Van Lanschot Kempen provides update on wealth management strategy and presents 2027 financial targets

20 Jun 2024 07:00 CEST

• Solidifying our position as a leading wealth manager in Western Europe, with a strong foundation in the Netherlands and Belgium
• Targeting 10% annual growth in assets under management (AuM) through a combination of organic and inorganic growth and market performance
• Continuing to capture strong momentum in private banking in the Netherlands, Belgium and Switzerland by unlocking additional growth opportunities
• Positioned Investment Management Clients and Investment Banking Clients for renewed profitability and enhanced support to Private Clients
• Presenting financial targets for 2027:
  • 10% average annual AuM growth
  • 67–70% cost/income ratio
  • 17.5% CET 1 ratio Basel IV fully loaded
  • >18% return on CET 1 capital
  • 70–90% dividend pay-out ratio
• Plan to return excess capital above 17.5% CET 1 ratio Basel IV fully loaded as per year-end 2024 to shareholders, to be distributed in 2025 together with Van Lanschot Kempen’s 2024 dividend, subject to regulatory approval
• Investor Day webcast starts at 10:00 am CEST today and is available via Investor Day 2024.

Van Lanschot Kempen today hosts its Investor Day to present its updated wealth management strategy “Growing further together” and its 2027 financial targets. Building on the disciplined strategy execution and capital management of the past years, it will focus on scalable growth through client excellence. 

Maarten Edixhoven, Chair of the Management Board, said: “Van Lanschot Kempen has delivered on its strategic and financial objectives as defined in 2022. We’ve grown our business, both organically and inorganically, while maintaining a capital-light proposition. With Mercier Van Lanschot, we’ve established Belgium as our second home market in private banking, alongside the Netherlands. At the same time, we’ve taken measures to ensure we can grow in a scalable and profitable way across our client segments. All for the purpose of preserving and creating wealth for our clients and society in a sustainable way.

“Today we are a leading wealth manager with a profile that is unique in our markets. Through our “Growing further together” strategy we aim to reinforce our position in Western Europe in our chosen markets in private banking, investment management and investment banking. Our offering enables us to stand by our clients as their trusted advisor in transformational moments in their lives and businesses, from building a business to transferring wealth to the next generation or giving back to society. 

“We continue our growth trajectory and target a 10% average annual increase in AuM, through a mix of organic growth, a disciplined bolt-on acquisition strategy and market performance. All our client segments are envisaged to contribute to this. Additionally, by combining our private banking expertise with our in-house investment engine and investment banking capabilities, we’re able to create numerous opportunities for cross-selling and co-creation, benefitting our clients. 

“We look forward to growing further, together with our clients, colleagues and other stakeholders. The absolute key to our success is and will remain our personal approach to our clients, coupled with our entrepreneurship. I want to thank all our colleagues for delivering that to our clients every day.” 

Please find the full press release under the ‘Download’ section for more information.