Jyske Bank to acquire Danish wealth manager Formuepleje
Denmark's Jyske Bank has sealed a binding deal to acquire Formuepleje, a leading Danish wealth management firm. Formuepleje oversees about DKK 40 billion in assets for around 14,000 investors and employs nearly 100 people, with operations centered in Aarhus and Copenhagen. The acquisition is anticipated to generate annual net fee income just over DKK 0.2 billion and will contribute to earnings per share from 2028 onward.
Integration expenses are projected at roughly DKK 0.1 billion, while net capital consumption is expected to be close to 0.1% of Jyske Bank's risk exposure.
Lars Mørch, Jyske Bank's CEO, emphasized that the acquisition will leverage Formuepleje's robust advisory model, customer base, and proficient staff. The goal is to enhance Formuepleje's business and service offerings using the company's established strengths. Post-acquisition, Formuepleje will gain access to Jyske Bank's infrastructure and capabilities in asset and wealth management, opening avenues to expand Jyske Bank's portfolio in selected alternative investments like real estate and private equity.
The transaction is subject to finalizing regulatory approvals and is slated to finalize in the fourth quarter of 2026, adhering to standard closing conditions.
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