HRK Lunis acquires Munich wealth manager Eyb & Wallwitz, boosting its assets under management to roughly €11 billion
Executive summary: HRK Lunis announced the acquisition of Eyb & Wallwitz, a Munich‑based independent wealth manager, bringing its total assets under management to approximately €11 billion. The transaction marks a significant step in the ongoing consolidation of Germany’s independent wealth‑management sector, increasing HRK Lunis’s market share and scale.
Who is involved: HRK Lunis (acquirer), Eyb & Wallwitz (target), and their respective clients and advisory teams.
Likely next: Integration of the two businesses, potential cost synergies, and possible further M&A activity as rivals seek to match the enlarged scale.
The deal continues the consolidation wave among independent German wealth managers, as HRK Lunis absorbs a Munich‑based rival to reach about €11 bn in assets under management. By adding Eyb & Wallwitz’s client base and advisory capabilities, HRK Lunis gains greater scale, which can improve pricing power and product distribution efficiency. The transaction underscores the pressure on mid‑size asset managers to grow through M&A in a competitive, fee‑sensitive environment.
Timeline
- — Vermögensverwalter: HRK Lunis übernimmt Eyb & Wallwitz (Handelsblatt)
Analysis — what this means
Likely next events
- Integration of HRK Lunis and Eyb & Wallwitz operations
- Potential follow‑on acquisitions in the German wealth‑management space
- Client retention and cross‑selling initiatives
Sectors affected
- Wealth management
- Asset management
- Financial advisory
Regulatory implications
- Scrutiny of market concentration by German financial regulators
- Possible impact on fee structures under MiFID II oversight
- Adherence to data‑protection rules when merging client databases
Historical parallels
- 2021 merger of Union Investment and DWS’s wealth‑management arm
- 2019 acquisition of Sal. Oppenheim by Deutsche Bank’s wealth unit
- 2015 consolidation of Hannover-based asset managers into HQ Trust
Key entities
Sources
- Vermögensverwalter: HRK Lunis übernimmt Eyb & Wallwitz — Handelsblatt