JPMorgan Chase has transferred 3,949,232 BinckBank shares to a wholly-owned subsidiary of the Aquiline Financial Services Fund and its affiliates as part of a derivative agreement.
JPMorgan Chase has transferred 3,949,232 BinckBank shares to a wholly-owned subsidiary of the Aquiline Financial Services Fund and its affiliates as part of a derivative agreement.
Neither JPMorgan nor Aquiline has bought or sold BinckBank shares to effect this transfer.
Following the transfer, Aquiline has economic and legal ownership of the shares which represent 5.12 per cent of BinckBank’s outstanding share capital.
Aquiline Capital Partners is a private equity firm based in New York investing exclusively in the global financial services sector in industries such as property and casualty insurance and reinsurance, banking, specialty finance, securities, asset management, operations and financial technology, and life and health insurance and reinsurance.
