Génération Vie, a joint venture with [[Allianz]] in 2003, and La Banque Postale Private Banking, a partnership with [[La Banque Postale]] in 2007 which expanded Oddo's private clientele.<ref>{{Cite news|url=http://lemonde-emploi.blog.lemonde.fr/2012/04/11/philippe-oddo-dans-le-monde-economie-si-on-pousse-les-francais-fortunes-a-sinstaller-a-letranger-leurs-capitaux-ne-seront-plus-geres-chez-nous/|title=Philippe Oddo dans " Le Monde Economie ": " Si on pousse les Français fortunés à s'installer à l'étranger, leurs capitaux ne seront plus gérés chez nous "|last=Porier|first=Jérôme|date=11 April 2012|work=[[Le Monde]]|language=French}}</ref> In 2009, Oddo also established its own research institute in [[Tunis]]. |
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⚫ | In 2010, Oddo signed a commercial agreement with the securities services arm of [[Société Générale]] to develop a joint offering of securities services.<ref>{{Cite news|url=http://www.zonebourse.com/actualite-bourse/SG-Securities-Services-signe-un-accord-commercial-avec-Oddo-Services--13518536/|title=SG Securities Services signe un accord commercial avec Oddo Services|work=Zone Bourse|language=French}}</ref> That same year, it acquired Banque d'Orsay from [[Westdeutsche Landesbank AG]],<ref>{{Cite news|url=https://www.agefi.fr/banque-assurance/actualites/article/20100831/oddo-cie-rachete-banque-d-orsay-89406|title=Oddo & Cie rachète la Banque d'Orsay|date=31 August 2010|work=l'AGEFI|language=French}}</ref> and Banque Robeco from [[Robeco]].<ref>{{Cite news|url=https://www.lesechos.fr/03/12/2010/LesEchos/20818-186-ECH_oddo---cie-renforce-sa-gestion-de-patrimoine-avec-banque-robeco.htm|title=Oddo & Cie renforce sa gestion de patrimoine avec Banque Robeco|last=C. LE|date=3 December 2012|work=[[Les Échos (France)|Les Echos]]|language=French}}</ref> It also rose to 65 percent equity ownership in Patrimoine Consultant.<ref>{{Cite news|url=https://www.lesechos.fr/01/03/2010/LesEchos/20625-174-ECH_oddo---cie-est-majoritaire-chez-patrimoine-consultant.htm|title=Oddo & Cie est majoritaire chez Patrimoine Consultant|last=S. L. P.|date=1 March 2017|work=[[Les Échos (France)|Les Echos]]|language=French}}</ref>It also acquired German market activities from [[Close Brothers Group]] in 2014, which it subsequently renamed ODDO SEYDLER BANK AG then ODDO BHF Corporates & Markets AG;<ref>{{Cite news|url=https://www.lesechos.fr/15/12/2014/lesechos.fr/0204018386050_oddo---cie-renforce-sa-banque-d-investissement.htm|title=Oddo & Cie renforce sa banque d'investissement|last=Drif|first=Anne|date=15 December 2014|work=[[Les Échos (France)|Les Echos]]|language=French}}</ref> and asset manager Meriten IM from [[BNY Mellon]] in 2015.<ref>{{cite web|url=https://www.finyear.com/Le-Groupe-Oddo-acquiert-Meriten-Investment-Management-et-donne-naissance-au-premier-acteur-franco-allemand-de-la_a32551.html|title=Le Groupe Oddo acquiert Meriten Investment Management* et donne naissance au premier acteur franco-allemand de la gestion d'actifs|language=French}}</ref> |
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In 2009, the Group launches Oddo Research Institute in Tunis. |
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In 2016, Oddo & Cie acquired BHF Bank, and rebranded to ODDO BHF the following year. |
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===2010s to present=== |
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In 2010, a commercial agreement is signed by Oddo Services and Société Générale Securities Services (SGSS) to develop a joint offering of securities services.<ref>{{Cite news|url=http://www.zonebourse.com/actualite-bourse/SG-Securities-Services-signe-un-accord-commercial-avec-Oddo-Services--13518536/|title=SG Securities Services signe un accord commercial avec Oddo Services|work=Zone Bourse|language=French}}</ref> |
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==See also== |
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* [[List of banks in France]] |
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== References == |
== References == |
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{{Reflist}} |
{{Reflist}} |
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''Article contains translated text from [[:fr:Oddo et Cie|Oddo et Cie]] on the [[French Wikipedia]] retrieved on 10 March 2017.'' |
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== External links == |
== External links == |
Latest revision as of 15:53, 23 November 2024
Native name | ODDO BHF SCA |
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Industry | Financial services |
Founded | 1967 |
Headquarters | 12, boulevard de la Madeleine, 75009 Paris , |
Key people | Philippe Oddo (managing partner) |
AUM | ~€128 billion |
Website | www |
50°06′59″N 8°40′06″E / 50.116258°N 8.66846°E ODDO BHF is a financial services group headquartered in Paris, France. It was created in 1967 as Oddo & Cie, a French family-owned stockbroker. In 2016, Oddo purchased BHF Bank, a German bank specialising in Mittelstand companies, and in 2017 renamed itself ODDO BHF.[1]
ODDO BHF operates mainly in private banking, asset management, and investment banking.
History
[edit]Oddo & Cie was founded in 1967 by Bernard Oddo, a stockbroker in Marseille.[2]
In 1987, Philippe Oddo became the managing partner.[3] In 1988, insurer AGF became a minority shareholder.[4] In 1991, Oddo & Cie opened Oddo DV, its subsidiary in Madrid.
In 1997, the company acquired Delahaye Finance,[5] a private management specialist firm. In 1998, it expanded to the United States through Oddo Securities Corporation in New York City. In the same year, Oddo Options started operations, bringing under a single firm options trading activities previously divided between Paris, Madrid, and Milan.[6] In 1999, Oddo Asset Management was created.[7]
In 2000, Oddo acquired Pinatton,[8] a company specialized in intermediation, corporate finance, and private banking. In 2003, it acquired NFMDA (private management)[9] and in 2004, the European credit intermediation activities of Crédit Lyonnais. In 2005, Oddo & Cie purchased Cyril Finance Asset Management,[10] and KilbraXE in 2007.
In 2006, the Group launched its new branch Oddo Metals for commodities trading.[11] In 2007, it was granted a French banking license.[12]
Concurrently with these acquisitions, Oddo built a number of partnerships, including Génération Vie, a joint venture with Allianz in 2003, and La Banque Postale Private Banking, a partnership with La Banque Postale in 2007 which expanded Oddo's private clientele.[13] In 2009, Oddo also established its own research institute in Tunis.
In 2010, Oddo signed a commercial agreement with the securities services arm of Société Générale to develop a joint offering of securities services.[14] That same year, it acquired Banque d'Orsay from Westdeutsche Landesbank AG,[15] and Banque Robeco from Robeco.[16] It also rose to 65 percent equity ownership in Patrimoine Consultant.[17]It also acquired German market activities from Close Brothers Group in 2014, which it subsequently renamed ODDO SEYDLER BANK AG then ODDO BHF Corporates & Markets AG;[18] and asset manager Meriten IM from BNY Mellon in 2015.[19]
In 2016, Oddo & Cie acquired BHF Bank, and rebranded to ODDO BHF the following year.
See also
[edit]References
[edit]- ^ Lederer, Edouard (3 March 2016). "Philippe Oddo, une affaire de famille". Les Echos (in French).
- ^ Motte, Muriel (7 April 2015). "Philippe Oddo, l'Allemand de la gestion française". L'Opinion (in French).
- ^ de Barochez, Luc (18 October 2016). "Philippe Oddo (Banque Oddo et Cie): "Il y a beaucoup plus d'argent en Allemagne qu'en France, et il y reste"". L'Opinion (in French).
- ^ Poirier, Jérôme (11 April 2012). "Philippe Oddo dans " Le Monde Economie ": " Si on pousse les Français fortunés à s'installer à l'étranger, leurs capitaux ne seront plus gérés chez nous "". Le Monde (in French).
- ^ P. B.-B. and PH. G. "La société de Bourse Oddo achète Delahaye Finance à la Société Générale". Les Echos (in French).
- ^ I. E (12 June 1998). "Oddo & Cie tente l'aventure américaine". Les Echos.
- ^ Philippe, Guillaume (13 April 1999). "Oddo se positionne comme un grande la gestion institutionnelle" (in French).
- ^ PH. G., 1 March 2000. "Le groupe Oddo Pinatton se positionne sur le marché des introductions boursières en ligne". Les Echos (in French).
{{cite news}}
: CS1 maint: numeric names: authors list (link) - ^ S. L. P (21 November 2003). "Oddo & Cie étoffe sa gestion privée avec NFMDA" (in French).
- ^ AÏT-KACIMI, Nessim (16 March 2005). "Oddo devrait racheter Cyril Finance". Les Echos (in French).
- ^ Muriel, Jacques (22 January 2016). "Le négociant français Oddo Metals fête ses dix ans". Les Echos (in French).
- ^ "Fitch Affirms Oddo At 'BBB+'; Outlook Stable". Fitch Ratings. Retrieved December 14, 2007.
- ^ Porier, Jérôme (11 April 2012). "Philippe Oddo dans " Le Monde Economie ": " Si on pousse les Français fortunés à s'installer à l'étranger, leurs capitaux ne seront plus gérés chez nous "". Le Monde (in French).
- ^ "SG Securities Services signe un accord commercial avec Oddo Services". Zone Bourse (in French).
- ^ "Oddo & Cie rachète la Banque d'Orsay". l'AGEFI (in French). 31 August 2010.
- ^ C. LE (3 December 2012). "Oddo & Cie renforce sa gestion de patrimoine avec Banque Robeco". Les Echos (in French).
- ^ S. L. P. (1 March 2017). "Oddo & Cie est majoritaire chez Patrimoine Consultant". Les Echos (in French).
- ^ Drif, Anne (15 December 2014). "Oddo & Cie renforce sa banque d'investissement". Les Echos (in French).
- ^ "Le Groupe Oddo acquiert Meriten Investment Management* et donne naissance au premier acteur franco-allemand de la gestion d'actifs" (in French).
External links
[edit]- Official website (in French)