Saarland offers industrial and service companies excellent conditions. This is not only appreciated by Saarland companies, but also by companies from other parts of Germany and all over the world. In 2021, for example, the German-French financial group ODDO BHF has decided to open a location in Saarland`s capital Saarbrücken. We spoke to the General Partner and Chairman of the Board of ODDO BHF Group, Philippe Oddo, about the reasons for the expansion.
Dear Mr. Oddo, you are already the fifth generation to head ODDO BHF. Would you please briefly introduce us to your group and your special features?
ODDO BHF Group is a family-owned company with a long history dating back to 1854 in Marseille. We are very successful in Private Wealth Management, Asset Management and Corporates & Markets. With 2,500 employees worldwide, we manage assets of more than 125 billion euros for our discerning clients. This makes ODDO BHF one of the most important independent banks in Europe. What makes ODDO BHF special is that our employees are shareholders – 30 percent of our capital now belongs to our employees. We want to develop this entrepreneurial spirit. It’s a long-term strategy that means an awful lot to us.
What are your goals with building another site?
In 2016, we acquired BHF-BANK in Frankfurt and in 2020 Landolt & Cie in Switzerland. So we are French in France, German in Germany and Swiss in Switzerland. With our other activities in Amsterdam, Madrid, London, Milan, and other cities, for example, we have grown into a European group. In our next development step, we want to become a true European champion. To this end, we are putting all our processes to the test, with the aim of working in an even more target- and client-oriented way and becoming simpler, more efficient and better. In addition, we are investing in the digitization of our tools and processes, and in IT and artificial intelligence. To sustainably support our growth activities, we have decided to establish another business solution center in addition to our service site in Tunis, which has existed for around ten years. The focus here is on Corporate Center services like IT/IT Security, Operations, Finance and others. While doing so, we also want to further strengthen our innovative capability.