Degroof Petercam

The Banque Philippson was a significant private bank in Brussels, Belgium, founded in 1871 by Franz Philippson. It took the name Degroof in 1961 following a change in controlling ownership. In 2015, it merged with Belgian brokerage Petercam to form Degroof Petercam. In August 2023, Paris-based Crédit Agricole announced its acquisition of an 80-percent stake in Degroof Petercam, which it completed in 2024.