2020
2020
report Activity report Activity Dear clients, employees, partners and shareholders,
2020 turned our lives upside down and forced The financial results are satisfactory, and us to adapt far more than we could have enable us to go on investing in the future on a imagined. Uppermost in our minds are those sound footing. Our priorities for 2021 will build of you who have lost a loved one to the on our efforts to strive for quality in the way coronavirus. Our thoughts also go out to those we fulfil our clients’ instructions. who found the lockdowns particularly trying Now that we have finished investing in our due to isolation or difficult family or work Franco-German IT platform, we can roll out circumstances. I must once again express ambitious digital tools across the entire Group thanks for the unfailing responsiveness of and bring our German and French teams closer all of the Group’s teams, who have displayed together in operational terms. great solidarity with each other and quite exemplary professionalism. Unlisted assets are a strategic area of focus. We would like to further strengthen our In business terms, 2020 ended as positively private equity, investment capital and private for the Group as it could have in the debt offering. We reaffirm our commitment circumstances. to sustainable and responsible long-term investment solutions. The robust performance of our funds and portfolios was welcomed by our clients and Finally, all of the focus that we put on our earned us numerous accolades. We continued teams, whose talents and ability to work to innovate in our products and services, with together make the company as strong as new unlisted asset investment solutions and it is, continues to be of key importance. the development of decision-making tools based on artificial intelligence, among other May I say on behalf of the whole Executive things. We formed tie-ups with new European Committee that I hope you will enjoy reading partners in our equity brokerage functions: our annual report. ABN AMRO in the Netherlands and BBVA in Spain. We consolidated our presence in Switzerland by acquiring Landolt & Cie. PHILIPPE ODDO General Partner and CEO, ODDO BHF
Of course, there is not enough space here to give an accurate picture of everything that our teams achieved thanks to the trust that the 21 March 2021 Group’s clients place in us, and we thank them very sincerely. 06 The Group 32
Our expertise
36 PRIVATE WEALTH MANAGEMENT
42 ASSET MANAGEMENT
44 ASSET MANAGEMENT
48 PRIVATE ASSETS
50 INDEPENDENT FINANCIAL ADVISORS
52 ASSET SERVICING
54 CORPORATES & MARKETS
22 56 EQUITY BROKERAGE
58 FIXED INCOME BROKERAGE Our responsible commitment 60 CORPORATE FINANCE
62 METALS TRADING
64 INTERNATIONAL & CORPORATE BANKING 66
Our management 01
The Group
A HISTORY GOING BACK CENTURIES — 08 HIGHLIGHTS OF THE YEAR 2020 — 10 OUR LOCALIZATION: EUROPEAN ROOTS — 16 A UNIQUE PARTNERSHIP PROGRAMME — 18 KEY FIGURES — 20 06 THE GROUP 1849 8 THE GROUP 1987 1997—2011 9
ODDO & Cie grows rapidly and continuously, Philippe Oddo both internally and externally, becomes a partner in 1987 acquiring Delahaye Finance, Camille Gautier together with his brother Pinatton, NFMDA, CLSE, Cyril becomes a stockbroker in Pascal Oddo. They appoint a Finance, Banque d’Orsay and Marseille. management team in 1995. Robeco.
1854 2009 2015 - 2016
Franco-German development A history ODDO & Cie acquires Close going back Brothers Seydler and Meriten Frankfurter Investment Management in Bank The Oddo 2015 and BHF-BANK in 2016.
is founded as the central Research Institute The aim is to become one of bank of Frankfurt. is founded in Tunis. the leading financial services centuries providers in the eurozone.
1856 1884 1966 2017 2018
Opening of the Developments high-rise bank The brokerage businesses tower in Frankfurt and equity research activities Berliner Handels- Carl Fürstenberg am Main Transformation of Natixis in France are gesellschaft (BHG) joins BHG. Under his leadership, designed by Sep Ruf (Bauhaus). The Group becomes ODDO transferred to ODDO BHF. is founded at the time of the it becomes one of the leading It is the highest building in the BHF and appoints a Franco- Acquisition of ACG Capital economic upturn in Germany. banks in Germany. city at that time. German management team. (private equity).
1970 1971 2020
Bernard Oddo Strategic Consolidation Merger founds his own company as a partnerships in Switzerland BHG and Frankfurter Bank broker. He rapidly introduces a ODDO BHF signed a strategic ODDO BHF completed the merge to create BHF-BANK. system through which employees partnership for Equity Brokerage acquisition of the oldest bank This development attracts can participate in the capital – with ABN AMRO in the Netherlands in French-speaking Switzerland, significant attention in the foundation of the current and BBVA in Spain. Landolt & Cie, which is based in Germany. partnership programme. Lausanne and Geneva. THE GROUP 10 HIGHLIGHTS OF THE YEAR 2020 11
2020 Highlightsof SEPTEMBER 2020 the year Strengthening our brokerage platform in Europe
FEBRUARY 2020 The award ceremony for the Franco-German Within the space of a few weeks, we signed Business Prize and the Cultural and Creative partnership agreements for our equity Sectors Prize held by the Franco-German brokerage function with two large European Chamber of Commerce and Industry took banks, the first in the Netherlands – ABN place in Paris on Thursday 6 February 2020. AMRO – and the second in Spain, BBVA. Philippe Oddo The Chamber’s jury decided to award the Prize These alliances with leading European We are very happy to have for Business Figure of the Year to Philippe players follow on directly from the formed these partnerships. These
was named as the 20 Franco-German Oddo. This accolade highlights ODDO BHF’s agreement that we reached three years new collaborations are bringing business and entrepreneurial success in France ago with Natixis in France. Our ambition is to complementary teams, expertise figure of the year and Germany. create one of Europe’s biggest investment, and markets together with a view capital increase and stock exchange
20 flotation platforms for businesses. to creating a European leader by the Franco- The strength of the relationship and a consolidating force in the German Chamber between France and Germany stems This will enable us to expand our financial brokerage market. primarily from the fact that France analysis expertise with very regular monitoring of 110 stocks in the Netherlands, of Commerce and Germany form the economic heart Following on from the formation Belgium and Luxembourg, and over 60 on of the Eurozone, accounting for 65% of our partnership with Natixis the Iberian peninsula. These agreements will of European market cap. In a context enrich our expertise and our knowledge of in 2018, these alliances dovetail shaped by Brexit and the growing these regions, for both the advisory teams with our Europe-wide strategy of power of the USA and China, we need and also the discretionary private wealth creating a leading independent more trade and closer ties between management teams, and also for all of our financial group in the Eurozone. our two countries. We must build a business functions. We plan to continue offering our Europe of the future for the young clients an ever wider range of generations and encourage mobility services and forms of expertise. and learning by developing initiatives such as European civic service or Erasmus for Businesses. CHRISTOPHE TADIÉ GLOBAL HEAD OF CORPORATES & MARKETS
PHILIPPE ODDO GENERAL PARTNER AND CEO OF ODDO BHF THE GROUP 12 HIGHLIGHTS OF THE YEAR 2020 13
DECEMBER 2020
Switzerland rd becomes our 3 Landolt & Cie has a long tradition DECEMBER 2020 as the oldest bank in Western domestic market Switzerland, like ODDO BHF, and with the acquisition is one of the leading private bank in Switzerland. We are pleased to Strengthening of Landolt be represented in Geneva and Lausanne in addition to our bank in our Private Assets We completed the acquisition of the oldest Zurich. Switzerland is an attractive activities bank in French-speaking Switzerland, banking center for German, French Landolt et Cie, which is based in Lausanne and international clients and we now and Geneva and will complement our On the back of a productive and defining 20 operations in Zurich at our German bank. want to further expand our activities year for the Private Equity and Private Debt The Vaud-based Landolt bank specialises in wealth management, asset functions in 2020, ODDO BHF is strengthening in private wealth management, and we are management and corporate banking. its private asset management activities with considering the idea of further developing the launch of a Venture Capital business.
20 the company’s expertise there. With over EUR 2.5 billion raised by the end of JOACHIM HÄGER 2020, the incorporation of this new function This acquisition gives us access to the GLOBAL HEAD OF PRIVATE providing financing to younger businesses will opportunities afforded by Switzerland, WEALTH MANAGEMENT broaden our unlisted expertise and enable us which, like Germany, is home to many to offer unique investment solutions tailored Drawing on our Private Equity, family-owned companies and a substantial to our clients’ expanding needs. Private Debt and Venture Capital industrial base. Switzerland is at the cutting edge of fields including healthcare, expertise, we are happy to be This year, the Private Assets offer has also food processing, watchmaking and, more able to offer innovative solutions been enlarged with thematic strategies generally, services. to our investors. We offer them by launching two funds: a senior private unlisted strategies that address debt fund dedicated to the financing of By marrying together two complementary both the big challenges affecting Mittelstand companies; and a private equity institutions, one based in French-speaking fund dedicated to ecological transition. our society and also market Switzerland and the other in German- speaking Switzerland, this tie-up will enable opportunities. This complementary approach towards clients to benefit from pooled expertise investments targeting different stages in the and knowledge and access a wider range life cycle of companies, which involves equity NICOLAS CHAPUT of services, with pride of place being given or debt and addresses specific themes, GLOBAL CEO OF ODDO BHF to responsible, sustainable and ethical ASSET MANAGEMENT confirms our ambitions to expand our offering investment. & PRIVATE ASSETS across the broad spectrum of private assets. THE GROUP 14 HIGHLIGHTS OF THE YEAR 2020 15
DECEMBER 2020
The Group has made excellence, innovation and its customer experience central to its ambitions by completing the process of INNOVATION IN JULY 2020 CREATION OF SPAREWELL creating a unique IT platform and adding SITE, A BUSINESS INSPIRATION WEBSITE, FOR AND BY a Marketing Department to the Group’s MILLENNIALS Executive Committee. In this unprecedented period, a unique website offers French people aged 25–45 2020 saw the completion of a unique To identify and implement ways of improving real-life stories, features and financial
IT platform which enables us to make our customer experience, we created a and wealth advice to help them to turn 20 innovation, agility and our customer Marketing Department at Group level in their plans and ambitions into meaningful experience central to our strategy. July. Its role is to coordinate and implement reality. Millennials talk frankly about their our efforts to transform our customer experiences, assets, problems experience, with emphasis being laid on and aspirations. 20 The completion of our IT digital technology. This new department is platform, the only one of its kind, headed by Agathe Schittly, who joins the Our generation rarely has now enables us to focus our efforts Group’s Executive Committee. the chance to speak, yet it has and our investments on continuous big ideas. To put its plans into improvement of the user effect, it needs to be able to rely experience, digitalisation of our My ambition for this new on inspiring examples and sound customer journey and innovation. Marketing Department is to develop intelligence and tools to improve advice. our customer experience from end ANNE BISMUT OLIVIER ROLLAND to end. Our Group's Franco-German GLOBAL HEAD OF LEGAL HEAD OF INFORMATION business model is unique. We are DEPARTMENT, ODDO BHF ASSET TECHNOLOGY keen to offer our clients an equally MANAGEMENT, CO-FOUNDER unique experience. OF SPAREWELL
AGATHE SCHITTLY CHIEF MARKETING OFFICER THE GROUP 16 OUR LOCALIZATIONS: EUROPEAN ROOTS 17
Stockholm
+ INTERNATIONAL OurEuropean localizations: roots
New York Hong Kong
Abu Dhabi Hamburg
Hanover Hô-Chi-Minh-City Amsterdam Münster Berlin HEADQUARTERS
LOCATIONS Essen Düsseldorf Cologne
Frankfurt Brussels Mainz Luxembourg Nuremberg Paris Stuttgart
Strasbourg Baden-Baden Munich Our business lines
PRIVATE WEALTH MANAGEMENT ASSET MANAGEMENT Lausanne Zurich Geneva Our personalized approach and our values, Our independence allows our teams to be Lyon unique to an independent private family responsive, flexible and innovative in order Milan bank, incentivizes our teams to find to constantly find solutions adapted to personalized and innovative solutions for the needs of our institutional clients and wealthy private individuals, entrepreneurial distribution partners. We offer our clients Marseille families, family offices and foundations. active and sustainable investment solutions across various asset classes: equities, fixed- income, multi-asset, private equity and private debt. CORPORATES & MARKETS Madrid
Our extensive expertise in research and Thanks to our strong roots in Germany, France and brokerage, both in the equity and credit Switzerland, we stand for unique expertise in Europe, which markets, as well as in advising on mergers and acquisitions, financing solutions for we offer our clients all over the world, be they private companies and trading in non-ferrous metals individuals, companies or institutional investors. allows us to support our clients in everything they wish to undertake.
Tunis THE GROUP 18 A UNIQUE PARTNERSHIP STRUCTURE 19
DIGITISING OUR OFFERING partnership TO OUR EMPLOYEES In 2020, we digitised our offering to our A unique employees so that we can get closer to them and our candidates in the context of the structure health crisis. The partnership programme initiated by Bernard Oddo has We were able to help our employees to been a key element of our human resources policy for several master the new digital tools. In particular, we trained them on digital pitching and hybrid decades. It enables employees to assume joint entrepreneurial working methods. Managers were given responsibility and creates an extremely high level of customer support through crisis coaching sessions. focus based on shared interests. We maintained and strengthened our links with employees through remote interviews and arranged Digitalks, which gave young talent and the Executive Committee SHAREHOLDER STRUCTURE a chance to interact with each other.
We kept up our efforts to attract young talent by continuing to recruit trainees, EMPLOYEES apprentices, VIE [International Business Programme] participants, Graduates and 25% permanent staff throughout the year in each of our areas of expertise. This was done 235 ODDO FAMILY 65% through digital recruitment events such as the ODDO BHF Talents Day. staff on permanent contracts recruited in 2020 10%
OTHERS, INCLUDING: › Bettencourt Meyers family (Téthys) › Natixis › Thierry Lombard and Pierre Landolt 148
recruitments to junior positions (<30 years old) in permanent contracts
AURORE The Group has a unique shareholding VAN DER WERF structure because its capital is 65% owned
Head of Human Resources by the Oddo family and 25% is owned & Corporate Social by the teams. This partnership-based Responsibility approach is a guarantee of long-term team involvement. THE GROUP 20 KEY FIGURES 21
€ 624 M
net banking income
OLIVIER GAUCHERON
Group Chief Financial Officer
Despite a challenging context, Group figures € 940 M remain robust in 2020. It allows us to continue to invest for our clients in 2021.
equity Key figures 16% BBB
solvency ratio (CET 1) Fitch Ratings note*
2,500 € 125 BN
employees client assets
*negative outlook 02
Our responsible commitment
FOSTER A SUSTAINABLE FUTURE WITHIN OUR BUSINESSES — 26 CHAMPION OUR EMPLOYEES — 28 WORK TOWARDS A COHESIVE SOCIETY — 29 REDUCE OUR ENVIRONMENTAL IMPACT — 30 22 OUR RESPONSIBLE COMMITMENT 24 INVESTING TOGETHER FOR A RESPONSIBLE FUTURE 25
Our entrepreneurial culture and our Investing together ambitious long-term goals are geared for a responsible future towards offering the best possible quality of service to both our clients and our employees.
4 PILLARS OF OUR RESPONSIBLE A dedicated team has been created to COMMITMENT realise this ambition. It is supported by the relevant ESG experts and representatives of the business functions concerned (Procurement, IT, HR, Logistics, Marketing and Communication). To involve all of the Foster a sustainable future Group’s employees in this effort, we rely on committees of employees who voluntarily 01 within our businesses help to drive and implement the Group’s many actions.
02 Champion our employees
Work towards ODILE JOURNY 03 a cohesive society Head of HR Development & Corporate Social Responsibility
Reduce our CAROLINE 04 environmental impact D’HÉROUVILLE Corporate Social Responsibility Project Manager OUR RESPONSIBLE COMMITMENT 26 INVESTING TOGETHER FOR A RESPONSIBLE FUTURE 27
01
Foster a sustainable future within our businesses
Our businesses have developed products and services that tie in with our commitments to sustainability.
ASSET MANAGEMENT CORPORATES & MARKETS PRIVATE WEALTH MANAGEMENT
ODDO BHF Asset Management has been This so-called “best-in-universe” approach ESG (Environment, Social, Governance) analysis ODDO BHF Private Wealth Management acts committed to sustainable investment since whereby we attach particular importance to has been developed within the ODDO BHF as a fiduciary in the best interest of our clients 2006. This commitment is displayed through human capital and governance, which have Corporates & Markets ESG equity research to improve their long-term financial outcomes. our active involvement in large-scale initiatives historically been research areas within the department since 2005. Since 2019, Credit We strongly believe that integrating ESG such as the Responsible Investment Forum ODDO BHF group, strengthens long-term Research has also been developing an ESG criteria into our investment processes leads to (FIR), the Forum Nachhaltige Geldanlagen fundamental management in order to fully analysis method to be incorporated into all higher risk-adjusted returns. We recognize our (FNG), the Principles for Responsible implement a responsible and sustainable research. responsibility as a leading French-German bank Investment (PRI), and the United Nations approach. to provide sustainable investment solutions Global Compact. In parallel, our metals trading business and aspire to be an industry leader in how we supports its clients, who are always seeking incorporate sustainability information into This strong commitment, which has enabled to improve their impact on society and the our research, stock selection and portfolio us to make our mark as a responsible asset environment, in their sustainability efforts. construction processes. manager over the years, has gradually been reflected in our various areas of management Our various Corporates and Markets functions expertise. We are convinced that sustainable have incorporated social issues into their investment can be a long-term driver of efforts and activities, and are having a performance for our clients, provided that we positive effect on the financial leverage favour the companies that are rated most that businesses can exert on sustainable highly in the investment universe as a whole, development. and not just within each sector. OUR RESPONSIBLE COMMITMENT 28 INVESTING TOGETHER FOR A RESPONSIBLE FUTURE 29
02 03
With two dedicated bodies, the ODDO BHF Acting for Tomorrow endowment fund Champion Work towards and the independent BHF BANK Stiftung foundation, the Group aims to promote development in the countries in which it our employees a cohesive operates by supporting educational, social society and artistic projects. The Group is involved in charitable work, in which our employees and clients regularly also take part, in line with our strong belief in continuity.
Convinced that diversity The “Mixing” programme aims to promote a within teams is a real driver balance between men and women within teams and at all levels of responsibility. of performance lever, we It is based on three components: designed the “Diversity” program in 2020 which we are → Awareness-raising and involvement of senior currently rolling out within the management: a diagnostic assessment was carried out within each business function Group with support from the in order to identify goals and measurement Executive Committee and which tools for each department is being led by the HR teams. → Coaching and training for management committees, women, managers and all employees
→ Adjusting HR and management processes: recruitment, career management, communication OUR RESPONSIBLE COMMITMENT 30 INVESTING TOGETHER FOR A RESPONSIBLE FUTURE 31
04 Reduce our environmental impact
In line with our desire to be a responsible actor through our investment policy, we also wish to limit our own impact on the environment and make sure that we keep our carbon footprint under control.
The carbon assessment that was carried out in 2020 using 2019 data is enabling us to keep track of our carbon emissions and establish the basis on which we implement our action plan.
The priorities identified for the purpose of achieving a credible reduction target cover five areas:
→ An ever more responsible and low-carbon procurement policy
→ A decarbonised mobility policy (business travel and travel between home and the workplace)
→ Optimised use of buildings (energy, waste, layout, etc.)
→ Enhancing our responsible digital technology approach (lifetime of equipment, etc.)
→ A system for internal and external communication and awareness raising around the issue of climate 03
Our expertise
OVERVIEW — 34 PRIVATE WEALTH MANAGEMENT — 36 ASSET MANAGEMENT — 42 CORPORATES & MARKETS — 54 32 OUR EXPERTISE 34 OVERVIEW 35
We are business architects, with cross- business know-how, offering a broad range of financial services fitted to all your needs.
› ASSET MANAGEMENT
High-quality, sustainable and made-to-measure solutions
› CORPORATE FINANCE
Support in finding investors, advice on your activity
› METALS TRADING
YOU ARE YOU ARE Metal supply, logistics, hedging AN INSTITUTIONAL A COMPANY and financing solutions INVESTOR YOU ARE AN ASSET MANAGER, DISTRIBUTOR › CORPORATE FINANCE › INTERNATIONAL BANKING OR AN IFA › ASSET MANAGEMENT → Mergers & Acquisitions Advice and customized financing → Financing Consulting Bespoke investment solutions solutions, › INDEPENDENT FINANCIAL ADVISORS → Debt advisory tailored to your needs export transaction hedging, commodity → Professional advice on going High quality solutions transaction financing public, carrying out a capital for your client’s problematics
› ASSET SERVICING increase or placing a block, capital structure optimization Institutional fund platform, › ASSET MANAGEMENT → Fundraising YOU ARE administrative and regulatory support A PRIVATE CLIENT A broad range of best in class investment solutions › CORPORATE BANKING › BROKERAGE — EQUITIES & BONDS › PRIVATE WEALTH MANAGEMENT → Credit, leases, treasury › ASSET SERVICING High quality research and a complete to help you grow your business Tailor-made advice, long-term trading execution service → Leveraged finance solutions outstanding performance and access Back-office solutions, administrative & access to German corporate loan portfolios to access to private asset investments and regulatory support PRIVATE WEALTH MANAGEMENT OUR EXPERTISE 38 PRIVATE WEALTH MANAGEMENT 39
PRIVATE WEALTH MANAGEMENT
individual adviceComprehensive for high-net-worth individuals, entrepreneurs,
LAETITIA family offices and TAVIGNOT
Head of High Net foundations Worth Clients France
At ODDO BHF Private Wealth Management, we aim to deliver the best service to meet our clients’ needs We meet our clients unique requirements from one generation to through comprehensive advisory services FIRSTFIVE another. Our clients deserve for private and corporate wealth. Safeguarding excellence, we are proud to and increasing the value of the assets 2021 provide it. entrusted to us take the highest priority. „BEST ASSET FOR THE “3 JOACHIM HÄGER YEARS” AND → Customized MANAGER“ “5 YEARS” Global Head ODDO BHF → Comprehensive INVESTMENT Private Wealth Management Transparent with regard to performance, → PERIODS risks and costs The values of a family- ELITE owned private bank and REPORT 2021 continuity of our relationship A wide range of individualized services OVER IN ASSETS management ensure that FOR THE 15TH → Asset management UNDER „SUMMA the long-term interests of * CONSECUTIVE → Active advice 35 BN MANAGEMENT CUM LAUDE“ our clients are always at the TIME → Financing solutions heart of everything we do. → Succession planning → Foundation concepts → Family office services OVER GERMANY → Liquidity and foreign exchange management EMPLOYEES 3 FRANCE → Sustainable investment solutions 400 COUNTRIES SWITZERLAND → Private equity, real estate and venture capital investments → Corporate advisory
*excluding Landolt & Cie. OUR EXPERTISE 40 PRIVATE WEALTH MANAGEMENT 41
PRIVATE WEALTH MANAGEMENT Our clients benefit from the all-round expertise of the ODDO BHF Group regardless of their place of residence. In addition to our headquarters in Frankfurt and Paris and our private banks in Zurich, Lausanne and Geneva we have a close-knit network of branches in our three core markets. An advisor provides a The European for high-quality central point of contact and coordinates the entire business relationship with our clients, while also using solutions from platform other business units as required. private wealth management FRANCE
Hamburg
Münster Berlin Hanover LAURENT BASTIN JEAN-PHILIPPE ARNAUD TASLÉ D’HÉLIAND ROCHEFORT Essen CEO France Düsseldorf Chairman France Head Key Clients France Cologne
Frankfurt SWITZERLAND Nuremberg Mainz
Baden-Baden Munich Paris Strasbourg Stuttgart
Zurich DR ERICH PFISTER FLORENT PRATS ALEXIS LOMBARD
Lausanne CEO ODDO BHF CEO Landolt & Cie Head Key Clients Geneva (Schweiz) AG Switzerland
Lyon GERMANY
Marseille
MATTHIAS DR PETER M. HAID UWE SEEBERGER MICHAEL JÄNSCH SCHEFFNER Head German Regions Head German Regions Head Key Clients Head German Regions Central & South West South Germany North & West ASSET MANAGEMENT 44
PRIVATE ASSETS 48
INDEPENDENT FINANCIAL ADVISORS 50
ASSET SERVICING 52
ASSET MANAGEMENT OUR EXPERTISE 44 ASSET MANAGEMENT 45
ASSET MANAGEMENT Our asset management activities offer a long-term perspective, designed around the needs of each client. As a leading independent European player, we offer active and sustainable investment solutions to institutional clients, Active and sustainable financial intermediaries, and third-party distributors. Our complementary fields of expertise include Equities, investment solutions Fixed-Income and Multi-Asset.
Active and long-term oriented
Our investment style is characterized by a long term and active management. It aims at outperforming markets in a bid to deliver value for clients.
Consistent investment processes
Our strategies are backed by stable and EUR ASSETS 4 experienced portfolio management teams. PARIS UNDER The consistency and transparency of INVESTMENT DÜSSELDORF NICOLAS CHAPUT 55.9 BN MANAGEMENT investment processes are a prerequisite to CENTRES FRANKFURT Global CEO ensure sustainable performance. LUXEMBOURG ODDO BHF Asset Management & Private Assets EUR Innovation is in our DNA ASSETS SINCE Resolutely client-first, we INTEGRATING are committed to offering our BN ESG CRITERIA Our business is built on a culture of innovation. 18.4 clients high-quality solutions. IN GERMANY Over the last few years, we have continued 1969 Driven by our convictions and to innovate by building new solutions for our independence, we also act our clients, such as the use of artificial proactively and responsibly in SINCE intelligence in investment processes. EUR ASSETS promoting sustainable finance WITH AN ESG that can achieve long-term BN LABEL 5.0 IN FRANCE 1989 performance. Sustainable investment
Sustainable investment has always been deeply rooted in our corporate DNA. Since EMPLOYEES 330 2012, we have launched a range of funds that place environmental, social and governance (ESG) criteria at the heart of their investment processes.
* Source: ODDO BHF AM SAS, MorningstarTM OUR EXPERTISE 46 ASSET MANAGEMENT 47
ASSET MANAGEMENT andHigh-quality, sustainable made-to-measure solutions
OUR INVESTMENT Fundamental Equities OUR LONG-TERM COMMITMENT CAPABILITIES TO SUSTAINABLE INVESTMENT Employ a bottom-up investment approach, underpinned by fundamental research, with We offer a wide range of single-country, the aim of generating outperformance. The world is at a major turning point in its regional and global capabilities across history. The impact of climate change, MARTINA MACPHERSON equities, fixed income and multi-asset, Quantitative Equities particularly extreme weather events, is now delivered through a diverse set of investment being felt by all. The digital transition, amplified Head of ESG Strategy Use models to identify investment vehicles. Whatever the geography by artificial intelligence, is gradually spreading ODDO BHF Asset Management opportunities and seek to generate or the asset class, sustainability is one into all day-to-day activities. These disruptions & Private Equity performance under a strict and efficient risk of our main pillars. are transforming the way we produce and management approach. ESG is a core part of our vision, consume, our ecosystems, the way we live and work and interact with one another, and mission and investment strategy. Over Multi-Asset our very identities. At ODDO BHF Asset the last few years, we have made Management, we believe that the investment important progress in defining and Design the best combination of asset classes world must make an active contribution to this implementing our ESG integration and according to clients’ needs with a dynamic transformation which, while it is a necessity, climate transition strategy as well as in allocation. also offers some tremendous opportunities. developing an active ownership approach. Thematic Equities That’s why we have developed a range of ESG This integrated ESG strategy enables funds. Through various asset classes, these us to better meet our clients’ needs, Adopting a long-term view, grounded in the funds give our clients a direct access to the to grow as a business and to adapt in potential performance of financial markets, trends that are deeply transforming our a rapidly changing world. Our ambition societies and markets, is key to delivering value. while contributing to the positive revolution is to increase our ESG efforts across occurring in our societies. asset classes and to develop a strong Fixed Income stakeholder dialogue on material ESG Aim to deliver income-oriented solutions for issues with clients, investors, employees our clients through bottom-up credit analysis and with the ESG community in all interest rate environments. in which we operate. OUR EXPERTISE 48 ASSET MANAGEMENT 49
PRIVATE ASSETS We offer a wide range of private assets solutions dedicated to long-term investment, for institutional clients as well as high net worth clients. Our Private Equity investment & Private Debt teams have a proven strong track record in structuring multi-investor funds and custom-made solutionsPrivate Assets solutions, across multiple investment cycles. adapted to the growing needs Private Equity Private Debt of our clients → An experienced team of 20+ years track → Senior financing of small and medium size record with a global expertise across companies in Germany, with a unique local primary, secondary and co-investments presence in Frankfurt. strategies. → Leveraging on the BHF Bank historical → With €2.5bn committed capital, track record since 1987, our Private Debt ODDO BHF Private Equity has completed investment team has a comprehensive more than 400 investments with an exposure coverage of the Mittelstand segment and to over 3,000 companies. benefit of a large proprietary deal flow.
→ Long-lasting network with Private Equity → Being one of the largest and established industry leaders and independent boutiques, European lending partners with a team providing exclusive sourcing capabilities. dedicated to leveraged finance since HIGHLIGHTS OF THE YEAR 1987, the team strategy focuses on EUR senior secured debt across sponsorless transactions, capex financings and 2.5 BN JUNE 2020 1 ST CLOSING OF recapitalizations/refinancings. OUR MITTLESTAND PRIVATE DEBT FUND AT €131M JÉRÔME MARIE TEAM OF WHICH 15 INVESTMENT Managing Director PROFESSIONALS ODDO BHF Private Equity 22 SEPTEMBER HIRING OF 2 2020 INVESTMENT Our experience and flexibility MANAGERS MARKUS GEIGER provide our clients with exclusive SPECIALIZED IN access to outstanding opportunities Head of Private Debt INVESTMENT PARIS VENTURE CAPITAL in the world of private equity. CENTERS AND FRANKFURT 2020 has been a key milestone year for our private debt activity LAUNCH OF A with our first fund closing and the OCTOBER Venture Capital 2020 PRIVATE EQUITY start of investments despite a FUND DEDICATED → Expertise to be launched in Q4 2021 challenging COVID-19 environment. TO ENERGY TRANSITION OUR EXPERTISE 50 ASSET MANAGEMENT 51
INDEPENDENT FINANCIAL ADVISORS
For over 30 years, we have offered a full range of savings products that is innovative and distinctive, which has been tailored to the needs of our IFA competentA highly partnerinnovative, for partners and their clients. Independent Financial Products with high added value Wide range of digital products → Life insurance contracts developed with → Dedicated partner extranet Advisors major insurance groups that are innovative and tailored to our clients’ wealth → Online services (subscription, payment, requirements: deferred profit sharing, reallocation, redemption, etc.) guaranteed incomes for life, Luxembourg offering with a specialised insurance fund → Simulators (fund performance, pensions, in Switzerland, and more. contracts, costs and fees, etc.)
→ Unlisted real estate or SCIs [property investment companies] which are eligible for life insurance
→ Structured products: ODDO BHF Derivative Solutions platform available to our IFA EUR ASSETS partners, with dedicated products on offer UNDER 7 BN MANAGEMENT → Private equity: secondary market funds, private debt funds, etc.
BERTRAND SANCE 800 IFA PARTNERS Unique service Independent Financial Advisors → Assignment of a named sales contact France and Belgium person and a named sales advisor Innovation and CLIENTS 80,000 pursuit of excellence: the → The ODDO BHF group’s expertise in asset management same DNA for over 30 years. We are proud to 45 INCLUDING 15 → Asset management lead a great team that SALESPEOPLE works hard to offer our EXPERTS BASED IN FRANCE partners the best service. DEDICATED AND BELGIUM OUR EXPERTISE 52 ASSET MANAGEMENT 53
ASSET SERVICING INSTITUTIONAL FUND PLATFORM EUR ASSETS UNDER The Institutional Fund Platform (IFP) is the B2B 21 BN ADMINISTRATION fund platform of ODDO BHF Group. It is tailored exclusively to institutional clients. We have product range been your reliable partner in the fund and platform business for over 15 years. Our client DISTRIBUTION Comprehensive focus is on insurance companies, pension 300 AGREEMENTS funds, custodians and asset managers. ODDO to support the business operations BHF is the modern, flexible platform offering more than 33,000 investment funds from 300 INVESTMENT of banks, asset managers investment management companies. 33,000 FUNDS and insurance companies Service Portfolio SVEN GRÄBEDÜNKEL → Order execution → Custody & Administration Head of the Institutional Fund Platform → Trailer Fee Management
Extensive Product Portfolio Despite the complexity of the
→ Investment funds transactions we manage, we aim to → Exchange traded funds develop the simplest possible solutions → Hedge funds for our clients. KATJA MÜNCH FUND SERVICING
Co-Head of ODDO BHF AM Fund Servicing ODDO BHF AM Fund Services offers customised fund solutions for family offices, foundations and institutional clients. ODDO BHF AM offers administrative and regulatory solutions and STEPHAN TIEMANN OUR BACK OFFICE connects the portfolio manager with the fund RAPHAËL Co-Head of ODDO BHF AM SOLUTIONS initiator in line with a common strategy. Our VAN ZEEBROECK Fund Servicing fund solutions consist of UCITS and alternative Head of Account Safekeeping → Private banks funds in Germany as well as a wide range of and Custodial Services → Asset managers of listed Our Fund Services team Luxembourg fund structures. We employ the full and non listed assets supports family offices, scope of our expertise here, involving German, Our teams are proud to put their → Life insurance companies French and Luxembourg teams. foundations and institutional skills and expertise at your disposal clients with their fund projects. every day. Our efforts are focused on We offer customised fund solutions service quality and responsiveness. involving several segments and EUR ASSETS We endeavour to find innovative EUR ASSETS portfolio managers and also UNDER solutions to meet the challenges UNDER launch and manage partner funds 8.5 BN ADMINISTRATION within our sector, which is undergoing 35 BN ADMINISTRATION on behalf of independent fund fundamental change. Ongoing managers. investments in our tools enable us FUND calmly to support our clients through 89 MANDATES these changes. 160,000 ACCOUNTS EQUITY BROKERAGE 56
FIXED INCOME BROKERAGE 58
CORPORATE FINANCE 60
METALS TRADING 62
INTERNATIONAL & CORPORATE BANKING 64
CHRISTOPHE TADIÉ
Global Head of Corporates & Markets
In addition to our Private
Banking and Asset Management offer, clients and partners benefit from the in-depth expertise and know-how of all our ODDO BHF Corporates & Markets teams: equity and fixed income research & brokerage, corporate finance, international banking and metals CORPORATES trading. Above all, at ODDO BHF Corporates & Markets, we seek to offer our partners excellence in & MARKETS service and execution. OUR EXPERTISE 56 CORPORATES & MARKETS | EQUITY BROKERAGE 57
EQUITY BROKERAGE
We ensure the most comprehensive Our corporate broking platform coverage of equity markets in offers a wide range of services Germany and France With almost 100 liquidity contracts → Real proximity to issuers: we organize over (the leading provider on the market) and The reference broker 400 roadshows for investors each year, as a significant market share in share buybacks European well as around 10 conferences, including (over 25%), Corporate Broking in France, for equities the ODDO BHF Forum in Lyon, at which over together with our partner Natixis, has a 250 issuers and 540 investors exchange team of 10 experienced experts information at 6,600 face-to-face meetings at its disposal.
→ Comprehensive research with in-depth ODDO BHF via ODDO BHF Corporates We act as an efficient PARIS sector-specific knowledge and specialization & Markets AG enjoys a leader position in Germany with over 140 DSP contracts. interface between 7 LYO N in large and mid-cap stocks in Germany FRANKFURT and France institutional investors, BRANCHES NEW YORK issuers and equity markets. TUNIS OLIVER ROTH MADRID Executive Vice President EMIRA SAGAAMA AMSTERDAM ODDO BHF Corporates ESG Analyst & Markets AG
At ODDO BHF Corporates & Markets AIM 600 STOCKS ° At ODDO BHF Equity Research, AG we specialize in Equity and Fixed N 1 we have developed a strong Income Market Making at the Frankfurt FRENCH ESG expertise since 2005. We Stock Exchange, Fixed Income Trading, RESEARCH BY SECTOR perform in-depth studies on key Designated Sponsoring and Capital ESG themes, and are integrating Market Advisory. As an important part of a proprietary ESG analysis ODDO BHF Corporates & Markets, we are methodology in our coverage. able to offer the entire range of banking ° Our team has expanded in 2020, services of the ODDO BHF Group to our N 2 we are now 4 dedicated analysts. business partners in Germany.
MATTHIAS SYLVAIN INSTITUTIONAL FOR FRENCH DESMARAIS TESSIER → An experienced sales team that supports Corporate Broking activities will continue EQUITIES and advises investors as regards to their expansion with an upcoming cooperation INVESTORS Deputy Head Deputy Head the investment process and portfolio starting in 2021 with ABN AMRO for of Equities of Equities management for French, European Benelux issuers. and North American clients EUROPEAN After the successful partnership with TOP 10 SALES Natixis in 2018, ODDO BHF Equities signed 2 new → Thanks to our strong positioning on the PLATFORM Retail partnership in 2020 with ABN AMRO and BBVA. equity capital market and together with our With these 2 new partnerships entering in Force partner Natixis, we are a key leader in French ODDO BHF is the exclusive broker to in 2021, ODDO BHF reinforces its leading position ECM transaction with particular footprint in the BPCE Group for executing global stock
EXECUTION in the Equity Brokerage in Europe and becomes Healthcare, CleanTech and Sector Impact. trading flows in the retail sector. 60 VENUES a leading distribution platform for ECM. OUR EXPERTISE 58 CORPORATES & MARKETS | FIXED INCOME BROKERAGE 59
FIXED INCOME BROKERAGE
An independent CHRISTOPHE QUESNEL CAROLE BRAUDEAU Head of Fixed Income Brokerage Head of Fixed Income Research Franco-Germana paneuropean player high yield We have strived to With 12 dedicated maintain liquidity amid the analysts, we proud with covid crisis through our ourselves of being one of & convertible value chain: research – repo the largest credit research bond coverage – market making – sales. team in Europe, committed to providing high quality in- depth fundamental credit research to our clients.
STOCKS UNDER FRANCE 415 OBSERVATION 900 BENELUX Access to liquidity SWITZERLAND INSTITUTIONAL on all European markets GERMANY CLIENTS AUSTRIA EUR UK → A comprehensive model offering research, → Publication of 180 credit analyses TRADING EUROPE liquidity and repo services in support per year 21 BN VOLUME SCANDINAVIA of a Europe-wide sales force. → 12 credit analysts, 40 non-deal physical → Access to electronic trading platforms: & virtual roadshows organised in 2020 INCLUDING Bloomberg, Trade web, Marketaxess, EUROMONEY 45 12 CREDIT Liquidnet. → 8 market makers on almost 1,500 ANALYSTS, corporate and financial securities in PEOPLE 2019 8 TRADERS AND → Access to all stock exchanges of the listed EUR and USD that are listed on ALLQ 18 DISTRIBUTION markets: Euronext Paris, Amsterdam, Lisbon, bloomberg.de from 8.30 am to 6.30 pm. SPECIALISTS BEST CREDIT RESEARCH Luxembourg Stock Exchange, Euro MTS, IN EUROPE Italian and German stock exchanges, SWX, → Convertible desk with a trader Bondpoint (USA) and an analyst fully dedicated LISTED BONDS BEST HIGH YIELD → Publication of the daily → Repo desk with an analyst 1,500 EXECUTABLE IN RESEARCH IN EUROPE “Morning credit” newsletter and two traders REAL TIME SINCE 2016 OUR EXPERTISE 60 CORPORATES & MARKETS | CORPORATE FINANCE 61
CORPORATE FINANCE
An independent player in financial Our approach Franco-German consulting for companies The → Expertise and market knowledge Focus on We have a unique integrated platform and SMEs, particularly in Germany and France in-depth expertise on the financial markets, partner for entrepreneurs particularly in Germany and France. Our service → Expertise in the agri-food, biotech includes consulting in relation to M&As, and health, business services, real estate, and investors planned capital measures, financing and shipping, TMT and infrastructure sectors restructuring, bond and private placements, capital increases and IPOs. → Strong technical expertise: equity capital market, public M&As, debt advisory, DCM, capital market advisory, restructuring A long-term partnership and special situations ODDO BHF Corporate Finance with Natixis provides long-term support → Specific sector coverage: agrofood, for companies, entrepreneurs The expertise of the Natixis ECM team and business services (including ECM team independence the extended research and placement on biotechs and medtechs), TMT, and private equity funds. Thanks to our and our unique capital opportunities provided by ODDO BHF offer real estate, shipping market listed companies and IPO candidates unique DNA, we are able access to a broad investor base. → A long-term vision to structure tailor made transactions for family owned companies, listed companies and private GOLDEN TROPHY 35 EMPLOYEES LAURENT BONNIN equity funds. CAPITAL MARKET
Managing Director
SILVER TROPHY TRANSACTIONS PER YEAR FINANCIAL 50 2020 RESTRUCTURING NADINE VELDUNG
Senior Managing Director SILVER TROPHY
ADVICE ON MERGERS AND ACQUISITIONS HIGH-TECH AND JEAN-FRANÇOIS HEALTH SECTOR DELPECH
Managing Director OUR EXPERTISE 62 CORPORATES & MARKETS | METALS TRADING 63
METALS TRADING
Preferred partner for industry
ANTOINE CHACUN A product range covering Head of ODDO BHF Metals the entire value-added chain. In view of the ecological challenges, we remain close to our clients and support them through the industrial transformation. Our physical intermediary services on the ODDO BHF Metals market for non-ferrous metals (aluminium, is certified in copper, zinc, tin, etc.) enable us to offer a full accordance with ISO range of services for the metal-processing OVER 9001 and ISO 14001 industry. We fully support our producer and IN SALES consumer partners with managing and securing 1 BN ON AVERAGE their metal deliveries, financing and hedging risks. We are therefore a point of contact for In a world where the challenges of sustainable all participants in the metal industry, from development have become a priority, our PROCESSING TONS production to transformation, to ensure the implication in metal organizations confirms and 200 COMPANIES 65,000 OF COPPER efficiency and security of material flows in formalizes our approach towards quality and AS CLIENTS IN the automotive, aviation, cable, construction, the environment within the ODDO BHF Group, EUROPE AND chemical and packaging industries. and shows our clients that our approach ASIA is focused on the long term. TONS 19,000 OF ZINC It demonstrates our efforts to continuously TONS OF JENNIFER GECCHELE improve our services by listening to our clients 320,000 ALUMINIUM and placing an emphasis on client service (such Trader, ODDO BHF Metals TONS as in the case of enquiries for deliveries 675 OF TIN of low-carbon aluminium).
Long term partnerships have revealed → Safeguarding supply to be essential during Covid, and will TONS ARE → Hedging market risks COVERED BY also be key to meet the challenge of 50,000 → Optimising and managing processes OTC SECURITIES the ecological transition in our industries. → Global financing of business operations TRADING OUR EXPERTISE 64 CORPORATES & MARKETS | INTERNATIONAL & CORPORATE BANKING 65
INTERNATIONAL & CORPORATE BANKING
International Banking Services Long-term businessinternational relationships → Advice and customised financing solutions → Hedging of long and short-term and exceptional export transactions capital markets FLORIAN WITT expertise → Financing commodity transactions Head of International Banking in emerging markets and Corporate Banking
→ Excellent relations with European Companies foster prosperity ECAs and extensive transaction history as well as international economic, cultural and political exchange. We → Leading digital solutions to support support companies – with short and international trade long-term financial transactions, in We take responsibility for a shared success story. Together transformation processes and with → Our expertise: Trade and export financing, their global trading activities. Our with our clients, we design change and transformation ECA financing, Pre-export financing, Buyer clients hold us in particularly high credits, Letters of credit, Guarantees, processes. As such, we are a special provider for export regard for our dedication in developing Forfaiting, Foreign payments, Forex and trade-related country risks in dynamic regions worldwide, financial solutions for sustainable we support our clients with their foreign operations and transformation and our international expertise in Africa and Central and expansion. Furthermore, we finance corporate change in the South East Asia and now increasingly areas of green and digital transformation. Corporate banking also in the MENA region.
→ Payment and account services: innovative and marketable solutions for the daily Forex business
→ Trade Finance and Working Capital: → Foreign Exchange and liquidity services COUNTRIES from one source 65 AND PRODUCT 20 LANGUAGES Short-Term Finance, Guarantees, Lombard, EXPERTS Borrowing Base & Borrowing Base like structures, Super Senior Working Capital → Competent market experts and an electronic trading platform ensure high MARKET SHARE → Investment & Transformation Credit: quality at competitive prices COUNTRIES 7% IN THE LETTERS Wide range of support programs by 100 COVERED OF CREDIT promotional banks, i.e. KfW programs for → FX overlay as a flexible hedging strategy BUSINESS* green and digital transformation for interest rate and currency management
15 NATIONALITIES * Source: Swiftwatch, FY 2020, confirmed L/Cs Germany 04
Our Management
EXECUTIVE COMMITTEE AND PERMANENT GUEST — 68 MEMBERS OF THE SUPERVISORY BOARD — 70 FRANCO-GERMAN BUSINESS EXECUTIVE COMMITTEES — 72 66 OUR MANAGEMENT 68 EXECUTIVE COMMITTEE AND PERMANENT GUEST 69
PHILIPPE ODDO
*/** General Partner
JOACHIM HÄGER OLIVIER ROLLAND
*/** Private Wealth Management Information Technology
THOMAS AGATHE FISCHER SCHITTLY
Chief Operating Marketing & Digital ** Officer
Executive andCommittee permanent guest GRÉGOIRE CHRISTOPHE CHARBIT TADIÉ
Legal, Compliance, */** Corporates & Markets Strategic Business Development, Credit Risk Management and */** Risk Controlling WERNER TAIBER
Permanent Guest NICOLAS CHAPUT Chairman of the Supervisory Board of ODDO BHF AG Asset Management & Private Assets AURORE VAN DER WERF
Human Resources & Corporate Social Responsibility
*Member of the management team of ODDO BHF SCA | **Member of the Management Board of ODDO BHF Aktiengesellschaft OUR MANAGEMENT 70 MEMBERS OF THE SUPERVISORY BOARD 71
SupervisorMembersy ofBoard the
ODDO BHF SCA ODDO BHF AG
OLIVIER MARCHAL WERNER TAIBER Chairman Chairman Vice Chairman of the Supervisory Chairman of the Supervisory Board, Board of ODDO BHF AG, ODDO BHF Asset Management Chairman, Bain & Company France GmbH, Düsseldorf, and Chairman of the Supervisory Board, ODDO BHF Corporates & Markets AG, Frankfurt DORIS BIRKHOFER am Main SABINE DIEHL HÉLÈNE AURIOL POTIER Executive Director, Chairwoman Executive Vice President, International Affairs, France and Western of the Works Council, Orange Business Services Europe Region, Siemens Building OLIVIER MARCHAL ODDO BHF AG DORIS BIRKHOFER Technologies Vice Chairman Chairman of the Supervisory Board, Executive Director, France and Western Europe ODDO BHF SCA, Paris Region, Siemens Building Technologies Chairman, Bain & Company France, Paris As an employee RONALD What makes ODDO BHF DR. KATRIN BURKHARDT representative on the LATENSTEIN VAN VOORST a unique bank for me is Business Consultant, Berlin Supervisory Board and CEO, Sailfish Management its truly Franco-German SABINE DIEHL* Chairwoman of the Group LAURENT MIGNON (Censor) roots. Through cross-border Chairwoman of the Works Council Frankfurt Works Council, having Chairman of the Management Board of Groupe BPCE, and the Joint Works Council, Chairman of the Board of Directors of Natixis cooperation, ODDO BHF knowledge of both bodies unites the competencies, ODDO BHF Aktiengesellschaft, JEAN-PIERRE PINATTON Frankfurt am Main is greatly beneficial when Former Deputy Chairman of the Supervisory Board expertise and cultures of JUTTA MILKE* it comes to performing my of ODDO BHF AG the teams of both countries Vice Chairwoman of the Works Council various tasks. BERNARD RAMANANTSOA in an exemplary manner, thus Frankfurt and the Joint Works Council, ODDO BHF Asset Management GmbH, Honorary General Director, HEC Paris combining French elegance Düsseldorf BETTINA VON OESTERREICH and German reliability. PROF. DR. BIRGITTA WOLFF CEO, BVO Consult GmbH Professor for Business Administration, PATRICK WERNER Frankfurt am Main CEO, Arum International
MATTHIAS WISSMANN
Partner, WilmerHale
*Employee representative OUR MANAGEMENT 72 FRANCO-GERMAN BUSINESS EXECUTIVE COMMITTEES 73
Franco-GermanExecutive Committees PHILIPPE ODDO DR. STEFAN STEURER Group Asset Management Business — France & Germany — Germany
LAURENT BASTIN MAXIME DUPUIS CHRISTOPHE QUESNEL CHRISTOPHE TADIÉ
Private Wealth Management Asset Management Fixed income Corporates & Markets — France — France — France — France & Germany
JEAN-PHILIPPE DR. NORBERT BECKER THOMAS FISCHER SELINA PIENING TASLÉ D’HÉLIAND Asset Management Group Asset Management Private Wealth Management — Germany — Germany — Germany — France
ANDREJ BRODNIK SVEN GRÄBEDÜNKEL BERTRAND SANCE SYLVAIN TESSIER Asset Management Institutional Fund Platform — Germany Independent Financial Advisors Equities (beginning February 2021) — Germany — France — France
ANTOINE CHACUN FLORENT GUY-DUCROT MATTHIAS SCHEFFNER NADINE VELDUNG
Metals Trading Asset Management Private Wealth Management Corporate Finance — France — France — Germany — France & Germany
RAPHAËL VAN GRÉGOIRE CHARBIT JOACHIM HÄGER THILO SCHIERING ZEEBROECK
Group Private Wealth Management Corporates & Markets Account Safekeeping — France — Germany — Germany and Custodial Services — France
NICOLAS CHAPUT DR. PETER M. HAID AGATHE SCHITTLY PROF. DR. JAN VIEBIG
Asset Management & Private Assets Private Wealth Management Group Private Wealth Management — France — Germany — France & Germany — Germany
UWE SEEBERGER MATTHIAS DESMARAIS MICHAEL JÄNSCH FLORIAN WITT Private Wealth Management Equities Private Wealth Management (beginning February 2021) Corporates & Markets — France — Germany — Germany — Germany
LAURENT DENIZE BERTRAND LEVAVASSEUR HENNING SIECK
Asset Management (2021) Asset Management Corporates & Markets — France — France — Germany
Data as of 02/02/2021 2020
2020