Degroof Petercam France: finalization of the strategic refocusing on its strengths and a simplification of its activities

Degroof Petercam France: finalization of the strategic refocusing on its strengths and a simplification of its activities

Degroof Petercam has successfully completed the transformation process of its entities in France. This project started in September 2019 and aimed at simplifying the structure of the banking entity and consolidating its presence in France as a reference investment group under the name Degroof Petercam Wealth Management.

With the finalization of this reorganization project, Degroof Petercam intends to focus more on its activities and services with a higher added value for its clients and where it has a recognized competitive advantage. Driven by this desire to focus on management and investment activities, account-keeping and custodian banking activities are now outsourced to third-party partners. As for the credit activity, it is carried out by the parent company, which has established and recognized expertise in this area.

The transformation is accompanied by a change in the regulatory structure of the entity, which will now act as a management company.  These changes strengthen the functional organization of each business line within the group.

At the same time, Degroof Petercam is also active in France in the fields of institutional management and investment banking.

Hugo Lasat, CEO of Degroof Petercam: "France is of strategic importance in the group's model because our wealth management, investment banking and institutional management activities offer inter-business and intra-group synergies. Degroof Petercam's ambition is to continue its development in France as a high-level niche investment boutique. By aiming for a more integrated and functional model, Degroof Petercam wishes to highlight its expertise and better serve its clients, but also to take full advantage of the synergies that exist within the group."

About Degroof Petercam France

Present in France since 2001, Degroof Petercam France offers its private and institutional clients as well as companies a wide range of services in the fields of wealth management, investment banking and asset management. Based in Paris, Degroof Petercam France employs 92 professionals.

About Degroof Petercam

Degroof Petercam is a reference financial institution with a history dating back to 1871. As an independent group owned by family shareholders with a long term commitment, we serve private and institutional investors.

Our clients benefit from a unique combination of services in private banking, institutional asset management, investment banking (corporate finance and global markets) and asset services. The total clients assets (under management, under administration and in custody) amounts to 86 billion euros.

Headquartered in Brussels, we employ more than 1,500 professionals through offices in Belgium, Luxembourg, France, Switzerland, Spain, The Netherlands, Germany, Italy and Hong Kong.

Degroof Petercam
Rue de l'Industrie | Nijverheidsstraat 44
1040 Brussels