Handelsbanken Buys Dutch Wealth Management Company

Regulatory News:

Handelsbanken acquires the Dutch wealth management company Optimix Vermogensbeheer N.V.

"Handelsbanken is steadily growing in the Netherlands, particularly among customers with high requirements for advanced wealth management. This purchase makes it possible for us to broaden our offering to these customers. It is also a vital step in our evolution towards becoming a full-service bank in the Netherlands,” says Mikael Sorensen, Head of Handelsbanken in the Netherlands.

Optimix manages assets of around EUR 2 billion, including in-house mutual funds. The company has operations in Amsterdam, Groningen and Vught and offers discretionary wealth management. The acquisition of Optimix gives Handelsbanken an important platform for additional growth in the savings area.

Optimix also fits in Handelsbanken's corporate culture.

"Just like us, Optimix gives higher priority to satisfied customers and long-term customer relationships,” says Mikael Sorensen.

The Netherlands is one of Handelsbanken's growth areas and the bank has currently 23 branches throughout the country.

The purchase of Optimix, which will become a wholly owned subsidiary of Handelsbanken, requires the approval of the relevant Dutch financial authorities. The acquisition will initially have a marginal impact on Handelsbanken’s financial position.  

Link to local press release from Handelsbanken the Netherlands.  (http://www.handelsbanken.nl/shb/inet/icenten.nsf/default/q39BC7AC8443FC9A5C1257F9A00334DCE)

This information is of the type which Handelsbanken is obliged to make public according to the Swedish Securities Market Act. The information was submitted for publication on 20 April 2016 at 7.15 a.m. CET. For more information about Handelsbanken, see: www.handelsbanken.com (http://www.handelsbanken.se/)

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