Van Lanschot


Van Lanschot Kempen NV is the holding company of Van Lanschot Kempen Wealth Management NV, also operating under the brand names Van Lanschot, Kempen, Evi and Van Lanschot Kempen, a financial institution of Dutch origin offering private banking, asset management and merchant banking services and the oldest independent bank in the Netherlands with a history dating back to 1737. Van Lanschot Kempen positions itself as a specialised, independent wealth manager that provides services to wealthy individuals and institutions.
Van Lanschot Kempen has been listed on the Euronext Amsterdam stock exchange since 1999.

History

The history of Van Lanschot dates back to 1737, when Cornelis van Lanschot founded a trading house in 's-Hertogenbosch.
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 1973, National Westminster Bank acquired a minority interest in the parent Van Lanschot's Beleggings-Compagnie. From the early 1990s, until it sold its interest in 1994, NatWest was the majority shareholder.
In 2004 Van Lanschot acquired CenE Bankiers
and in 2007 Van Lanschot acquired Kempen & Co.
The Van Lanschot family is intermarried with the noble family van Meeuwen.

Brands and services

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

Private banking

Van Lanschot’s 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

Since 2013 Evi van Lanschot offers online investment services.

Asset Management and Merchant Banking

Asset Management and Merchant Banking offer specialist services in areas such as asset management, securities, mergers and acquisitions and capital market transactions to institutional investors, companies, financial institutions and semi-public and public institutions. The bank’s subsidiary Kempen & Co serves the institutional market and offers investment services.

Main subsidiaries

In the Netherlands, Van Lanschot has twenty-seven offices and client reception locations, in most large cities. These offices are usually located in historic buildings. In Belgium, Van Lanschot has eight offices. Furthermore, the bank operates a branch in Switzerland. Van Lanschot is headquartered in 's-Hertogenbosch, Hooge Steenweg 29.

Sponsorship

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. Furthermore, Van Lanschot is head sponsor of The Royal Concertgebouw in Amsterdam.

Controversy

In July 2018, Van Lanschot announced that it would terminate all accounts from private individuals who do not have sufficient investable assets or who do not wish to invest with the bank. They were told so by letter, including customers who had previously been recruited by Van Lanschot themselves. Van Lanschot informed that services related to "payment traffic and savings alone can not make the difference". Customers with too little capital must supplement this to 500,000 euros and can then qualify for private banking services. The terms and conditions do allow Van Lanschot to terminate customer relationships, but nevertheless some felt "trashed" by an "arrogant bank".

Financial results

The table below shows the results as of 2007.
YearRevenueOperating
result
before tax		Loan loss
provisions		Net
profit		Total
assets		RWAMarket
capitalisation
Number of staff
2007€648€233€1€215€21,719€13,600€2.6 bn2,473
2008€494€21€20€30€20,692€14,000€1.8 bn2,241
2009€568€ -36€113€ -16€21,265€13,915€1.4 bn2,050
2010€631€88€87€67€20,325€11,752€1.2 bn2,043
2011€552€47€61€43€18,454€11,000€0.9 bn2,009
2012€541€ -165€113€ -147€17,941€10,535€0.6 bn1,862
2013€551€37€102€34€17,670€9,003€0.7 bn1,808
2014€547€134*€76€54**€17,259€7,356€0.7 bn1,712
2015€521€54*€51€60**€15,496€6,431€0.8 bn1,666
2016€482€109€ -7€70€14,881€5,623€0.8 bn1,670

2014: *including one-off pension gain; **excluding one-off pension gain
2015: * Including one-off charge arising from the sale of non-performing property loans; ** Excluding one-off charge arising from the sale of non-performing property loans