ODDO BHF

"Oddo" redirects here. For the Italian footballer, see Massimo Oddo.
Not to be confused with Oppo or Odoo.
ODDO BHF
Native name
ODDO BHF SCA
IndustryFinancial services
Founded1967
Headquarters12, boulevard de la Madeleine,
75009 Paris
,
France
Key people
Philippe Oddo (managing partner)
AUM~€128 billion
Websitewww.oddo-bhf.com

50°06′59″N 8°40′06″E / 50.116258°N 8.66846°E / 50.116258; 8.66846 ODDO BHF is a financial services group headquartered in Paris, France. It was created in 1967 as Oddo & Cie, a French family-owned stockbroker. In 2016, Oddo purchased BHF Bank, a German bank specialising in Mittelstand companies, and in 2017 renamed itself ODDO BHF.[1]

ODDO BHF operates mainly in private banking, asset management, and investment banking.

History

Oddo & Cie was founded in 1967 by Bernard Oddo, a stockbroker in Marseille.[2]

In 1987, Philippe Oddo became the managing partner.[3] In 1988, insurer AGF became a minority shareholder.[4] In 1991, Oddo & Cie opened Oddo DV, its subsidiary in Madrid.

In 1997, the company acquired Delahaye Finance,[5] a private management specialist firm. In 1998, it expanded to the United States through Oddo Securities Corporation in New York City. In the same year, Oddo Options started operations, bringing under a single firm options trading activities previously divided between Paris, Madrid, and Milan.[6] In 1999, Oddo Asset Management was created.[7]

In 2000, Oddo acquired Pinatton,[8] a company specialized in intermediation, corporate finance, and private banking. In 2003, it acquired NFMDA (private management)[9] and in 2004, the European credit intermediation activities of Crédit Lyonnais. In 2005, Oddo & Cie purchased Cyril Finance Asset Management,[10] and KilbraXE in 2007.

In 2006, the Group launched its new branch Oddo Metals for commodities trading.[11] In 2007, it was granted a French banking license.[12]

Concurrently with these acquisitions, Oddo built a number of partnerships, including Génération Vie, a joint venture with Allianz in 2003, and La Banque Postale Private Banking, a partnership with La Banque Postale in 2007 which expanded Oddo's private clientele.[13] In 2009, Oddo also established its own research institute in Tunis.

In 2010, Oddo signed a commercial agreement with the securities services arm of Société Générale to develop a joint offering of securities services.[14] That same year, it acquired Banque d'Orsay from Westdeutsche Landesbank AG,[15] and Banque Robeco from Robeco.[16] It also rose to 65 percent equity ownership in Patrimoine Consultant.[17]It also acquired German market activities from Close Brothers Group in 2014, which it subsequently renamed ODDO SEYDLER BANK AG then ODDO BHF Corporates & Markets AG;[18] and asset manager Meriten IM from BNY Mellon in 2015.[19]

In 2016, Oddo & Cie acquired BHF Bank, and rebranded to ODDO BHF the following year.

See also

References

  1. ^ Lederer, Edouard (3 March 2016). "Philippe Oddo, une affaire de famille". Les Echos (in French).
  2. ^ Motte, Muriel (7 April 2015). "Philippe Oddo, l'Allemand de la gestion française". L'Opinion (in French).
  3. ^ de Barochez, Luc (18 October 2016). "Philippe Oddo (Banque Oddo et Cie): "Il y a beaucoup plus d'argent en Allemagne qu'en France, et il y reste"". L'Opinion (in French).
  4. ^ Poirier, Jérôme (11 April 2012). "Philippe Oddo dans " Le Monde Economie ": " Si on pousse les Français fortunés à s'installer à l'étranger, leurs capitaux ne seront plus gérés chez nous "". Le Monde (in French).
  5. ^ P. B.-B. and PH. G. "La société de Bourse Oddo achète Delahaye Finance à la Société Générale". Les Echos (in French).
  6. ^ I. E (12 June 1998). "Oddo & Cie tente l'aventure américaine". Les Echos.
  7. ^ Philippe, Guillaume (13 April 1999). "Oddo se positionne comme un grande la gestion institutionnelle" (in French).
  8. ^ PH. G., 1 March 2000. "Le groupe Oddo Pinatton se positionne sur le marché des introductions boursières en ligne". Les Echos (in French).{{cite news}}: CS1 maint: numeric names: authors list (link)
  9. ^ S. L. P (21 November 2003). "Oddo & Cie étoffe sa gestion privée avec NFMDA" (in French).
  10. ^ AÏT-KACIMI, Nessim (16 March 2005). "Oddo devrait racheter Cyril Finance". Les Echos (in French).
  11. ^ Muriel, Jacques (22 January 2016). "Le négociant français Oddo Metals fête ses dix ans". Les Echos (in French).
  12. ^ "Fitch Affirms Oddo At 'BBB+'; Outlook Stable". Fitch Ratings. Retrieved December 14, 2007.
  13. ^ Porier, Jérôme (11 April 2012). "Philippe Oddo dans " Le Monde Economie ": " Si on pousse les Français fortunés à s'installer à l'étranger, leurs capitaux ne seront plus gérés chez nous "". Le Monde (in French).
  14. ^ "SG Securities Services signe un accord commercial avec Oddo Services". Zone Bourse (in French).
  15. ^ "Oddo & Cie rachète la Banque d'Orsay". l'AGEFI (in French). 31 August 2010.
  16. ^ C. LE (3 December 2012). "Oddo & Cie renforce sa gestion de patrimoine avec Banque Robeco". Les Echos (in French).
  17. ^ S. L. P. (1 March 2017). "Oddo & Cie est majoritaire chez Patrimoine Consultant". Les Echos (in French).
  18. ^ Drif, Anne (15 December 2014). "Oddo & Cie renforce sa banque d'investissement". Les Echos (in French).
  19. ^ "Le Groupe Oddo acquiert Meriten Investment Management* et donne naissance au premier acteur franco-allemand de la gestion d'actifs" (in French).