DAB BNP Paribas

Last updated
DAB BNP Paribas
Type S.A. (corporation), Joint-stock company
Founded18 January 1994
Headquarters Munich, Germany
Products
Total assets €5,526.8 billion (2014)
Number of employees
606 (2014)
Parent BNP Paribas
Website b2b.dab-bank.de

DAB BNP Paribas is a brand of the German branch of the French major bank BNP Paribas with business premises in Munich. The BNP Paribas brand for independent asset managers, fund brokers, investment advisers and institutional clients was founded on 18 January 1994 as the first discount broker in Germany, trading under Direkt Anlage- und Vermögensverwaltungs-GmbH, and started operations in May 1994 as Direkt Anlage Bank GmbH (DAB). As of 1 January 2016, the operating private customer business was transferred to the BNP Paribas S.A. branch Germany. On 12/13 November 2016, the DAB bank's online portal was shut down and all private customers transferred to Consorsbank. [1]

Contents

Business model

After its integration with Consorsbank and all private customers being transferred there, DAB is focussed on the business with financial intermediaries such as asset managers, fund brokers, investment advisers, digital asset managers as well as banks and savings banks since its foundation. It offers institutional customers a central depository for securities of all asset classes. The fully integrated securities trading platform enables the trading of all types of securities at home and abroad in all common currencies via a custody account. With more than 9,000 funds of more than 200 CAGs, the DAB is one of the most important fund platforms for institutional investors in Europe.

After "the stock boom around the turn of the millennium and the significantly decreased order numbers, it had missed the change from pure online broker to digital full bank." [2] In that course, the parent company BNP Paribas reorganized the business model in the context of the 1 January 2016 transfer of the operative business of the DAB bank to the BNP Paribas branch Germany. [3] Deposits of Volkswagen Bank will continue to be held at the DAB BNP Paribas in Munich. [4]

Management

The company is managed by Thomas Zink and Dr. Sven Deglow (Co-CEOs).

Stock market

In 1999, the DAB bank was placed on the stock exchange. The company was listed in the Prime Standard. In 2001, the bank was listed as part of the acquisition of the French online broker Selftrade on the Nouveau Marché (New Market) of the Paris Stock Exchange - the delisting in France took place in 2010.

As part of the takeover by BNP Paribas, the remaining minority shareholders were resigned and excluded by squeeze-out. The listing ended on 27 July 2015. [5]

Affiliation

The bank was founded as a subsidiary of Munich-based Hypo-Bank, which merged with Bayerische Vereinsbank in 1998 to form HypoVereinsbank. In 2005 it was taken over by Unicredit.

As of 28 February 2013, Unicredit Bank held 81.39% of the DAB bank shares, [6] with 18.61% in free float.

At the beginning of August 2014, the French major bank BNP Paribas, which also owns Consorsbank, acquired an 81.4% stake for € 354 million. [7] According to initial planning, it should have come to a fusion of the brands DAB bank and Consorsbank by the end of 2014 in Germany, [8] but the merger with the DAB was completed in early 2016. The DAB bank thus had the same fate as the Consorsbank, it was integrated into the BNP Paribas S.A. branch Germany. [9]

DAB was a member of the Cash Group until 31 January 2015.

Statistics

DAB is currently one of the leading direct banks in Germany in the securities business, in terms of client numbers and client assets. As of 31 December 2012, the DAB Bank Group had 597,128 customers, for which it managed 615,288 accounts with a combined client asset of €28,38 billion. [10] In 2012, it conducted 4,2 million customer transactions.

History

Related Research Articles

Banco Bradesco S.A. is a Brazilian financial services company headquartered in Osasco, in the state of São Paulo, Brazil. It is the third largest banking institution in Brazil, as well as the third largest in Latin America, and the seventy-ninth largest bank in the world. It is also one of fifty most valuable banks in the world. The bank is listed at the B3 in São Paulo, where it is part of the Índice Bovespa, in the New York Stock Exchange and in the Madrid Stock Exchange.

<span class="mw-page-title-main">BNP Paribas</span> French multinational banking and financial services company

BNP Paribas is a French multinational universal bank and financial services holding company. It was founded in 2000 from the merger of Banque Nationale de Paris and Paribas, formerly known as the Banque de Paris et des Pays-Bas. With 190,000 employees, the bank is organized into three major business areas: Commercial, Personal Banking & Services (CPBS), Investment & Protection Services (IPS) and Corporate & Institutional Banking (CIB).

<span class="mw-page-title-main">HypoVereinsbank</span> Bank in Germany, part of UniCredit Group

HypoVereinsbank (HVB), legally registered since late 2008 as UniCredit Bank GmbH, is a significant bank in Germany headquartered in Munich. It has been part of the Milan-based UniCredit group since 2005, and fully owned by it since 2008. As a consequence, HVB is operating exclusively in Germany, where it mainly focuses on private clients business and corporate banking, customer-related capital market activities and wealth management.

<span class="mw-page-title-main">Banco Santander</span> Spanish multinational bank

Banco Santander, S.A., doing business as Santander Group, is a Spanish multinational financial services company based in Madrid and Santander in Spain. Additionally, Santander maintains a presence in all global financial centres as the 19th-largest banking institution in the world. Although known for its European banking operations, it has extended operations across North and South America, and more recently in continental Asia. It is considered a systemically important bank by the Financial Stability Board.

<span class="mw-page-title-main">Custodian bank</span> Type of financial institution

A custodian bank, or simply custodian, is a specialized financial institution responsible for providing securities services. It provides post-trade services and solutions for asset owners, asset managers, banks and broker-dealers. It is not engaged in "traditional" commercial or consumer/retail banking like lending.

A primary dealer is a firm that buys government securities directly from a government, with the intention of reselling them to others, thus acting as a market maker of government securities. The government may regulate the behaviour and number of its primary dealers and impose conditions of entry. Some governments sell their securities only to primary dealers; some sell them to others as well. Governments that use primary dealers include Australia, Belgium, Brazil, Canada, China, France, Hong Kong, India, Ireland, Hungary, Italy, Japan, Pakistan, Singapore, Spain, Sweden, the United Kingdom, and the United States.

Cortal Consors SA was a European broker in personal investing and online trading.

<span class="mw-page-title-main">A. G. Edwards</span> Former American financial services holding company

A.G. Edwards, Inc. was an American financial services holding company; its principal wholly owned subsidiary was A.G. Edwards & Sons, Inc., which operated as a full-service securities broker-dealer in the United States and Europe. The firm was acquired by Wachovia to be folded into Wachovia Securities; Wachovia was subsequently acquired by Wells Fargo, and the securities division was folded into Wells Fargo Advisors. The firm provided securities and commodities brokerage, investment banking, trust services, asset management, financial and retirement planning, private client services, investment management, and other related financial services to individual, governmental, and institutional clients.

<span class="mw-page-title-main">Ergo Group</span>

ERGO is a group of insurance companies owned by Munich Re. ERGO is one of the largest insurance groups in Europe. It operates in over 30 countries, especially in Europe and Asia. In Europe, ERGO claims to be number 1 in the health and legal expenses insurance segments, and in its home market of Germany it is among the market leaders. It has over 40,000 full-time employees.

SBI Life Insurance Company Limited is an Indian life insurance company which was started as a joint venture between State Bank of India (SBI) and French financial institution BNP Paribas Cardif. SBI has a 55.50% stake in the company and BNP Paribas Cardif owns a 0.22% stake. Other investors are Value Line Pte. Ltd. and MacRitchie Investments Pte. Ltd., holding a 1.95% stake each while the remaining 12% is free float stake with public investors.It has Assets under management(AuM) worth ₹314,686 crore (US$39 billion) and a Gross Written Premium(GWP) of ₹67,320 crore (US$8.4 billion) as of March 2023. SBI Life has an authorized capital of ₹20 billion (US$250 million) and a paid up capital of ₹10 billion (US$130 million).

DVB BankSE is part of the DZ BANK Group and a specialist in international transportation finance, based in Frankfurt/Main, Germany.

<span class="mw-page-title-main">BNP Paribas Bank Polska</span> Polish bank

BNP Paribas Bank Polska is a Polish bank, originally founded in 1975 as Bank Gospodarki Żywnościowej (BGŻ). It has been owned by BNP Paribas since 2015, and adopted its brand name in 2019.

<span class="mw-page-title-main">Hello bank!</span>

Hello bank! is a digital direct bank owned by BNP Paribas that started operations in 2013. The bank operates in France, Belgium, Germany, Italy, the Czech Republic and Austria. BNP Paribas has claimed that it is "the first 100% digital mobile bank in Europe".

Insinger Gilissen, previously known as Insinger de Beaufort, is an Anglo-Dutch private bank providing private banking, wealth management and private planning to high-net-worth individuals and some institutional clients. In 2016 it merged with Theodoor Gilissen Bankiers to become Insinger Gilissen. Since 1 January 2017 Insinger Gilissen has been part of Quintet Private Bank.

Sharekhan is an Indian retail brokerage full-service brokerage firm, that as of 2020, was the fifth largest full-service firm and the 8th largest stock broker in India with 16 lakh customers. Sharekhan was one of the pioneers of online trading in India. It offers a broad range of financial products and services including securities brokerage, mutual fund distribution, loan against shares, Employee Stock Ownership Plan financing, IPO financing and wealth management.

<span class="mw-page-title-main">AG Insurance</span>

AG Insurance is a Belgian insurance company providing life insurance and non-life insurance and supplementary pensions. It has been present on the Belgian insurance market since 1824. It targets private individuals, as well as self-employed persons, SMEs and large companies. AG Insurance's products are distributed exclusively through its partners.

<span class="mw-page-title-main">Consorsbank</span>

Consorsbank is a brand of BNP Paribas S.A. Niederlassung Deutschland with its seat in Nürnberg.

Consors Finanz is a German brand of the worldwide active major bank BNP Paribas. The focus of the business is the allocation of consumer loans, especially sales financing for retail and online trade as well as for car, caravan and motorbike dealers.

<span class="mw-page-title-main">Theodor Weimer</span> German business executive

Theodor Weimer is a German manager who has been CEO of Deutsche Börse AG since 1 January 2018. Prior to that, he was spokesman of the management board of Unicredit Bank AG (Germany) - known under the brand name HypoVereinsbank - from January 2009 to the end of 2017 and in this capacity he was also a member of the executive management committee of Unicredit Group, Milan (Italy).

References

  1. ↑ "DAB BNP Paribas". DAB BNP Paribas. Retrieved 6 August 2019.
  2. ↑ Seibel, Karsten (1 August 2014). "Cortal Consors und DAB Bank machen gemeinsame Sache". Welt. Retrieved 6 August 2019.
  3. ↑ "DAB Bank und Consorsbank: Fusion ab September 2016!". Broker-Test. 31 August 2016. Retrieved 6 August 2019.
  4. ↑ "Das Wertpapierdepot". Volkswagen Financial Services. Retrieved 6 August 2019.
  5. 1 2 "Ausschluss der Minderheitsaktionäre und Verschmelzung der DAB Bank AG auf die BNP Paribas Beteiligungsholding AG wirksam". DAB Bank. 27 July 2015. Retrieved 6 August 2019.
  6. ↑ "Details zur Aktiengesellschaft". Bundesanstalt für Finanzdienstleistungsaufsicht. Archived from the original on 24 July 2012. Retrieved 6 August 2019.
  7. ↑ Vaupel, Michael (15 October 2014). "Die Entwicklung bei den Eigentümern der DAB Bank". Aktiendepot.com. Retrieved 6 August 2019.
  8. ↑ "Münchner Bank unter neuer Flagge". Süddeutsche Zeitung. 13 August 2014. Archived from the original on 17 November 2015. Retrieved 6 August 2019.
  9. ↑ "DAB Bank verschmilzt mit BNP Paribas S.A." ARIVA.DE. 29 October 2015. Retrieved 6 August 2019.
  10. ↑ "DAB Bank steigert im Geschäftsjahr 2012". DAB Bank. 21 February 2013. Archived from the original on 12 April 2013. Retrieved 6 August 2019.
  11. ↑ "NEMAX 50 Kurzinformation" (PDF). Deutsche Börse. 1 July 1999. Archived from the original (PDF) on 20 December 2013. Retrieved 6 August 2019.
  12. ↑ "DAB bank übernimmt FSB FondsServiceBank". FinanzNachrichten. 18 November 2004. Retrieved 6 August 2019.
  13. ↑ "DAB Bank AG: BNP Paribas Beteiligungsholding AG legt Barabfindung für verschmelzungsrechtlichen Squeeze-Out auf EUR 4,78 je Aktie fest". finanzen.net. 27 March 2015. Archived from the original on 6 August 2019. Retrieved 6 August 2019.

48°08′37″N11°30′09″E / 48.14368°N 11.50244°E / 48.14368; 11.50244

This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.