Insinger Gilissen, previously known as Insinger de Beaufort, is an Anglo-Dutch

private bank Private banks are banks owned by either the individual or a general Partner (business rank), partner(s) with limited partner(s). Private banks are not incorporation (business), incorporated. In any such case, creditors can look to both the "enti ...

providing

private banking Private banking is banking, investment and other financial services provided by banks and financial institutions primarily serving high-net-worth individuals (HNWIs)—defined as those with very high levels of income or sizable assets. A bank that ...

wealth management Wealth management (WM) or wealth management advisory (WMA) is an investment advisory service that provides financial management and wealth advisory services to a wide array of clients ranging from affluent to high-net-worth (HNW) and ultra-high- ...

and private planning to

high-net-worth individuals High-net-worth individual (HNWI) is a term used by some segments of the financial services industry to designate persons whose investible wealth (assets such as stocks and bonds) exceeds a given amount. Typically, these individuals are defined ...

and some institutional clients. In 2016 it merged with

Theodoor Gilissen Bankiers Theodoor Gilissen Bankiers was a private bank in the Netherlands that focused on the asset management, portfolio advisory services for wealthy individuals and providing services to independent asset managers. It was merged with Insinger de Beau ...

to become Insinger Gilissen. Since 1 January 2017 Insinger Gilissen has been part of

Quintet Private Bank Quintet Private Bank is a medium-sized Luxembourg-headquartered bank and wealth manager, founded in 1949 as Kredietbank Luxembourg (KBL), later rebranded KBL European Private Bankers or KBL ebp, and to its present name in 2020. Since 2011, it has ...

History

The roots of the bank go back to the 18th century, when the founder of the bank German Herman Albrecht Insinger (1757-1805) came to Amsterdam aged 11 years old. In 1779 together with merchant Paulus Prins he established the company ''Insinger en Prins''. He left for the Caribbean as agent for a family that had provided mortgage loans to plantations. He came back to Amsterdam in 1782 and Insinger & Co, as it had then been renamed, continued to concentrate on business in the

West Indies The West Indies is a subregion of North America, surrounded by the North Atlantic Ocean and the Caribbean Sea that includes 13 independent island countries and 18 dependencies and other territories in three major archipelagos: the Greater A ...

and the lending to

plantation A plantation is an agricultural estate, generally centered on a plantation house, meant for farming that specializes in cash crops, usually mainly planted with a single crop, with perhaps ancillary areas for vegetables for eating and so on. The ...

s. For nearly two hundred years the bank was associated with the Insinger family, with family members leading the firm. By the 1950s in addition to conducting general trade, the company turns to banking activities, broking, participation in other companies, syndicates and consortia, managing assets for third parties and managing public limited companies. It was only in 1972 it was decided to convert the company to a naamloze vennootschap. The company established as Insinger Bankiers N.V. and merged with the English ''Cannon Street Investments''. In 1976 the company merged with commission broker Willems & Cie, to become Bank Insinger Willems N.V. In 1988 Bank Insinger Willems N.V. merges with Amsterdam commission broker De Beaufort en Kraaijenhagen and continues under the name bank Insinger de Beaufort. In 1994 the bank merges with financial services provider Integro and is subsequently listed on the

Luxembourg Stock Exchange The Luxembourg Stock Exchange, LuxSE (french: Bourse de Luxembourg) is based in Luxembourg City at 35A boulevard Joseph II. The chairman of the board is Alain Kinsch and the chief executive officer is Julie Becker. The exchange has pre-opening ...

in 1997 and was regulated as a Dutch bank by the

De Nederlandsche Bank De Nederlandsche Bank NV (DNB) is the central bank of the Netherlands. Founded by King William I in 1814, it is part of the European System of Central Banks (ESCB). De Nederlandsche Bank is a public limited company (Dutch: '' naamloze vennoots ...

. In 2009 bank Insinger de Beaufort formed a strategic alliance with BNP Paribas Wealth Management. This involved a merger between bank Insinger de Beaufort and Nachenius Tjeenk and the centralisation of all UK activities out of the BNP Paribas Wealth Management office in London. BNP Paribas acquired 63% of all outstanding Insinger de Beaufort shares. In 2014 BNP Paris announced that it wanted to reduce its shareholding to 51%. In April 2016 KBL ''epb'' has signed a preliminary agreement to acquire Insinger de Beaufort from the parent BNP Paribas Wealth Management. End May 2016 the merger of Bank Insinger de Beaufort and Theodoor Gilissen was announced but will not be completed until the second half of 2017. The new name will be InsingerGilissen. Insinger de Beaufort had approximately EUR10.5 billion assets under management. Besides the main office in Amsterdam, Insinger de Beaufort also had offices in The Hague and London. Theodoor Gilissen has five offices in the Netherlands. Since 2003 the bank is part of the network of KBL ''epb''. Theodoor Gilissen employs over 200 people and represents assets under management of EUR 12 billion.

References

External links

{{DEFAULTSORT:Insinger de Beaufort Banks based in Amsterdam BNP Paribas