Delta Lloyd Bank Nederland has transferred its private banking activities to the Amsterdam-based Bank ten Cate & Cie with effect from 9 July 2010.
Delta Lloyd Bank Nederland has transferred its private banking activities to the Amsterdam-based Bank ten Cate & Cie with effect from 9 July 2010. This move follows on from the recently announced strategic reorientation. Delta Lloyd Bank will concentrate more on the Dutch retail market, focusing on savings and mortgages. The private banking service has been placed with a specialist player which prides itself on truly putting its clients' interests first.
The deciding factor in the choice of Bank ten Cate & Cie was the bank's investment style and professionalism. Bank ten Cate & Cie actually employs the same conditions for asset management as Delta Lloyd Bank. The securities are held in custody separately from the banking business at Stichting Bank ten Cate & Cie Global Custody. Clients will retain their personal account managers, who will join Bank ten Cate & Cie.
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Further details:
Martijn Donders, Delta Lloyd Bank spokesperson
Telephone: +31 (0) 5944488
E-mail: mediarelations@deltalloyd.nl
Dennis Raithel, Director Bank ten Cate & Cie
Telephone: +31 (0) 20 3445321
E-mail: directie@banktencate.nl
Notes to editors:
For further details, see www.deltalloydgroep.com and www.banktencate.nl.