Approval of the new brand Degroof Petercam Spain by the Central Bank of Spain and the European Regulators

Bank Degroof Petercam Spain is the new brand under which the leading independent financial institution of Belgium will now be active in Spain, following the approval of the new name by Spain’s Central Bank. The go-ahead has been given following approval by the European Regulators of the merger between the parent companies of Bank Degroof and Petercam in Belgium last October. The asset management company for private funds, PrivatBank Patrimonio, will henceforth be called Degroof Petercam SGIIC.

The Degroof Petercam group, is active as a boutique specialized in private banking, institutional asset management, investment banking (corporate finance and financial intermediation) and asset services. It has been present in Spain since 1990, through PrivatBank, which was acquired by Bank Degroof in 2000. Bank Degroof Petercam Spain has a team of more than 60 professionals, located in different cities: Barcelona, Bilbao, Madrid and Valencia.

With a history dating back to 1871, Bank Degroof Petercam employs over 1,400 seasoned professionals in nine countries: Belgium, Luxembourg, France, Spain, Switzerland, the Netherlands, Germany, Italy and Hong Kong.

The founding families and reference shareholders of Degroof Petercam hold more than
70 % of the equity shareholders (the Philippson, Peterbroeck, Van Campenhout, Haegelsteen, Schockert and Siaens families and CLdN Finance and Cobepa). The remainder is owned by the management and the staff, the financial partners and the other shareholders. The group which is headquartered in Brussels, manages over EUR 50 billion of assets on behalf of private investors, families, companies, public and corporate pension funds, insurance companies and government and not-for-profit organizations.
The solvency ratio of Bank Degroof Petercam far exceeds the sectoral requirements. The results of ECB’s assessment (ACR and Stress test) last November confirm the quality of the group’s assets and its capacity to withstand major crisis scenarios in the financial markets.

Philippe Masset, CEO Bank Degroof Petercam:
“This pooling of our forces following the merger gives our customers the best of two leading companies in the field of specialized investment services and high value-added expertise. In addition to our offices in Belgium, our group also has a strong international presence, and we have the ambition to continue to develop in Spain”.

Guillermo Viladormiu, CEO of Bank Degroof Petercam Spain: “We are delighted to be able to offer more services to our clients under this new brand, within a group which is well-equipped to meet the technological challenges and regulations of the future. We intend to continue with our growth ambitions in Spain, while maintaining our personal approach towards our clients and our tailor-made solutions which have always been our strength.”

Contact us
Alexandra Niehe Head of corporate communications
Thomas Van Rompuy Senior Executive Advisor - media relations, economics, Bank Degroof Petercam
Alexandra Niehe Head of corporate communications
Thomas Van Rompuy Senior Executive Advisor - media relations, economics, Bank Degroof Petercam
About Degroof Petercam Belgium

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 financial intermediation) and asset services. We manage assets of more than 55 billion euro for private investors and families, corporates, pension funds, universities, insurance companies, governmental and non-profit organizations.

Headquartered in Brussels, we employ around 1 370 professionals through offices in Belgium, Luxembourg, France, Switzerland, Spain, The Netherlands, Germany and Italy.

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