NIBC finalises acquisition SNS SecuritiesPress Release -
NIBC Bank N.V. (NIBC) has finalised the acquisition of SNS Securities N.V. (SNS Securities). The Dutch Central Bank has approved the transaction by issuing a declaration of no objection. The acquisition will become effective on 30 June 2016. The services of SNS Securities will continue under the name NIBC Markets N.V. (NIBC Markets) starting 1 July 2016: www.nibcmarkets.com.
With this acquisition, NIBC expands its service offering with capital market solutions, equity and fixed income brokerage, research and execution services for independent asset managers. The combined offering next to the current financing, co-investment and advising activities is exceptional in the Dutch mid-cap market.
Dirk Jan van der Hoeden will become a member of the management team of NIBC’s corporate banking activities. Eloy Cosijn (CRO) will join Jos Buijsman (CFO / COO) and Dirk Jan van der Hoeden (CEO) in the board of directors of NIBC Markets in Amsterdam.
Rob ten Heggeler, Chief Client Officer of NIBC:
“The specialists of NIBC Markets will receive a warm welcome at NIBC. The financial needs of our clients are often complex. By expanding our product range, we can now also service our clients with for example IPOs and bonds; an important addition in a time where companies are increasingly looking for funds to grow and capital markets becoming increasingly important.”
Dirk Jan van der Hoeden, Chief Executive Officer of NIBC Markets:
“We are very pleased to become member of the NIBC family. We will continue and further expand our specialist client services for midcap corporate and investor markets. Jos Buijsman and I welcome Eloy Cosijn on joining our management team. We see his nomination as a commitment of focus on and investment in our new joint path to growth.”