ODDO BHF SCA
|Headquarters||12, boulevard de la Madeleine, |
ODDO BHF is an independent Franco-German financial services group, with a history stretching back over 150 years. It was created from the alliance of a French family-owned business built up by five generations of stockbrokers and a German bank specialising in Mittelstand companies. With 2,300 employees (1,300 in Germany and 1,000 in France), and more than 100 billion euros in assets under management, ODDO BHF operates in three main businesses, based on significant investment in market expertise: private banking, asset management and corporate and investment banking.
History of BHF Bank
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). In 1970, when the BHF-Bank tower was built by the German architect Sep Ruf, it was the highest building in Frankfurt. The banks changed its name to BHF-Bank in 1975. Through 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. The bank had extensive industrial holdings. Its former senior partner, Hanns Schroeder-Hohenwarth, became the President of the German Banks Association from 1983 to 1987.
In 1995 the bank went public, changing from a partnership to a corporation. From 1999 to 2004 it was bought by the Dutch ING Group and renamed from 2002 ING BHF-Bank. In the same year it was delisted following the squeeze out of remaining share holders.
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. When Sal. Oppenheim was taken over by Deutsche Bank in 2010, BHF-BANK, which has always operated on a stand-alone basis, was put up for sale.
In 2014, the bank has formed part of BHF Kleinwort Benson Group, which was taken over by the French private bank Oddo et Cie. By mid-March 2016, Oddo et Cie had acquired 100% of BHF Kleinwort Benson Group’s shares, and has thus become BHF-BANK’s indirect sole shareholder. In April 2017, the company was renamed ODDO BHF Aktiengesellschaft.
BHF Bank Foundation
The non-profit BHF BANK Foundation was set up in 1999 . The foundation supports initiatives that generate forward-thinking and groundbreaking ideas for life in German society. The BHF BANK Foundation concentrates on two areas: social and scientific projects with a socio-political background, and the contemporary arts and upcoming artists.
History of ODDO BHF
Oddo & Cie was founded in 1849 by Camille Gautier, stockbroker in Marseille (France).
1980 – 1989
In 1987, Philippe Oddo becomes managing partner of the Group.
It is in 1988 that AGF Group enters the capital of the company, becoming a minority shareholder.
1990 – 1999
In 1991, Oddo et Cie opens its Oddo DV subsidiary in Madrid.
In 1997, the company acquires Delahaye Finance, which is specialized in private management. 1998 marks the Group’s establishment in the United States, with the launch of Oddo Securities Corporation in New York City. In the same year, Oddo Options is launched, aiming to gather all the options trading activities in Paris, Madrid and Milan.
In 1999, Oddo Asset Management is created, strengthening the Group’s position in institutional management.
2000 – 2009
The 2000s were marked by several acquisitions from Oddo et Cie. In 2000, the Group acquires Pinatton, a company specialized in intermediation, corporate finance and private banking. In 2003, Oddo et Cie acquires NFMDA (private management), and the European credit intermediation activities of Crédit Lyonnais in 2004. In 2005, Oddo et Cie buys Cyril Finance Asset Management, and KilbraXE in 2007.
In the same year, the Group obtains the status of bank.
In 2006, the Group launches its new branch Oddo Metals, for metal trading.
Concurrently with these acquisitions, Oddo et Cie strengthens its activities through different partnerships with the sector’s major players. In 2003, the Group launches Génération Vie, joint venture with Allianz. La Banque postale Private Banking is launched in 2007 in partnership with La Banque Postale, to expand the Group’s private clientele.
In 2009, the Group launches Oddo Research Institute in Tunis.
2010 – 2017
In 2010, a commercial agreement is signed by Oddo Services and Société Générale Securities Services (SGSS) to develop a joint offering of securities services.
Since 2010, the Group has made new acquisitions, such as the Banque d'Orsay from the German WestLB (2010), the Banque Robeco from the Robeco Group (2010), Close Brothers Seydler Bank AG (market activities) from English Closer Brothers Group (2014), Meriten IM (asset management) from BNY Mellon (2015). In 2010, rises to 65% in the capital of Patrimoine Consultant, becoming the society’s majority shareholder. Finally, in 2016, Oddo et Cie acquires BHF Bank, which became ODDO BHF the following year.
ODDO BHF has its offices in different locations in France, Germany and worldwide:
- In France : Paris (private bank, investment banking, asset management), Lyon (Mid Caps shares, private bank), Strasbourg (private bank), Bordeaux (private bank) and Marseille (private bank).
- In Germany : Frankfurt (private bank, investment banking, asset management), Mainz (private bank), Berlin (private bank), Munich (private bank), Cologne (private bank), Baden-Baden (private bank), Hamburg (private bank), Nuremberg (private bank), Düsseldorf (private bank, asset management), Hannover (private bank), Essen (private bank), Stuttgart (private bank), Münster (private bank).
- Worldwide : Abu Dhabi (private bank), Dubai (Europe equities, asset management), Geneva (asset management, private bank), Ho Chi Minh City (private bank), Hong Kong (investment banking), Luxembourg (account keeping, custody), Milan (asset management), Madrid (asset management), Stockholm (asset management), Tunis (research), Zurich (private bank).
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- "ODDO BHF est le 1er groupe financier franco‑allemand indépendant". ODDO BHF.
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- 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).
- 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).
- 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).
- 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).
- S. L. P. (1 March 2017). "Oddo & Cie est majoritaire chez Patrimoine Consultant". Les Echos (in French).