Annual report 2018

"Our mission is to offer qualitative, innovative and sustainable solutions best suited for our clients. In 2018, we continued to capitalize on our transversal business model and our highly qualified talents to create value for all our clients."

Read the statement from the Board

Philippe Masset  CEO (on the right)
Ludwig Criel  Chairman of the board of directors (on the left)

Key figures

Net income

in million EUR
455
2018
468
2017

Gross operating profit

in million EUR
109
2018
129
2017

Consolidated net profit

in million EUR
86
2017
58
2016

Staff count

in FTE
1412
2018
1369
2017

Capital structure at 31.12.2018

  • DSDC *
  • Petercam Invest *
  • Management and staff
  • Own shares
  • Financial partners

Breakdown of operating income 2018

  • Asset management
  • Corporate Finance and Credit & Structured Finance
  • Financial markets
Total number of shares: 10 842 209

 *Family and reference shareholders 
DSDC: families Philippson, Haegelsteen, Schockert and Siaens, CLdN Finance and Cobepa 
Petercam Invest: Peterbroeck and Van Campenhout families 
Total client assets

(in billion EUR)


2018 2017 (Proforma)
  Gross Net* Gross Net*
Assets under management** 50.5 50.5 53.4 53.4
Assets under administration*** 34.9 7.2 38.0 8.4
Assets under custody**** 78.1 5.4 84.9 6.1

Total   63.2   67.9

In 2018, the presentation of our assets was modified to better reflect the different activities of the group:
* excluding double counting;
** management and credit services;
*** administrative services, including fund accounting, fund directing, registration and set up new funds, transfer agent, etc.;
**** custody services, including recording, holding and custody through securities ans cash accounts.
Board of directors
Chairman of the board of directors
Ludwig Criel*
Chairman of the executive committee
Philippe Masset
Directors-members of the executive committee 
Nathalie Basyn
Gautier Bataille de Longprey
Bruno Colmant
Benoît Daenen
Gilles Firmin
Pascal Nyckees
François Wohrer
Directors
Miguel del Marmol
Jean-Baptiste Douville de Franssu
Christian Jacobs*
Jean-Marie Laurent Josi
Véronique Peterbroeck
Alain Philippson
Jacques-Martin Philippson
Alain Schockert
Frank van Bellingen
Guido Vanherpe*

* Independant director.
Breakdown by country of staff count, expressed in full time equivalent (FTE)

(in FTE)


31.12.2017 831.12.2017
Belgium * 896 857
Luxembourg   345 326
Switzerland  22 22
France  90 100
Spain 59 64

* Including the branches in Germany, Italy and The Netherlands.

Highlights

Private Banking

  • 34.2 billion euros managed for private clients (gross).
  • Above-average returns of portfolios and patrimonial funds (first quartile).
  • Expansion of clientele thanks to:
    • the solutions we develop specifically for FBO (Family Business Owners), combining Private Banking and Corporate Finance, in Belgium, France, Luxembourg and Spain;
    • the recruitment - in Flanders among others - of around fifty highly qualified professionals; 
    • the opening of a new office in Turnhout and Tournai;
    • the expansion of the Family Office offer and advice on asset structuring in the context of the increasing international mobility of our cient families; 
    • the innovations in sustainable investment, with new funds focused on climate change and impact investing;
    • the organization of important events, such as our Degroof Petercam Business Day and our Flemish Entrepreneurs Summit. 
  • Internaltionalization through: 
    • the International Hub in Luxembourg, which promotes cross-border cooperation within the group and is responsible for activities in countries where we do not have a local entity such as Portugal; 
    • the integration of Entheca Finance in France, a French management company whose main focus is on a clientele of entrepreneurs and large private investors;
    • the integrated Eurometropole approach from our offices in Lille, Courtrai and Tournai;
    • the opening of a representative office in Canada (Montreal).

Institutional Asset Management

  • 44.7 billion euros of (gross) assets under management with a net capital inflow of nearly 900 million euros.
  • Management of nearly 300 institutional mandates.
  • Ongoing international expansion, with more than 50% of funds and mandates sold outside Belgium. 
  • Favorable long-term investment performances in volatile markets.
  • Set up of a convertible bond franchise in Paris. 
  • Continued strong growth of blockbuster strategies such as newly sustainable thematic equities (NewGems), emerging market debt, European (sustainable) equities (Euroland), high-yield bonds and global unconstrained bonds (Universalis).
  • Set up of Arvestar, a joint venture with Argenta Asset Management with the aim of institutionalizing the financial management of the Argenta pension savings funds by DPAM. 
  • Numerous awards for quality of the management and fund: 
    • L'Echo/De Tijd: Super Award for the best equity and bond manager over five years; 
    • Thomson Reuters Lipper Awards: Bonds EUR High Yield, Listed European Real Estate...;
    • Scope Awards in Germany: best fixed income manager.

Asset Services

  • 34.8 billion euros assets under administration (gross). 
  • Set up of around thirty new funds under Belgian and Luxembourg law.
  • Set up of two Reserved Alternative Investment Funds (Fonds d'Investissement Alternatif Réservé - FIAR), private equity vehicles specialized in risk capital for high-tech and regenerative economies.
  • Regrouping of all fund services into a single entity, notably Degroof Petercam Asset Services (DPAS).

Investment Banking

  • 99 mandates in advisory, mergers and acquisitions (M&A) and capital market activities successfully completed.
  • 45 M&A mandates totaling 2.8 billion euros, of which 16 in Belgium, 28 in France and 1 in Spain.
  • 16 equity capital market transactions of which 11 as bookrunner, such as the IPO on Euronext Brussels of the British biotech company Acacia, the capital increases of Cofinimmo, IOW, TINC and Xior. Execution of more than 110 million euros in secondary equity block trades. 
  • Landmark debt capital market transactions in Belgium and France, such as the bond issues of Befimmo and Apsys, the Dossche Mills syndicated loan, the bond buy back of Orès and debt financing of Biogroup and Prodware.
  • Strong activity of our dealing desk in all asset classes worldwide, on behalf of individuals and institutional investors of the group.
  • Sharp increase in the volume of stock option plans.
  • Further development in the local market for family businesses in Luxembourg. 
  • Successful launch of Corporate Finance activities in Spain.
  • Institutional seminars on Benelux equities in the healthcare, consumer and real estate sectors in major international financial hubs such as New York, London, Paris, Milan, Zurich, Brussels, Luxembourg and Madrid.

Credits

  • Net increase in the volume of the credit portfolio to 2.1 billion euros. 
  • Continued strong dynamics in cross-border credits (Belgium, Luxembourg, and France). 
  • Further development of the Lombard credits offering granted to Belgian, Luxembourg, French, Spanish and Swiss clients as a powerful alternative for traditional mortgage loans.
  • Slight decline in average credit margins despite the very competitive credit environment.
  • Excellent quality of the underlying credit portfolio without recording any additional net credit provision.

Responsible investment

  • 30% asset increase into SRI funds, or nearly 4 billion euros invested in 11 sustainable strategies.
  • Full operational Responsible Investment Competence Center at the service of all research and investment teams of the group.
  • Development of new proprietary models and screenings to complement the investment decision-making process: impact reports for environmental, social and governance criteria (ESG), sustainability audits, development of proprietary thematic key performance indicators (KPIs) for ESG challenges. 
  • Focus on climate change and carbon risk: carbon footprint assessment of all managed funds and mandates and identification of main contributors and emitters.
  • Additional commitment at the level of Degroof Petercam Asset Management (DPAM) as supporter of the Taskforce Climated-related Financial Disclosures (TCFD). 
  • Active shareholdership through the strong involvement of the Voting Advisory Board, who participated in 538 general meetings of shareholders and voted on almost 7 800 resolutions.
  • Further international recognition: 
    • Luxflag ESG label for all sustainable strategies; 
    • 2ndconsecutive year of top rating A+ from UN backed Principles for Responsible Investment (PRI);
    • Top 10 Citywire ranking as genuinely committed to ESG fund house.
  • Participation in several collective engagement initiatives, such as the Cobalt Institute for the sustainable and responsible use of cobalt, and the Investor Statement on Digital Righs for Corprate Accountability.

Private Equity

  • Overall strong performance, significant deployment of capital and completion of six new private investments.
  • Raise of more than 100 million Canadian dollars for BDG-Appalaches II, our second buy-out fund focused on smallcaps in Canada. 
  • Development of an impact investment fund in collaboration with our Swiss partner Quadia.
  • Launch of Co-Investment Small-Cap Europe, first compartment of a new venture capital FIPS structure (Fonds d'Investissement Professionnel Spécialisé) for private equity investments, in partnership with Access Capital in France. 
  • Successful expansion of the private equity offering in Luxembourg.
  • Significant distributions in Green Fund II, Down 2 Earth and CVC Capital Partners 6.

Financial Research

  • Publication of our annual Benelux Company Handbook and first edition of our 'Family Business Owners Barometer' survey in Belgium and Luxembourg.
  • In-depth coverage of more than 130 listed companies in the Benelux by the team of sell-side analysts who published more than 1 000 company updates and 60 detailed reports.
  • Expansion of sell-side research to a broader client base in Spain and the United States.
  • Buy-side research team of equity and credit analysts drawing up a recommendation list for more than 100 European and US equities and covering more than 500 high yield and investment grade corporate bonds.

Philanthropy

  • Celebration of the tenth anniversary of Degroof Petercam Foundation. 
  • Animation of nine workshops in the five countries of the group, to make our colleagues aware of their social impact and to introduce them to social entrepreneurship.
  • Session with 120 staff members of the 'next generation' in the Havenhuis in Antwerp for a forum on the circular economy, in collaboration with the family group Sibelco.
  • Collection of 500 000 euros in donations via the crowdfunding platform Gingo, to finance 31 social projects in Belgium and Luxembourg.
  • Participation in the annual summit of the European Venture Philanthropy Association (EVPA) in Warsaw.
  • Appointment of a new external board member of the foundation: Mr. Etienne Denoël, Director Emeritus of McKinsey & Company, CEO of the NGO 'Agir pour l'Enseignement'.
  • 2 400 hours of voluntary work through the participation of 340 colleagues in the sixth edition of the Degroof Petercam Solidarity Days, as well as blood donations and first aid training courses. 
  • Collection of funds by the Degroof Petercam Cycling Team for the benefit of the Belgian Foundation against Cancer.
  • Active participation in Net Mentora (entrepreneurial network), and support of the SJD Pediatric Cancer Center, the Fundació Banc Dels Aliments (food bank) in Spain.

Digitalization

  • ‘Digital Acceleration' program led by the digital committee aiming at driving the continuous digital transformation of our group, including the development of innovative platforms, tools and new ways of working. 
  • Appointment of Xavier De Pauw, former CEO of MeDirect, as Group Head of Strategic Innovation and chairman of the digital committee.
  • New functionalities for My Degroof Petercam (MyDP), our online portfolio consulting and reporting tool, which welcomed its 10 000th user. 
  • Launch of a digital platform for opening accounts.
  • Launch of new feature for sending regular updates on smartphones regarding the evolution of the financial markets and the investment strategy of our main asset management fund, DP Global Strategy.
  • Increased digital expertise sharing to DPAM clients through multichannel publication platforms, including newsletters, the MyDP app and the new fund website managed by DPAM (dpamfunds.com).

Highlights

Private Banking
  • 34.2 billion euros managed for private clients (gross).
  • Above-average returns of portfolios and patrimonial funds (first quartile).
  • Expansion of clientele thanks to:
    • the solutions we develop specifically for FBO (Family Business Owners), combining Private Banking and Corporate Finance, in Belgium, France, Luxembourg and Spain;
    • the recruitment - in Flanders among others - of around fifty highly qualified professionals; 
    • the opening of a new office in Turnhout and Tournai;
    • the expansion of the Family Office offer and advice on asset structuring in the context of the increasing international mobility of our cient families; 
    • the innovations in sustainable investment, with new funds focused on climate change and impact investing;
    • the organization of important events, such as our Degroof Petercam Business Day and our Flemish Entrepreneurs Summit. 
  • Internaltionalization through: 
    • the International Hub in Luxembourg, which promotes cross-border cooperation within the group and is responsible for activities in countries where we do not have a local entity such as Portugal; 
    • the integration of Entheca Finance in France, a French management company whose main focus is on a clientele of entrepreneurs and large private investors;
    • the integrated Eurometropole approach from our offices in Lille, Courtrai and Tournai;
    • the opening of a representative office in Canada (Montreal).
Institutional Asset Management
  • 44.7 billion euros of (gross) assets under management with a net capital inflow of nearly 900 million euros.
  • Management of nearly 300 institutional mandates.
  • Ongoing international expansion, with more than 50% of funds and mandates sold outside Belgium. 
  • Favorable long-term investment performances in volatile markets.
  • Set up of a convertible bond franchise in Paris. 
  • Continued strong growth of blockbuster strategies such as newly sustainable thematic equities (NewGems), emerging market debt, European (sustainable) equities (Euroland), high-yield bonds and global unconstrained bonds (Universalis).
  • Set up of Arvestar, a joint venture with Argenta Asset Management with the aim of institutionalizing the financial management of the Argenta pension savings funds by DPAM. 
  • Numerous awards for quality of the management and fund: 
    • L'Echo/De Tijd: Super Award for the best equity and bond manager over five years; 
    • Thomson Reuters Lipper Awards: Bonds EUR High Yield, Listed European Real Estate...;
    • Scope Awards in Germany: best fixed income manager.
Asset Services
  • 34.8 billion euros assets under administration (gross). 
  • Set up of around thirty new funds under Belgian and Luxembourg law.
  • Set up of two Reserved Alternative Investment Funds (Fonds d'Investissement Alternatif Réservé - FIAR), private equity vehicles specialized in risk capital for high-tech and regenerative economies.
  • Regrouping of all fund services into a single entity, notably Degroof Petercam Asset Services (DPAS).
Investment Banking
  • 99 mandates in advisory, mergers and acquisitions (M&A) and capital market activities successfully completed.
  • 45 M&A mandates totaling 2.8 billion euros, of which 16 in Belgium, 28 in France and 1 in Spain.
  • 16 equity capital market transactions of which 11 as bookrunner, such as the IPO on Euronext Brussels of the British biotech company Acacia, the capital increases of Cofinimmo, IOW, TINC and Xior. Execution of more than 110 million euros in secondary equity block trades. 
  • Landmark debt capital market transactions in Belgium and France, such as the bond issues of Befimmo and Apsys, the Dossche Mills syndicated loan, the bond buy back of Orès and debt financing of Biogroup and Prodware.
  • Strong activity of our dealing desk in all asset classes worldwide, on behalf of individuals and institutional investors of the group.
  • Sharp increase in the volume of stock option plans.
  • Further development in the local market for family businesses in Luxembourg. 
  • Successful launch of Corporate Finance activities in Spain.
  • Institutional seminars on Benelux equities in the healthcare, consumer and real estate sectors in major international financial hubs such as New York, London, Paris, Milan, Zurich, Brussels, Luxembourg and Madrid.
Credits
  • Net increase in the volume of the credit portfolio to 2.1 billion euros. 
  • Continued strong dynamics in cross-border credits (Belgium, Luxembourg, and France). 
  • Further development of the Lombard credits offering granted to Belgian, Luxembourg, French, Spanish and Swiss clients as a powerful alternative for traditional mortgage loans.
  • Slight decline in average credit margins despite the very competitive credit environment.
  • Excellent quality of the underlying credit portfolio without recording any additional net credit provision.
Responsible investment
  • 30% asset increase into SRI funds, or nearly 4 billion euros invested in 11 sustainable strategies.
  • Full operational Responsible Investment Competence Center at the service of all research and investment teams of the group.
  • Development of new proprietary models and screenings to complement the investment decision-making process: impact reports for environmental, social and governance criteria (ESG), sustainability audits, development of proprietary thematic key performance indicators (KPIs) for ESG challenges. 
  • Focus on climate change and carbon risk: carbon footprint assessment of all managed funds and mandates and identification of main contributors and emitters.
  • Additional commitment at the level of Degroof Petercam Asset Management (DPAM) as supporter of the Taskforce Climated-related Financial Disclosures (TCFD). 
  • Active shareholdership through the strong involvement of the Voting Advisory Board, who participated in 538 general meetings of shareholders and voted on almost 7 800 resolutions.
  • Further international recognition: 
    • Luxflag ESG label for all sustainable strategies; 
    • 2ndconsecutive year of top rating A+ from UN backed Principles for Responsible Investment (PRI);
    • Top 10 Citywire ranking as genuinely committed to ESG fund house.
  • Participation in several collective engagement initiatives, such as the Cobalt Institute for the sustainable and responsible use of cobalt, and the Investor Statement on Digital Righs for Corprate Accountability.
Private Equity
  • Overall strong performance, significant deployment of capital and completion of six new private investments.
  • Raise of more than 100 million Canadian dollars for BDG-Appalaches II, our second buy-out fund focused on smallcaps in Canada. 
  • Development of an impact investment fund in collaboration with our Swiss partner Quadia.
  • Launch of Co-Investment Small-Cap Europe, first compartment of a new venture capital FIPS structure (Fonds d'Investissement Professionnel Spécialisé) for private equity investments, in partnership with Access Capital in France. 
  • Successful expansion of the private equity offering in Luxembourg.
  • Significant distributions in Green Fund II, Down 2 Earth and CVC Capital Partners 6.
Financial Research
  • Publication of our annual Benelux Company Handbook and first edition of our 'Family Business Owners Barometer' survey in Belgium and Luxembourg.
  • In-depth coverage of more than 130 listed companies in the Benelux by the team of sell-side analysts who published more than 1 000 company updates and 60 detailed reports.
  • Expansion of sell-side research to a broader client base in Spain and the United States.
  • Buy-side research team of equity and credit analysts drawing up a recommendation list for more than 100 European and US equities and covering more than 500 high yield and investment grade corporate bonds.
Philanthropy
  • Celebration of the tenth anniversary of Degroof Petercam Foundation. 
  • Animation of nine workshops in the five countries of the group, to make our colleagues aware of their social impact and to introduce them to social entrepreneurship.
  • Session with 120 staff members of the 'next generation' in the Havenhuis in Antwerp for a forum on the circular economy, in collaboration with the family group Sibelco.
  • Collection of 500 000 euros in donations via the crowdfunding platform Gingo, to finance 31 social projects in Belgium and Luxembourg.
  • Participation in the annual summit of the European Venture Philanthropy Association (EVPA) in Warsaw.
  • Appointment of a new external board member of the foundation: Mr. Etienne Denoël, Director Emeritus of McKinsey & Company, CEO of the NGO 'Agir pour l'Enseignement'.
  • 2 400 hours of voluntary work through the participation of 340 colleagues in the sixth edition of the Degroof Petercam Solidarity Days, as well as blood donations and first aid training courses. 
  • Collection of funds by the Degroof Petercam Cycling Team for the benefit of the Belgian Foundation against Cancer.
  • Active participation in Net Mentora (entrepreneurial network), and support of the SJD Pediatric Cancer Center, the Fundació Banc Dels Aliments (food bank) in Spain.
Digitalization
  • ‘Digital Acceleration' program led by the digital committee aiming at driving the continuous digital transformation of our group, including the development of innovative platforms, tools and new ways of working. 
  • Appointment of Xavier De Pauw, former CEO of MeDirect, as Group Head of Strategic Innovation and chairman of the digital committee.
  • New functionalities for My Degroof Petercam (MyDP), our online portfolio consulting and reporting tool, which welcomed its 10 000th user. 
  • Launch of a digital platform for opening accounts.
  • Launch of new feature for sending regular updates on smartphones regarding the evolution of the financial markets and the investment strategy of our main asset management fund, DP Global Strategy.
  • Increased digital expertise sharing to DPAM clients through multichannel publication platforms, including newsletters, the MyDP app and the new fund website managed by DPAM (dpamfunds.com).

Network

Activities Belgium Luxembourg France Spain Swiss Netherlands Germany Italy
Private Banking
Institutional Asset Management
Investment Banking
Asset Services
  • Belgium
  • Luxembourg
  • France
  • Spain
  • Swiss
  • Netherlands
  • Germany
  • Italy

Belgium

Bank Degroof Petercam (Registered office)
Nijverheidsstraat⎜Rue de l'Industrie 44
1040 Brussels
T +32 2 287 91 11
Regional offices

Antwerp
T +32 3 233 88 48

Flemish Brabant
T +32 16 24 29 50

Walloon Brabant
T +32 10 24 12 22

Brussels
T +32 2 287 91 11 

Campine
T +32 14 24 69 40 

Coast
T +32 50 63 23 70

West Flanders
T +32 56 26 54 00

East Flanders
T +32 9 266 13 66

Hainaut
T +32 71 32 18 25

Liège
T +32 4 252 00 28

Limbourg
T +32 11 77 14 60

Namur
T +32 81 42 00 21

Degroof Petercam Asset Management
Guimardstraat⎜Rue Guimard 18
1040 Brussels
T +32 2 287 91 11

Degroof Petercam Investment Banking
Guimardstraat⎜Rue Guimard 18  
1040 Brussels
T +32 2 287 97 11

Luxembourg

Degroof Petercam Luxembourg
Zone d’activité La Cloche d’Or
12, rue Eugène Ruppert
2453 Luxembourg
T +352 45 35 45 1


Degroof Petercam Asset Services

Zone d’activité La Cloche d’Or
12, rue Eugène Ruppert
2453 Luxembourg
T +352 26 64 50 1


Degroof Petercam Insurance Broker
Zone d’activité La Cloche d’Or
12, rue Eugène Ruppert
2453 Luxembourg
T +352 45 89 22

France

Degroof Petercam France
44 rue de Lisbonne
75008 Paris
T +33 1 73 44 56 50

Lille
28 bis, rue des Jardins
59000 Lille
T +33 3 20 74 53 96

Lyon
17, rue de la République
69002 Lyon
T +33 4 26 99 59 00

Degroof Petercam Investment Banking - France 
44, rue de Lisbonne 
75008 Paris 
T +33 1 73 44 56 50

Degroof Petercam Asset Management - France 
44, rue de Lisbonne 
75008 Paris 
T +33 1 73 44 56 50

Spain

Degroof Petercam Spain
Main Office:
Avenida Diagonal 464
08006 Barcelona
T +34 93 445 85 00

Corporate Headquarters:
Plaza del Ayuntamiento 26
46002 Valencia
T +34 96 353 20 94 

Bilbao
T +34 94 679 23 02

Madrid
T +34 91 523 98 90

Degroof Petercam SGIIC
Avenida Diagonal 464
08006 Barcelona
T +34 93 445 85 80

Degroof Petercam Asset Management
Sucursal en España

Paseo de la Castellana 141, Planta 19
28046 Madrid
T +34 9 157 20 36 6

Degroof Petercam Investment Banking
Avenida Diagonal 464
08006 Barcelona
T +34 93 445 85 00

Swiss

Degroof Petercam Suisse
Place de l'Université 8 
1205 Genève
T +41 22 929 72 11

Netherlands

Bank Degroof Petercam
Netherlands branch

De Entree 238A 7th Floor
1101 EE Amsterdam
T +31 20 573 54 16

Germany

Degroof Petercam Asset Management
Zweigniederlassung Deutschland

Mainzer Landstrasse 50
60325 Frankfurt am Main
T +49 69 274 015 295

Italy

Degroof Petercam Asset Management
Succursale Italiana

Via Monte di Pietà 21
20121 Milano
T +39 02 86337 223
Belgium
Bank Degroof Petercam (Registered office)
Nijverheidsstraat⎜Rue de l'Industrie 44
1040 Brussels
T +32 2 287 91 11
Regional offices

Antwerp
T +32 3 233 88 48

Flemish Brabant
T +32 16 24 29 50

Walloon Brabant
T +32 10 24 12 22

Brussels
T +32 2 287 91 11 

Campine
T +32 14 24 69 40 

Coast
T +32 50 63 23 70

West Flanders
T +32 56 26 54 00

East Flanders
T +32 9 266 13 66

Hainaut
T +32 71 32 18 25

Liège
T +32 4 252 00 28

Limbourg
T +32 11 77 14 60

Namur
T +32 81 42 00 21

Degroof Petercam Asset Management
Guimardstraat⎜Rue Guimard 18
1040 Brussels
T +32 2 287 91 11

Degroof Petercam Investment Banking
Guimardstraat⎜Rue Guimard 18  
1040 Brussels
T +32 2 287 97 11

Luxembourg

Degroof Petercam Luxembourg
Zone d’activité La Cloche d’Or
12, rue Eugène Ruppert
2453 Luxembourg
T +352 45 35 45 1


Degroof Petercam Asset Services

Zone d’activité La Cloche d’Or
12, rue Eugène Ruppert
2453 Luxembourg
T +352 26 64 50 1


Degroof Petercam Insurance Broker
Zone d’activité La Cloche d’Or
12, rue Eugène Ruppert
2453 Luxembourg
T +352 45 89 22

France
Degroof Petercam France
44 rue de Lisbonne
75008 Paris
T +33 1 73 44 56 50

Lille
28 bis, rue des Jardins
59000 Lille
T +33 3 20 74 53 96

Lyon
17, rue de la République
69002 Lyon
T +33 4 26 99 59 00

Degroof Petercam Investment Banking - France 
44, rue de Lisbonne 
75008 Paris 
T +33 1 73 44 56 50

Degroof Petercam Asset Management - France 
44, rue de Lisbonne 
75008 Paris 
T +33 1 73 44 56 50
Spain
Degroof Petercam Spain
Main Office:
Avenida Diagonal 464
08006 Barcelona
T +34 93 445 85 00

Corporate Headquarters:
Plaza del Ayuntamiento 26
46002 Valencia
T +34 96 353 20 94 

Bilbao
T +34 94 679 23 02

Madrid
T +34 91 523 98 90

Degroof Petercam SGIIC
Avenida Diagonal 464
08006 Barcelona
T +34 93 445 85 80

Degroof Petercam Asset Management
Sucursal en España

Paseo de la Castellana 141, Planta 19
28046 Madrid
T +34 9 157 20 36 6

Degroof Petercam Investment Banking
Avenida Diagonal 464
08006 Barcelona
T +34 93 445 85 00
Swiss
Degroof Petercam Suisse
Place de l'Université 8 
1205 Genève
T +41 22 929 72 11
Netherlands

Bank Degroof Petercam
Netherlands branch

De Entree 238A 7th Floor
1101 EE Amsterdam
T +31 20 573 54 16

Germany
Degroof Petercam Asset Management
Zweigniederlassung Deutschland

Mainzer Landstrasse 50
60325 Frankfurt am Main
T +49 69 274 015 295
Italy
Degroof Petercam Asset Management
Succursale Italiana

Via Monte di Pietà 21
20121 Milano
T +39 02 86337 223