dresdner kleinwort capital

Dresdner and its rival Deutsche Bank both rushed to capture this new market, forming joint ventures with Deutsche Kreditbank outlets. n***@orix.com. Currently, he is also an Adviser to AfricInvest, a pan-African private equity firm. Prior to joining YiMei Capital, Judy served as Director of Strategic Investments at HewlettPackard Company. Before the year was out, the house had sold a 4.9 percent interest to American Can, which sold its shares to Morgan Stanley International several months later. The Great Aluminum War altered merchant banking by turning mergers and acquisitions into a high-profile, high-profit business. Some of these moves worked well; others did not. Dresdner Bank A.G. Our bankers pride themselves on working closely with our clients to provide tailored advice for specific situations. They merged in 1961 to create Kleinwort Benson Lonsdale, later Kleinwort Benson. In the mid-1970s, Dresdner opened representative offices in London, Tokyo, and even Moscow. Admittedly, "whenever I've felt like moving, something's happened to the firm where I've been working," he says. In 2002 almost all of Germany's major banks reported their worst losses in the postwar era. Because of its traditional reliance on trade with Germany, Kleinwort was hit harder than most of its competitors by the crisis. Dresdner also pioneered the way for foreign stock shares to be traded on West German exchanges at about this time. [13] It also managed the flotation of Cable & Wireless in the same year. Following its acquisition by Socit Gnrale in June 2016, it was merged with SG Hambros, already a subsidiary of Socit Gnrale, to form Kleinwort Hambros in November 2016. Dresdner Bank, which had profited by financing the government's astronomical wartime expenses, found that the German economy's unpreparedness for war, coupled with the Allied blockade and the industrial might of the United States, crippled non-military industries. St. James Press, 2004. Shiv has a Bachelors degree in Economics from the University of Sussex, a Masters degree in Development Economics from the University of East Anglia and an MBA from London Business School. He was Acting Global Head of Private Equity and Infrastructure Investments at Standard Bank Ltd of South Africa from 2005-6. Our activities involve: Negotiation: We understand that effective time and resource management is critical to the successful completion of a transaction. Dresdner continued to expand, opening branches in Singapore and New York in 1972. St. James Press, 2004. 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. Dresdner set out to bolster its international presence by concentrating on developing a global asset-management network. Langham Capital advises companies on sourcing capital from the public markets (NASDAQ, AIM) as well as private equity. Henry Hu holds a Master Degree of Computer Science from Columbia University and a BS in Physics from Peking University. Dylan was formerly Head of Liquid Investments at Calibrium AG, Zurich, where he helped build and establish one of the largest Family Offices in Europe.Dylan started his career at Dresdner Kleinwort Benson in 1997 in the Quant, Strategy and Economics group before moving to Socit Gnrales highly regarded global strategy team. This was due largely to the capital loans that Dresdner and the other leading banks made to new and developing German industries. Marginal return of capital The LSE share buyback proves that LSE would rather weaken its strategic position through reactive tactics than set out a clear vision for the business. He received his Master of Architecture degree from University of Minnesota, and his bachelor of Architecture degree from Tsinghua University. In 2001 Dresdner was acquired by Allianz AG, a global insurance provider that saw the takeover as a way of bolstering its financial management arm. As a measure of the subsidiary's, and Dresdner's, American prominence, ABD's chief, Theodor Schmidt-Scheuber, was the first foreigner to be made head of an American stock exchange, in Boston. 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. Until mid-2003, he also served as Head of Global Private Equity of Dresdner Kleinwort Capital and was a Group Board Member of Dresdner Kleinwort based in NYC, London and Frankfurt having joined Kleinwort Benson in 1978. On the other hand, the merger left the future of DrKW in question. Dresdner was not exempt. Its size increased in 1939, when Lnderbank, the second largest bank in Austria, merged with Dresdner after the Anschluss in Austria. 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. Of the four endeavors, the community of interest with Schaffhausenschor increased Dresdner's power the most. Until mid-2003 he served as Head of Global Private Equity for Dresdner Kleinwort Capital and was a Group Board Member of Dresdner Kleinwort. Phone Number +49 69 740987 Dresdner Kleinwort advise clients, provide financing and supply liquidity. Henry has also founded a start-up technology company which was funded by a famous VC in Shanghai. As consumers, we often take for granted all the hard work that goes into building a great company. 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. SaaS, Android, Cloud Computing, Medical Device), Operating Status of Organization e.g. He is a director of Asset Metrix GmbH and insticube GmbH, both B2B software companies in Munich. He was in charge of oversea business development & strategy, international business management, international M&A and change management post M&A. Prior to YiMei Capital Management, Henry worked as Director in Accenture China and PwC US, where he developed deep understanding of world leading corporations' business and operating model. We offer cross-border mergers & acquisitions, debt & equity capital raising, and corporate finance advisory services in the Technology and Consumer sectors. www.dresdnerkc.com. Dresdner Kleinwort/New York NY. Dresdner Kleinwort is a boutique investment banking firm that offers financial advisory services. Yarrow, who has spent his entire career in equities, has effectively been taken over twice, first by . A syndicate of 14 old-line merchant banks, which was led by Hambros and Lazard Brothers and included Robert Benson Lonsdale, came to the aid of British Aluminum. 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. Kleinwort Benson recognized early on that the future of merchant banking also lay over the seas. Hugh has a BA in philosophy, politics and economics from Oxford University, was a Kennedy Scholar at Harvard, and has an MSc in sociology from the London School of Economics. Kleinwort Benson was formed in 1961 when the firm of Kleinwort, Sons & Company merged with Robert Benson, Lonsdale & Company Limited. The 22 companies are mainly US-based and operate in a range of business sectors. He is Honorary Fellow, Corpus Christi College, Oxford and serves as a member of its Endowment Investment Committee. But Alan Yarrow, who in January became a vice chairman of Dresdner Kleinwort Benson, is an example of the advantages of staying put. He is also a non-executive Director of Baroda Pioneer Asset Management and Chairman of F1F9 (India). Each of the three derivative banks prospered so much as a part of the "economic miracle" of the 1950s that Dresdner was allowed to recombine itself again in 1957 as Dresdner Bank A.G., with its new headquarters in Frankfurt am Main. As it turned out, however, the year of the Big Bang was not entirely kind to Kleinwort Benson. Prior to GroveStreet, Barry was the Senior Investment Officer of CalPERS Alternative Investment Management Program, where he oversaw the development of the program from $1.4 billion to $9 billion invested and led investments in the holding companies of global private equity groups such as The Carlyle Group. Immediately prior to founding Langham Capital, Shiv managed two technology ventures in Europe. The Vienna branch of a Czech bank, Zivnostenska, was also annexed. Earlier, Barry worked at the Federal Reserve Bank of New York. . They needed foreign capital coming in to pay the interest. Shiv is responsible for managing all aspects of the firm's activities including origination and executing transactions, client relationship management and financial management. Despite its turnaround, Kleinwort Benson continued to face increased competition from its larger U.S. and European counterparts. With the leadership of Judy, YiMei Capital team has built up long-term good relationship with local leading GPs in a decade time, which including: Angel Fund, Venture Capital Fund, Buyout Fund, Mezzanine Fund, Special Opportunity Fund, Real Estate Fund and Art Fund etc. Kleinwort Benson did not fare as well in the second half of 1988. Its ability to overcome hardships and the market downturn had secured it a short-term future with Allianz. He serves on the board of the UK charity, The Sutton Trust, and is an Advisory Director of the Scientific Exploration Society in the UK. [2] Kleinworts established a successful trading business in Cuba, profiting from the expansion of the H. Upmann and Sons cigar business. Dresdner Kleinwort Wasserstein Capital Markets Follow About us Created in 2000 through the merger of Dresdner Kleinwort and Wasserstein Perella. Friderichs's tenure ended in February 1985, when he resigned in the wake of charges that he had accepted a bribe for a favorable tax ruling given to the Flick Industrial Group while he was economics minister. Steve was the vice president of CCDI group, general manager at both of its Sports and Overseas division. OCCUPATIONAL DEVELOPMENT 1990 - 1992 Dresdner Bank AG, Frankfurt a.M., Germany, Apprenticeship 1993 - 1995 Dresdner Bank AG, Offenbach a.M., Germany, Customer Consultant 1995 - 1996 Dresdner Bank AG, Frankfurt a.M., Germany, Client Service Officer - Securities Department 1996 - 1998 Dresdner Bank AG, Frankfurt a.M., Germany, Senior CSO<br>1998 - 1999 Dresdner Kleinwort Benson . 2023 PitchBook. We help clients in preparing documents at all stages including non-disclosure agreements, letters of intent and definitive transaction documents. Though sometimes criticized for being unusually willing to assume risks, the management team of Dresdner Bank, led especially by Eugene Gutman, quickly made Dresdner the number two financial institution in Germany, behind only Deutsche Bank. All rights reserved. The company was already anchored by a strong domestic presence and its American subsidiary, ABD Securities. Dresdner also continued its pan-European development when it forged an alliance with Banque Nationale de Paris (BNP), one of the three largest banks in France, in 1991. We pride ourselves on the strength of our relationships, the integrity of our advice and a thorough analytical approach to our work. [37], In November 2011 Saffron Tax Partners announced the acquisition of the private client tax compliance business from Kleinwort Benson. 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. Active, Closed, This describes the type of investor this organization is (e.g. 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. Dresdner renamed its investment banking operations Dresdner Kleinwort Wasserstein. After the merger's failure, Dresdner's chairman, Bernhard Walter, resigned and was replaced by Bernd Fahrholz. Hans Friderichs, a former economics minister, was Ponto's eventual replacement. In anticipation of monetary union in 1990 (which preceded political union by a year), East Germany revamped its entire banking system, spinning off its state central bank's retail operations into a new unit called Deutsche Kreditbank. Kleinwort relocated to London in 1855. Dresdner Kleinwort Benson In September 2004, Coller Capital's fund acquired a $90 million portfolio of companies from Dresdner Kleinwort Benson. Unlike Robert Fleming and Schroders, the two last main UK banking survivors, Kleinwort Benson had failed, to Robertson's personal regret, to build up a major asset management operation. Between 1924 and 1929, Dresdner Bank was involved in a lending policy that brought economic chaos to Germany again in 1931. 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. The firm was formerly known as Kleinwort Benson until Dresdner Bank acquired it in 1995. The earliest known Kleinwort to go into banking was 24-year-old Heinrich Kleinwort, a grandfather of Sir Alexander Drake Kleinwort, 1st Baronet. The dissolution of economic barriers between European states required German banks to extend beyond their national boundaries. [28] It also became clear that the capital markets and equities units would close and that advisory work would only be undertaken for Commerzbank's German clients. Contact Number (***) ***-**** Descriptive keyword for an Organization (e.g. Nonetheless, Kleinwort Benson survived the crisis in better shape than its competitors. Also, Dresdner and the other big banks carried too much foreign credit. He is a co-founding director of ROPER Technologies Inc. (NYSE); and was a director of IDOX PLC (AIM) until 2013 and non-executive Chairman of Maxcess International Corporation until 2014. Dresdner earned recognition in 1974 for its adroit handling of the sale of the Quandt family's 10 percent share of Daimler-Benz to Kuwait, the largest deal of the kind at the time. Friderichs's replacement was Wolfgang Rller, a member of Dresdner's board whose specialty was the securities business. Prior to joining us, Janusz was head of Central and Eastern European private equity at Allianz Specialized Investments (formerly Dresdner Kleinwort Capital), having previously been deputy chairman and managing director of PTP-Kleinwort Benson. He was primarily responsible for handling commercial and residential real estate development, and designing large international EPC projects with many prominent public works. 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 also focused on restructuring investments in small-to-medium sized German telecommunications companies for Dresdner Kleinwort Capital, the private equity arm of Dresdner . It tried to recover its money through foreign courts but without success. Soon thereafter, Dresdner began merger talks with Commerzbank AG, the second largest bank in Germany, though these negotiations were also scuttled. 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. It was one of the few British securities firms that made a profit on equities dealing in late 1987 and early 1988. Dresdner offers an array of products and services for private and corporate customers, including lending and deposit activities, corporate financing, equity sales, and asset management. Dresdner Kleinwort caters to corporate, finance, telecommunication, media, technology, energy, power, and retail sectors. Our team is comprised of experienced professionals with backgrounds in investment banking, consulting, operations, technology, and research. Corporate finance continued to account for a large share of its revenues and, according to The Economist, it also had "the biggest banking book of any British merchant bank, with some 3 billion of loans outstanding.". He advised on strategy and funding, with a view to introducing these companies to international best-practices in management and finance. At the high point of economic chaos, in 1923, Dresdner held assets of 204 trillion marks. In the first two cases, the firm found itself with unprofitable investments in failing companies that it was also forced to manage; in the third, it loaned money to insurance entrepreneur Clarence Hatry, only to lose all of it when Hatry was convicted of fraud in 1929. Nevertheless, Kleinwort survived the Depression, while other merchant banks either folded or needed a handout from the Bank of England. Previously, he was a Member of Parliament from 1983 to 2017. Dresdner Kleinwort is a boutique investment banking firm that offers financial advisory services. Until mid-2003 he served as Head of Global Private Equity for Dresdner Kleinwort Capital and was a Group Board Member . This hurt Dresdner even more than had the lack of expansion during the war years. He has acted as Chairman of various investment funds prior to and following the latters integration with Allianz Private Equity. [19] In the United Kingdom it advised on Carlton Communications' 723million takeover of Central Television in the same year. The deal made Kleinwort Benson the first foreign bank to own a government securities firm that dealt directly with the Federal Reserve Bank of New York. Previously, he was the head of sales, marketing and product development in CoWare, a silicon virtual prototyping start-up (acquired by Synopsys). Source: International Directory of Company Histories, Vol.60. Focus Industries: Biotechnology; Business and consumer products . [21] It added global reach through the acquisition of the US investment bank Wasserstein Perella in 2001 (from Bruce Wasserstein). As a universal bank, Dresdner Bank was formulated to serve all of the economic needs of its community. In 1948, Robert Benson & Company Limited merged with Lonsdale Investment Trust, whom it had served as bankers, to form Robert Benson Lonsdale. [36], In July 2011, RHJ International announced that its subsidiary, Kleinwort Benson, was in exclusive negotiations with Deutsche Bank regarding a potential acquisition of BHF Bank, one of Germany's strongest banking brands, with operations in private banking, asset management, financial markets and corporate banking. In 1968 Dresdner established German-American Securities--now called ABD Securities Corporation--in New York. As consumers, we often take for granted all the hard work that goes into building a great company. Kleinwort could trace its roots to 1838, when a Hamburg shipping clerk named Alexander Kleinwort immigrated to Cuba and joined a Havana trading company run by James Drake. He has over 35 years of private equity, corporate finance, and industry experience. Mr. Morriss has spent over 20 years in private equity. Thornton managed about $1.49 billion in mutual funds and pension accounts. Dresdner Kleinwort Wasserstein (DrKW) operates as the investment banking arm of Germany's Dresdner Bank AG. The London branch was especially significant for the bank because London was the financial center of the world at that time; it gave the company 19 highly profitable years before the onset of World War I. Isaac earned a Bachelors degree in Electrical Engineering from the University of Madras, a MS in Electrical and Computer Engineering from Florida Institute of Technology, and a MBA from Arizona State University. [39] The bank moved to new premises at St George Street in London in 2012. In 1952 the 11 regional banks were turned into three successor institutions of Dresdner Bank. All rights reserved. Dresdner also bolstered its U.S. position by purchasing several seats on the New York Stock Exchange, and in 1993 made its first public offering there. Such an attitude was not surprising, coming from a man who was elevated to chairman of Kleinwort Grieveson Securities in 1987, following the acquisition of Grieveson, Grant and Company, in an effort to give the former Grieveson Grant younger and more aggressive leadership. [20], In 1995, Kleinwort Benson was acquired by Dresdner Bank and, as Dresdner Kleinwort, became its investment banking arm. Mr. Wright is Emeritus Director of Campbell Lutyens @ Co. Ltd, a leading private equity and infrastructure focused investment banking firm based in London. As a member of the Tata Administrative Service, he worked on a number of projects in areas such as hotels, luxury goods, telecoms and soft drink bottling and distribution. Dresdner became involved in yet another deal later that year. He was until 2014 non-executive Chairman of Maxcess International Corporation (a US based industrial controls business), and a founding board member of IDOX Plc (AIM), a leader in e-government software in the UK.

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