The path of “Challenge and Change”
Although the bank started in 1796, it has gone through a complete transformation over the last 5 years. Michael says, “Since 2016 we have been looking into the future together with our Chinese partner and investor Fosun, and a lot has changed since then.” Ever since this merger, the bank has rapidly grown organically and inorganically in all business areas.
On the path to growth and operational excellence, in 2017, the new and improved H&A completed their acquisition of Sal. Oppenheim, a German private bank founded in 1789. This further increased their customer service reach and product offering range. Later in the same year, H&A acquired Crossroads Capital Management in Ireland to spread their reach even further.
Keeping up with changing times, the bank made a move away from the run-of-the-mill private banking practices and launched a digital wealth management platform called Zeedin in 2018. With Zeedin, the bank got recognition as a modern financial institution following new technologies for better asset and customer service management.
Despite all these mergers, acquisitions, and digital enhancements, the biggest announcement for H&A came last year. They acquired Bankhaus Lampe, an independent private bank operating since 1852 in Germany. This has placed H&A all the way at the top in the asset management industry, making it one of the biggest and best private banks in all of Germany due to its increased service portfolio and geographical reach.
In the last five years, H&A has gone through a lot of calculated changes and developments. Today, the bank’s range of products and services includes fund services in countries like Germany, Luxembourg, Ireland, and, more recently, China. Their expertise lies in investment banking, asset management, financial markets, and private banking divisions operating out of branches in Frankfurt (headquarter), Munich, Düsseldorf, Cologne, and Hamburg. In addition to these places, they operate an investment banking division from Zurich and London as well. In his years, Michael has witnessed unprecedented change and continuous magnification and eagerly looks forward to what’s next.