Rabobank to create Benelux equities ‘powerhouse’ with 5% stake in Kepler Cheuvreux

Partnership will combine Rabobank’s ECM team with Kepler Cheuvreux’s sales traders to become ‘number one equity brokerage house in Benelux’.

Rabobank has invested in brokerage firm Kepler Cheuvreux, taking a 5% stake, which will see the Dutch bank pull out of providing brokerage services.  

The partnership will combine Rabobank’s equities capital markets (ECM) team with Kepler Cheuvreux’s sales, sales trading and research team in Europe.

Rabobank’s corporate clients are to set to “benefit and better from ECM and brokerage services,” by linking those clients to Kepler Cheuvreux’s 115 global sales traders.

The Dutch bank said: “Together Rabobank and Kepler Cheuvreux will be the number one equity brokerage house in Benelux.”

Laurent Quirin, CEO of Kepler Cheuvreux, said: “Our multi-local network fits very well with Rabobank’s local approach to be close to its clients.”

Executive board member of Rabobank Jan van Nieuwenhuizen, added the firm believes Kepler Cheuvreux “is the ideal partner” to achieve ‘excellent’ client service in the ECM sector.

Rabobank said the combination of businesses will also provide the “largest research coverage of Dutch equities”.