Question 1

What is Cholet Dupont Oudart?

Accepted Answer

Cholet Dupont Oudart is a specialized French credit institution focused on wealth management and private banking services. Based in Paris, the bank serves private individuals, business leaders, families, foundations, and associations. The institution combines two historic French private banking houses: Cholet Dupont and Oudart, both with centuries of banking tradition. In December 2021, Cholet Dupont Oudart was acquired by Milleis Banque Privée, backed by AnaCap Financial Partners.

Question 2

When was Cholet Dupont Oudart founded?

Accepted Answer

Cholet Dupont traces its origins to 1784, making it one of the oldest banking houses in France. The institution merged with Oudart in June 2021 to form Cholet Dupont Oudart. Oudart itself was a well-established French private bank that had been operating independently before being acquired by EFG International, and subsequently by Cholet Dupont. The combined entity was then acquired by Milleis Banque Privée in December 2021, creating France's third-largest independent wealth manager.

Question 3

Where is Cholet Dupont Oudart headquartered?

Accepted Answer

The bank is headquartered in Paris at 16 Place de la Madeleine, in the 8th arrondissement.

Question 4

Where does Cholet Dupont Oudart operate?

Accepted Answer

Cholet Dupont Oudart operates from its Paris headquarters, serving clients throughout France. Following its acquisition by Milleis, the combined entity serves approximately 70,000 families across France with a network of strategically located hubs in key regional wealth centers.

Question 5

What services does Cholet Dupont Oudart offer?

Accepted Answer

The bank specializes in wealth management services including portfolio management, collective management, life and pension insurance, discretionary portfolio management, financial advisory services, and comprehensive estate planning. The institution is registered as an insurance broker (courtier en assurances) and provides tailored wealth management solutions. Cholet Dupont Asset Management, a subsidiary, operates as a portfolio management company approved by the Autorité des Marchés Financiers.

Question 6

What makes Cholet Dupont Oudart unique?

Accepted Answer

Cholet Dupont Oudart represents one of France's oldest banking traditions, with Cholet Dupont's history dating back to 1784. The bank is renowned for its independence, quality of asset management, and expertise in estate planning. Following the 2021 merger with Oudart and subsequent acquisition by Milleis, the combined entity manages approximately €13 billion in assets under management, making it the third-largest independent wealth manager in France. The bank maintains its traditional values and client-focused approach while benefiting from enhanced scale and resources.

Question 7

What type of financial institution is Cholet Dupont Oudart?

Accepted Answer

Cholet Dupont Oudart is classified as a Credit Institution (CRDCREINS) under European Banking Authority regulations and operates as a specialized credit institution (établissement de crédit spécialisé) regulated by the French Code monétaire et financier. It was approved by the French Prudential Supervision and Resolution Authority (ACPR) on June 28, 1996. The bank participates in the French Deposit Guarantee Fund (Fonds de Garantie des Dépôts et de Résolution - FGDR), which covers deposits up to €100,000 per depositor.

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