Nonetheless, Kleinwort Benson's share of the British equities market remained at 5 percent in 1989, not enough to put it in the front ranks of Britain's securities firms. Dresdner immediately took advantage of its situation and became the first German bank to open an office overseas after World War II when it established a representative station in Istanbul in the late 1950s. Dresdner also pioneered the way for foreign stock shares to be traded on West German exchanges at about this time. Tim was the founder of On Beyond Investing, an investment research firm that looked for value in off-the-beaten-path securities.Tim started his career on the credit products proprietary trading group at TD Securities. [2] The merged firm acquired the bullion dealer Sharps Pixley in 1966 thereby securing a seat on the London gold price fixing committee that met twice daily in the offices of N M Rothschild & Sons. Meanwhile, Judy is the co-founder and managing partner of NE Social Impact Fund (NE), a dedicated impact investing fund jointly established by YiMei and NPI, Chinas largest non-profit incubator. We see them around but we don't know what goes on behind the scenes. Kleinwort Benson was formed in 1961 when the firm of Kleinwort, Sons & Company merged with Robert Benson, Lonsdale & Company Limited. At FTI Consulting, he was responsible for establishing the firms India operations across the key practices of corporate finance/restructuring, forensic accounting and investigations, litigation consulting, strategic communications and investor relations. Angel, Fund of Funds, Venture Capital). Once again it lost branches and assets to the war's victors. The Wasserstein name was dropped in July 2006 when the. During those five years, Germany began to rebound economically. Privacy Policy, Roth, Terence, "Deutsche Bank, Dresdner Push into East Germany,", ------, "1992: West German Banks Rushing to Diversify in Anticipation of Barrier-Free Europe,", Rhoads, Christopher, and Erik Portanger, "Two Big German Banks Scramble in Wake of Aborted Megamerger,". Lambert founded the Leveraged Finance Group at Dresdner Kleinwort where he led the effort to integrate the institution's private equity sponsor driven M&A practice with its leveraged finance capabilities. Contact. Prior to Dresdner, served in various capacities at Fortis Capital, Citibank and PNC. Its new-found size and strength stood it in good stead for the hectic times to come. It did so under the guidance of Herman Andrae, Alexander Kleinwort's grand-nephew, who had become a partner in 1907 and whose influence in the firm waxed as that of his aging uncles waned. Documentation: Legal documentation is integral for any business transaction or alliance. German insurance group Allianz has pursued a discriminatory hiring and firing policy at Dresdner Kleinwort, one of London's oldest investment banking businesses, designed to people senior. Earlier, Barry worked at the Federal Reserve Bank of New York. Immediately prior to founding Langham Capital, Shiv managed two technology ventures in Europe. He was the top ranked sell-side analyst for several years before leaving for Switzerland.He is a graduate of Strathclyde University and the London School of Economics. He subsequently moved to Citigroup as a quant researcher in the number one ranked team before joining Aspect Capital as Head of Product Management.He holds a BSc in Economics & Statistics from UCL and a PhD in Econometrics following postgrad work at the Universities of Bristol and Cambridge. The bank struggled to regain some of its prominence during the early postwar years but then faced another reformation from the Liquidation Commission. Dresdner and its rival Deutsche Bank both rushed to capture this new market, forming joint ventures with Deutsche Kreditbank outlets. When the effects of the American stock market crash of 1929 hit Germany in 1931, there was little cash on hand to pay investors. Anne has worked in private equity since 2004 most recently as CFO at Cap10 Partners. Dresdner Kleinwort Capital's growth plans include the [] Four years entrepreneurship experience gave Henry very solid training in starting up company, including team building, fund raising, operation & governance, product development, sales & marketing. Researched capital market developments in frontier market economies and analyzed vulnerabilities related to financing needs, reserve adequacy, asset valuation, and institutional quality . World War I caused trouble for British merchant banks by disrupting foreign trade, and Kleinwort, which relied considerably on business in Germany, was among the hardest hit. Traditionally, merchant bankers had to live with uncertainty as an inherent fact of business life. [2], Last edited on 10 February 2023, at 17:31, Sir Alexander Drake Kleinwort, 1st Baronet, "Kleinwort loses historic Benson name after mega-merger", "Gold, Mexican cotton and enemy debts: archives of Kleinwort Benson Group, merchant investment bankers", "Quin puso el dinero para el golpe del 18 de julio y la Guerra Civil? Steve brings his expertise in industrial and residential real estate, as well as sports and entertainment segment for potential expansion into industrial-sector strategies and real estate investment He is a director of Asset Metrix GmbH and insticube GmbH, both B2B software companies in Munich. The company was already anchored by a strong domestic presence and its American subsidiary, ABD Securities. Dresdner Kleinwort Benson Private Equity has changed its brand name to Dresdner Kleinwort Capital. Mr. Wright has advised and/or sat on the boards of other institutions, including Hansa Capital LBG, CdB Webtech SgR,), Artio Global Investors Inc, Surya Capital LLP, GP Investimentos SA, and IDeA Alternative Investments SpA. Mr. Lambert serves as a member of Vine's investment committee and is a Board member of Village Roadshow, a Vine portfolio company. Dresdner Kleinwort Capital 6 Deals, 6 Portfolio startups, Statistics All rights reserved. Neil Winward - Managing Director, ORIX Spec.. - ORIX USA | ZoomInfo His clients includes: Citibank, P&G, Unilever, Lucent, China Mobile, China Telecom, China Unicom, PetroChina, Sinopec and CNOOC. The company offers its corporate, government, and institutional clients a variety of capital markets products and services, including short-term products and treasury, equity products, rates, credit products, foreign exchange debt origination, sales and marketing, research, risk management, and tax services. Even worse for Kleinwort, the German government declared a moratorium on the repayment of foreign loans in the wake of that nation's bank crisis of 1931. Until mid-2003 he served as Head of Global Private Equity for Dresdner Kleinwort Capital and was a Group Board Member of Dresdner Kleinwort. In 1967, it opened an investment bank in New York, using its strong reputation in the Eurobond market to get underwriting business. [33] Additional cases were brought by Dresdner Kleinwort executive committee members John McIntyre, Bertrand Pinel and Alberto Piedra in August 2009 seeking 11million. People: Voyager Management/Morgan Stanley, JPMorgan/Dresdner Kleinwort Dresdner Kleinwort Wasserstein -- Company History Prior to joining YiMei Capital, Judy served as Director of Strategic Investments at HewlettPackard Company. After World War II, Dresdner and the other large German banks were split up. Dresdner Kleinwort Capital is a London-based investment banking firm providing brokerage services for financial and investment products. Dresdner Shifts Asia Ex-Japan Credit Trading To Singapore Seeing the potential for growth in foreign markets, Dresdner began opening interests in Asia and Italy. It also disclosed in its 1987 annual report that its treasury division chalked up "record operating income" due to volatility in the dollar and interest rates. The union created the world's fourth-largest financial group, leaving Dresdner in an enviable position. He worked on the prop desk for 11 years, moving up to the position of Director, trading convertible bonds, credit default swaps, corporate bonds, and various other derivatives. Thanks to the integration of the world's financial markets, the American stock market crash of 1987 was felt around the world. Our bankers pride themselves on working closely with our clients to provide tailored advice for specific situations. [6], In 1947 Robert Benson and Co. merged with Lonsdale Investment Trust (founded by Leo Lonsdale) to form Robert Benson, Lonsdale and Co.[7] The Benson family interest in the group was watered down but operational control of bank remained with its Chairman, Rex Benson. After 1945, the destruction of the German economy, the loss of prewar loan records, and the fact that Soviet Union did not want to see money repaid to Western bankers from its zone of occupation complicated the matter of settling the debts. Formerly the Global Head of Fixed Income, Currencies and Commodities at both ANZ Bank and Dresdner Kleinwort, the investment banking division of Allianz, and responsible for managing teams comprised of over 2000 staff, he has an exemplary track record in risk management, identifying value opportunities & building high-performance teams. Soon after the Allianz merger, though, Dresdner stumbled badly. He was primarily responsible for handling commercial and residential real estate development, and designing large international EPC projects with many prominent public works. Christopher Wright is Chairman and a co-founder of EMAlternatives LLC in Washington DC and of its former affiliate in China, Yimei Capital Ltd, and is also a director of Merifin Capital Group, a private European investment firm. Allianz made it clear that it would either split off or scale back Kleinwort Wasserstein. In a career spanning over 30 years, Isaac managed operations in software and hardware products and services, working with mobility, wireless, telecom, networking, storage, security, media and semiconductor industries and emerging technologies. By 1989, it boasted of offices and subsidiaries in ten countries and four continents--a small empire of its own. Reynolds finally won, acquiring 80 percent of British Aluminum stock by early 1959. But the banks were too loyal to their customers and lent out too much money. Lord Lilley also served as a non-executive Director on boards of several firms, including Tethys Petroleum Ltd., Melchior Japan Investment Trust PLC, Idox PLC and J P Morgan Cloverhouse Investment Trust. Valuation: Valuations constitute a significant part of any transaction process, be it in the nature of an acquisition, divestiture, joint venture, merger, de-merger or the setting up of a new operation. This was clarified to mean that Front Office staff would receive 10% of the bonus promised in December 2008 but support functions would receive their full bonus. Rather than forcing Dresdner to sell the investment bank (an obstacle in prior merger negotiations), Allianz created a new corporate and market division under the leadership of Kleinwort Wasserstein. A global cross-border investment bank providing M&A, capital raise and corporate finance advisory services, Direct presence in the US, the UK, and India, and banking partnerships worldwide, Completed transactions in the US, the UK, Continental Europe, the Middle East, Japan, and India, Specializes in the Technology and Consumer Sectors, Senior bankers with global M&A experience over many years. All rights reserved. He has 35 years' experience in investment banking, capital markets, corporate and private banking and asset management with a particular focus on risk management. When Carl Freiherr von Kaskel, Felix Freiherr, and Eugene Gutman opened the doors of Dresden Bankhaus for business in Dresden on December 1, 1872, the time was ripe for new banks in Germany. Kleinwort Benson nevertheless remained committed to securities. With offices in India, the US and the UK, Langham Capital has built a strong global network of senior executives, entrepreneurs, investors, attorneys and advisors, and can execute transactions across all key geographies.
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