Theodoor Gilissen Bankiers was a

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 ...

in the

Netherlands ) , anthem = ( en, "William of Nassau") , image_map = , map_caption = , subdivision_type = Sovereign state , subdivision_name = Kingdom of the Netherlands , established_title = Before independence , established_date = Spanish Netherl ...

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 Beaufort in 2017 to form Insinger Gilissen. The bank had branches in

The Hague The Hague ( ; nl, Den Haag or ) is a city and municipality of the Netherlands, situated on the west coast facing the North Sea. The Hague is the country's administrative centre and its seat of government, and while the official capital o ...

Amsterdam Amsterdam ( , , , lit. ''The Dam on the River Amstel'') is the capital and most populous city of the Netherlands, with The Hague being the seat of government. It has a population of 907,976 within the city proper, 1,558,755 in the urban ar ...

, Enschede, Groningen,

Rotterdam Rotterdam ( , , , lit. ''The Dam on the River Rotte'') is the second largest city and municipality in the Netherlands. It is in the province of South Holland, part of the North Sea mouth of the Rhine–Meuse–Scheldt delta, via the ''"Ne ...

and Eindhoven.

History

On 1 February 1881 Theodorus Antonius Josephus Gilissen (1858-1918) founded the ''Theodoor Gilissen Bankiers''. Until 1962 the bank operated as an independent company, then it became a

corporation A corporation is an organization—usually a group of people or a company—authorized by the state to act as a single entity (a legal entity recognized by private and public law "born out of statute"; a legal person in legal context) and ...

. In 1967 the bank became a part of the ''Bank Mees and Hope'', later

MeesPierson MeesPierson is a Netherlands-based Private banking, private bank headquartered in Rotterdam. Until 2009, the bank was known as Fortis MeesPierson. The name derives from the November 1992 merger of merchant banks Mees & Hope & Co., Hope (founded by ...

. MeesPierson was in turn owned by ABN AMRO. In 1997 MeesPierson was sold by ABN Amro to Dutch-Belgian group Fortis, and Theodoor Gilissen was included in the transaction. In 2003 Theodoor Gilissen was sold to

KBL European Private Bankers 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 ...

(KBL EPB), now known as

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 ...

. In 2011, KBC sold its European private banking branch KBL EPB, including Theodoor Gilissen, to Precision Capital from Luxembourg for more than €1 billion. The latter is a Luxembourg entity that represents the interests of a group of private investors from Qatar. KBC had been working for years to divest KBL EPB by order of the European Commission. In 2008, KBC was only able to survive thanks to a capital injection by the state of €3.5 billion. In May 2010, the Indian bank Hinduja already offered €1.35 billion for KBL EPB, but the Luxembourg financial regulator blocked this transaction. In April 2016, KBL EPB and BNP Paribas Wealth Management concluded an agreement to acquire Insinger de Beaufort. In May 2016 it was announced that Theodoor Gilissen Bankiers and Insinger de Beaufort would merge.

References

''Article contains translated text from Theodoor Gilissen Bankiers on the

Dutch Wikipedia The Dutch Wikipedia ( nl, Nederlandstalige Wikipedia) is the Dutch-language edition of the free online encyclopedia, Wikipedia. It was founded on 19 June 2001. As of , the Dutch Wikipedia is the -largest Wikipedia edition, with articles. It w ...

retrieved on 12 March 2017.'' Banks based in Amsterdam Banks established in 1881 Dutch companies established in 1881 {{Netherlands-company-stub