ODDO BHF is a financial services group headquartered in

Paris Paris () is the Capital city, capital and List of communes in France with over 20,000 inhabitants, largest city of France. With an estimated population of 2,048,472 residents in January 2025 in an area of more than , Paris is the List of ci ...

France France, officially the French Republic, is a country located primarily in Western Europe. Overseas France, Its overseas regions and territories include French Guiana in South America, Saint Pierre and Miquelon in the Atlantic Ocean#North Atlan ...

. 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 (; composed of the words "''Mittel"'' for ''middle'' and "''Stand''" for ''class'') commonly refers to a group of stable business enterprises in Germany, Austria and Switzerland that have proved successful in enduring economic change and turbule ...

companies, and in 2017 renamed itself ODDO BHF. ODDO BHF operates mainly in

private banking Private banking is a general description for banking, investment and other financial services provided by banks and financial institutions primarily serving high-net-worth individuals (HNWIs) – those with very high income or substantial asset ...

asset management Asset management is a systematic approach to the governance and realization of all value for which a group or entity is responsible. It may apply both to tangible assets (physical objects such as complex process or manufacturing plants, infrastr ...

, and

investment banking Investment banking is an advisory-based financial service for institutional investors, corporations, governments, and similar clients. Traditionally associated with corporate finance, such a bank might assist in raising financial capital by und ...

History

Oddo & Cie was founded in 1967 by Bernard Oddo, a stockbroker in

Marseille Marseille (; ; see #Name, below) is a city in southern France, the Prefectures in France, prefecture of the Departments of France, department of Bouches-du-Rhône and of the Provence-Alpes-Côte d'Azur Regions of France, region. Situated in the ...

. In 1987, Philippe Oddo became the managing partner. In 1988, insurer AGF became a minority shareholder. In 1991, Oddo & Cie opened Oddo DV, its subsidiary in Madrid. In 1997, the company acquired Delahaye Finance, a private management specialist firm. In 1998, it expanded to the United States through Oddo Securities Corporation in

New York City New York, often called New York City (NYC), is the most populous city in the United States, located at the southern tip of New York State on one of the world's largest natural harbors. The city comprises five boroughs, each coextensive w ...

. In the same year, Oddo Options started operations, bringing under a single firm options trading activities previously divided between Paris, Madrid, and Milan. In 1999, Oddo Asset Management was created. In 2000, Oddo acquired Pinatton, a company specialized in intermediation, corporate finance, and private banking. In 2003, it acquired NFMDA (private management) and in 2004, the European credit intermediation activities of

Crédit Lyonnais The Crédit Lyonnais (, "Lyon Credit ompany) was a major French bank, created in 1863 and absorbed by former rival Crédit Agricole in 2003. Its head office was initially in Lyon but moved to Paris in 1882. In the early years of the 20th cen ...

. In 2005, Oddo & Cie purchased Cyril Finance Asset Management, and KilbraXE in 2007. In 2006, the Group launched its new branch Oddo Metals for commodities trading. In 2007, it was granted a French banking license. Concurrently with these acquisitions, Oddo built a number of partnerships, including Génération Vie, a joint venture with

Allianz Allianz SE ( , ) is a German Multinational corporation, multinational financial services company headquartered in Munich, Germany. Its core businesses are insurance and asset management. Allianz is the world's largest List of largest insurance ...

in 2003, and La Banque Postale Private Banking, a partnership with

La Banque Postale La Banque postale (, ) is a French postal bank, created on 1 January 2006 as a subsidiary of La Poste, the national postal service. It has been designated as a Significant Institution since the entry into force of European Banking Supervision ...

in 2007 which expanded Oddo's private clientele. In 2009, Oddo also established its own research institute in

Tunis Tunis (, ') is the capital city, capital and largest city of Tunisia. The greater metropolitan area of Tunis, often referred to as "Grand Tunis", has about 2,700,000 inhabitants. , it is the third-largest city in the Maghreb region (after Casabl ...

. In 2010, Oddo signed a commercial agreement with the securities services arm of

Société Générale Société Générale S.A. (), colloquially known in English-speaking countries as SocGen (), is a French multinational universal bank and financial services company founded in 1864. It is registered in downtown Paris and headquartered nearby i ...

to develop a joint offering of securities services. That same year, it acquired Banque d'Orsay from

Westdeutsche Landesbank AG Westdeutsche Landesbank (, abbreviated as WestLB) was a major German bank based in Düsseldorf, mainly controlled by the German state of North Rhine-Westphalia. It was created in 1969 by the merger of two predecessor entities respectively for th ...

, and Banque Robeco from

Robeco Robeco is an originally Dutch asset management firm, since 2013 part of Orix, founded in 1929 as the Rotterdamsch Beleggings Consortium (Rotterdam Investment Consortium). As of 2014, the company had €246 billion of assets under management. It ...

. It also rose to 65 percent equity ownership in Patrimoine Consultant. It also acquired German market activities from

Close Brothers Group Close Brothers Group plc is a UK merchant banking group which provides lending, takes deposits, manages wealth and trades in securities. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. History Close Brothe ...

in 2014, which it subsequently renamed ODDO SEYDLER BANK AG then ODDO BHF Corporates & Markets AG; and asset manager Meriten IM from

BNY Mellon The Bank of New York Mellon Corporation, commonly known as BNY, is an American international financial services company headquartered in New York City. It was established in its current form in July 2007 by the merger of the Bank of New York an ...

in 2015. In 2016, Oddo & Cie acquired BHF Bank, and rebranded to ODDO BHF the following year.

References

External links

Official website
(in French) {{Authority control Banks of France Banks established in 1849 French companies established in 1849 Companies formerly in the MDAX

History

See also

References

External links