KBC Group said it will focus on its strategy of providing bancassurance services to retail, SME and midcap customers in its core markets of Belgium and Central and Eastern Europe.
KBC Group CEO for market activities Luc Popelier said that the closing of this transaction marks another step in the implementation of KBC’s strategy which focuses on its core markets and customers and on a reduced risk profile for the group.
"We are convinced that Peel Hunt’s new owners will create a new and stable environment for the business which will be beneficial to all its stakeholders," Popelier said.
Peel Hunt CEO Simon Hayes said that Peel Hunt aims to become the UK’s leading adviser and broker for mid and small cap companies. This will be achieved by building lasting relationships with clients based on the quality of our advice, research and first class execution.
Peel Hunt was founded in 1989 by Charles Peel and Christopher Holdsworth-Hunt, and floated on AIM in February 2000.
In 2001, it was acquired by KBC Bank and Insurance Holding Company, and became KBC Peel Hunt. Key divisions include corporate advisory, research, institutional sales and market making.
