ABN AMRO gains momentum in Germany following the integration of Hauck Aufhäuser Lampe (HAL)

Effective today, the legal merger of the business activities of Hauck Aufhäuser Lampe Privatbank AG (HAL AG) into ABN AMRO Bank N.V. has been completed. Following the merger, Germany has reinforced its position as ABN AMRO’s second-largest market, supporting a focused growth strategy in Northwest Europe. With this milestone, ABN AMRO is implementing its multi-brand strategy in Germany, with Wealth Management operating under the Bethmann HAL name and Corporate Banking and Asset Servicing under the ABN AMRO brand.

At the same time, as announced, an eight-member executive board led by Hans Hanegraaf as Chief Executive Officer (CEO) will assume overall responsibility for ABN AMRO’s 17 locations in Germany as well as for the new branch in Luxembourg.

Hans Hanegraaf, CEO of ABN AMRO Germany: “With the integration of HAL’s activities into ABN AMRO, we are now operating as one bank. The new ABN AMRO in Germany and Luxembourg offers our clients a significantly expanded range of products and services, as well as greater depth and expertise in advisory services.”

ABN AMRO Germany with approximately 2,000 employees, now holds a strong market position in its three core business areas: Wealth Management, Corporate Banking, and Asset Servicing. The bank has set clearly defined growth targets in Germany: by 2030, assets under management in Wealth Management are expected to grow from the current level of more than €70 billion to around €100 billion. In Asset Servicing, which offers asset custody along with a comprehensive range of services, assets under custody are expected to rise from the current €220 billion to more than €300 billion. ABN AMRO continues to expect synergies from the merger of approximately €60 million, which are to be sustainably realized from 2028 onwards.

ABN AMRO completed the acquisition of HAL AG on June 30, 2025.