| ODDO BHF | |
| Native Name: | ODDO BHF SCA |
| Founded: | 1967 |
| Industry: | Financial services |
| Aum: | ~€128 billion |
| Key People: | Philippe Oddo (managing partner) |
| Location: | 12, boulevard de la Madeleine |
| Location City: | 75009 Paris |
| Location Country: | France |
50.1163°N 8.6685°WODDO BHF is a financial services group headquartered in Paris, France. It was created in 1967 as Oddo & Cie, a French family-owned stockbroker. In 2016, Oddo purchased BHF Bank, a German bank specialising in Mittelstand companies, and in 2017 renamed itself ODDO BHF.[1]
ODDO BHF operates mainly in private banking, asset management, and investment banking.
Oddo & Cie was founded in 1967 by Bernard Oddo, a stockbroker in Marseille.[2]
In 1987, Philippe Oddo became the managing partner.[3] In 1988, insurer AGF became a minority shareholder.[4] In 1991, Oddo & Cie opened Oddo DV, its subsidiary in Madrid.
In 1997, the company acquired Delahaye Finance,[5] a private management specialist firm. In 1998, it expanded to the United States through Oddo Securities Corporation in New York City. In the same year, Oddo Options started operations, bringing under a single firm options trading activities previously divided between Paris, Madrid, and Milan.[6] In 1999, Oddo Asset Management was created.[7]
In 2000, Oddo acquired Pinatton,[8] a company specialized in intermediation, corporate finance, and private banking. In 2003, it acquired NFMDA (private management)[9] and in 2004, the European credit intermediation activities of Crédit Lyonnais. In 2005, Oddo & Cie purchased Cyril Finance Asset Management,[10] and KilbraXE in 2007.
In 2006, the Group launched its new branch Oddo Metals for commodities trading.[11] In 2007, it was granted a French banking license.[12]
Concurrently with these acquisitions, Oddo built a number of partnerships, including Génération Vie, a joint venture with Allianz in 2003, and La Banque Postale Private Banking, a partnership with La Banque Postale in 2007 which expanded Oddo's private clientele.[13] In 2009, Oddo also established its own research institute in Tunis.
In 2010, Oddo signed a commercial agreement with the securities services arm of Société Générale to develop a joint offering of securities services.[14] That same year, it acquired Banque d'Orsay from Westdeutsche Landesbank AG,[15] and Banque Robeco from Robeco.[16] It also rose to 65 percent equity ownership in Patrimoine Consultant.[17] It also acquired German market activities from Close Brothers Group in 2014, which it subsequently renamed ODDO SEYDLER BANK AG then ODDO BHF Corporates & Markets AG;[18] and asset manager Meriten IM from BNY Mellon in 2015.[19]
In 2016, Oddo & Cie acquired BHF Bank, and rebranded to ODDO BHF the following year.