Phone Number +49 69 740987 Dresdner Kleinwort advise clients, provide financing and supply liquidity. The resulting Kleinwort Benson Lonsdale held assets of 60 million. . "The upshot is that the German and European banking landscape will look substantially different from today," Dresdner Chairman Wolfgang Rller told the Wall Street Journal in 1990. The Wasserstein name was dropped in July. Judy serves as a board member of Shanghai Charity Foundation and United Way China, and also president of the Wharton Club of Shanghai Board. In his first year in charge, earnings rose 18 percent and assets 8 percent, to DM 189 billion. Dresdner became involved in yet another deal later that year. The domination of the big banks had long fostered a populist resentment, which the Nazis carefully exploited. 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 Kleinwort Wasserstein has moved its Tokyo-based Asia ex-Japan credit derivatives trading operation to Singapore as part of an on-going effort to build its capital markets presence in. As Dresdner had always been a huge success in international business and its partner had long shown a genius for domestic banking, the alliance was a natural one, and the standings of both firms increased greatly as they shared profits and policies. In the first decade of this century, Dresdner formed a community of interest with Schaffhausenschor Bankverein in 1903, opened stock companies to start trade with Asia and South America, formed 27 branches through absorption of smaller banks, and formed an alliance with the American bank J.P. Morgan and Company to engage in international finance. The third largest bank in Germany and one of the leading international banks in Europe, Dresdner Bank A.G. operates over 1,100 branch offices in 60 nations. Its ability to overcome hardships and the market downturn had secured it a short-term future with Allianz. Prior to joining Langham Capital, Vikram was Managing Director & Country Manager-India for FTI Consulting, a multi-segment business advisory firm, headquartered in the US and listed on the NYSE. The financial giant pledged to hold onto the unit for two years before considering a sale, giving DrKW and its employees some breathing room for the next 24 months. Robert is the prior CEO of Renaissance Technologies (UK) where he ran and managed the London office responsible for the EMEA regions.He started his career in 1997 as a derivatives risk manager at Dresdner Kleinwort Benson where he first met Dylan Grice - before switching to quantitative strategy/research. Our bankers pride themselves on working closely with our clients to provide tailored advice for specific situations. Kleinwort's profitable activities in precious metals and foreign currency trading during this decade helped offset these fiascos. World War I and its aftermath were a disaster for almost every company in Germany. TEAM_YiMei Capital Vikram has a Bachelors Degree in Mechanical Engineering from the Birla Institute of Technology, MESRA, Ranchi and an MBA (Finance Major) from the Faculty of Management Studies, University of Delhi. They merged in 1961 to create Kleinwort Benson Lonsdale, later Kleinwort Benson. The earliest known Kleinwort to go into banking was 24-year-old Heinrich Kleinwort, a grandfather of Sir Alexander Drake Kleinwort, 1st Baronet. Thanks to this poor performance, its stock price neared a four-year low in the spring of 1989. In her earlier career, Judy worked as M&A project manager at PepsiCo, New York. learn how over 7,000 companies got started! [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. Dresdner Kleinwort Capital Inc - Company Profile and News Dresdner achieved unprecedented success in the deposit business between 1896 and 1908 largely through innovative marketing techniques and the bold move of offering higher interest rates to deposit customers to draw a profitable volume of business. All rights reserved. Kleinwort Benson nevertheless remained committed to securities. Dresdner set out to bolster its international presence by concentrating on developing a global asset-management network. In addition, Kleinwort Benson's Australian banking and securities operations were sold to Security Pacific in October 1989. [40], RHJ International became "BHF Kleinwort Benson Group" in March 2015[41] and was acquired by Oddo & Cie in early 2016. Kleinwort took on more domestic underwriting business than it had in the past, but it also embarked on unsuccessful forays into shipbuilding, cotton manufacturing, and fire insurance. Since 2016, Andreas is the Chairman and the Chief Investment Officer, Private Markets in Gestron Asset Management investing in private equity and private credit primaries funds, secondaries funds and direct co investments in USA and Europe.<br><br>Before that . We manage the negotiation process towards closure by setting and monitoring the timetable, taking each step forward towards completion and liaising closely with the other parties involved in the transaction. Until mid-2003, he served as Head of Global Private Equity for Dresdner Kleinwort Capital and was a Group Board Member of Dresdner . Read More . This is the branding that Dresdner will use for its private equity business worldwide. Eddie Listorti - Viridios Capital Thomas Wiegand - Cerberus Capital Management In 1990, Dresdner inked a deal with Deutsche Kreditbank that gave the West German firm control over 72 Kreditbank retail branches and a 49 percent stake in the outfit, which was named Dresdner Bank Kreditbank AG. Dresdner Kleinwort Capital 6 Deals, 6 Portfolio startups, Statistics London, England, United Kingdom Investment Bank Late Stage Venture 147,382 Highlights Investments 6 Exits 4 Funding Round Aug 14, 2001 / and other investors Discover more funding rounds View All Details Industries Jonathan Agnew, who succeeded Michael Hawkes as chief executive of the Kleinwort Benson Group in 1989, staked the firm to the prospect of becoming an integrated investment bank based on the conviction that a strong securities business would help market the products generated by the bank's other activities. Dresdner Kleinwort/New York NY. After leaving in 1997, he co-founded an international advisory firm focusing on the emerging markets and in 2007, he co-founded EMAlternatives, a fund-of-funds manager focusing on emerging markets, including investments in China. As a universal bank, Dresdner Bank was formulated to serve all of the economic needs of its community. However, S.A. Warburg, another London banking house of long standing, sided with Reynolds, producing a bitter and divisive rupture in London's merchant-banking fraternity. Our colleagues at Financial News scoured the U.K.'s regulatory register for details of the 72 former Dresdner Kleinwort fixed income traders who Tuesday filed for a total of 34 million ($49 . 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. Isaac runs the Information Technology practice at Langham Capital. Until mid-2003 he served as Head of Global Private Equity for Dresdner Kleinwort Capital and was a Group Board Member of Dresdner Kleinwort. Dresdner Kleinwort Capital is a London-based investment banking firm providing brokerage services for financial and investment products. [9] Kleinwort Benson worked on several major mergers and acquisitions at this time including the merger of Cadbury with Schweppes in 1969. Under Rller, Dresdner began to prosper again. Privacy Policy, Astbury, Kate, "Allianz Still Half in Love,", "Finance and Economics: Death of a Deal,", "For Better, For Worse; Allianz and Dresdner Bank,", Hobday, Nicola, "Whither Dresdner Kleinwort Wasserstein,", Jenkins, Patrick, "DrKW Aims to Recapture Past Glory,", Kerr, Ian, "Can Kleinwort Elude the Vultures,", Merrell, Caroline, "Allianz Signals Disposal of DKW,", Stevenson, Richard W., "Dresdner Will Pay $1.6 Billion for Kleinwort Benson,", "Wasserstein's Acquisition Completed by Dresdner,". Hugh has worked on transactions in 15 countries. Its new-found size and strength stood it in good stead for the hectic times to come. Mr. Lambert serves as a member of Vine's investment committee and is a Board member of Village Roadshow, a Vine portfolio company. Hon the Lord Lilley is a British Conservative Party politician who joined the House of Lords in June 2018. Immediately prior to founding Langham Capital, Shiv managed two technology ventures in Europe. Its recent financial performance had been faltering and, to top it off, Dresdner did not appear as adamant as it had in the past for keeping its investment unit intact now that it had a rich parent. 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. CO-FOUNDER Dylan was formerly Head of Liquid Investments at Calibrium AG, Zurich, where he helped build and establish one of the largest Family Office's in Europe. Re/Unification in the Late 1980s and 1990s. During this time he executed a variety of transactions in equity capital markets, mergers and acquisitions, privatization, and debt restructuring. Friderichs's replacement was Wolfgang Rller, a member of Dresdner's board whose specialty was the securities business. Dresdner Kleinwort Benson Private Equity has changed its brand name to Dresdner Kleinwort Capital. Allianz announced it would lay off 8,000 Dresdner employees that year, with another 3,000 cuts slated. The 22 companies are mainly US-based and operate in a range of business sectors. Dresdner was delighted that its investment banking arm was included as part of the package. Dresdner Kleinwort Capital | MyCapital The German debt problem continued to dog Kleinwort after the outbreak of war in 1939. Long considered the most conservative of the "Big Three" German banks, Dresdner's Kleinwort acquisition showed that the company was thoroughly committed to expanding into investment banking, rather than remaining primarily focused on its lower-margin core commercial banking operations. [3] Edward Cohen and James Drake joined the firm in the 1830s and for a while it was known as Drake, Kleinwort and Cohen; it was then renamed Kleinwort, Sons and Company in the 1880s. We pride ourselves on the strength of our relationships, the integrity of our advice and a thorough analytical approach to our work. Four years entrepreneurship experience gave Henry very solid training in starting up company, including team building, fund raising, operation & governance, product development, sales & marketing. 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. 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. Email. Vikram has over 20 years of experience as a strategic and financial adviser to clients worldwide. Focus Industries: Biotechnology; Business and consumer products . About us Since its foundation in 1993, South Andes Capital provides mergers and acquisitions and corporate finance services to local and foreign clients. He is also a Visiting Senior Fellow at the LSE IDEAS diplomacy and strategy think-tank at the London School of Economics. [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? He joined Kleinwort Benson Limited in London in 1978 and in 1981 co-founded Kleinworts first office in California. Prior to this, he worked in the investment banking and corporate finance division of Credit Suisse, based in Mumbai, Singapore and Hong Kong, and the investment banking arm of Barclays Bank (then known as BZW), based in New Delhi. Kleinwort Benson - Wikipedia 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. Washington, DC 20549- 1000 Attn: Ms. Nancy M. Morris, Secretary Telephone +1 212 969 2700 w.dresdnerkleinwort.com ViaElectronic Mail It managed the reprivatisation of British Aerospace, the first of the British Government's programme of disposals in 1981. Get the full list, Youre viewing 10 of 69 services on a deal buy side. Langham Capital provides expert corporate finance advisory services to companies seeking to build their global businesses. 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. 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. The global economic decline and the stock market drops of the early 21st century eroded Dresdner's loan business, as it was forced to write off loans to failing and insolvent companies. The firm provides mergers and acquisitions, strategic alliances, equity and debt underwriting, sales and trading, derivatives, equity research, and valuation services. 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. Late in 1987, Kleinwort Benson sold a 1.5 percent stake to Sumitomo Life Insurance, and Consolidated Gold Fields bought a 50 percent interest in Kleinwort Benson Energy. Home - Vine Alternative Investments Group, LLC He was Acting Global Head of Private Equity and Infrastructure Investments at Standard Bank Ltd of South Africa from 2005-6. Particularly in the wake of the global insecurity caused by the terrorist attacks in the United States on September 11, 2001, investment banking took a beating across the globe, and Dresdner's mergers and acquisitions business dried up. Dresdner Kleinwort - Crunchbase Investor Profile & Investments While remaining a partner with EMA, he became a Senior Investment Partner with Global Environment Fund in Washington DC. Dresdner Bank A.G. -- Company History The company was already anchored by a strong domestic presence and its American subsidiary, ABD Securities. Judy has more than 20 years of global investment experiences in venture capital and private equity investments ranging from primary fund commitments, direct investments to M&A activities that span across US, Europe, and Asia, particularly in China. Isaac began his career at Intel, managing microprocessor based systems, micro-controller based ASICs, and computer-aided design systems. The foundation of the Central Bank for Railway Securities by Dresdner in 1898 further cemented the relationship between the bank and the railroad industry. 2022 Langham Capital. Dresdner Kleinwort | LinkedIn 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. Dylan started his career at Dresdner Kleinwort Benson in 1997 in the Quant, Strategy and Economics group before moving to Socit Gnrale's highly regarded global strategy team. Dresdner Kleinwort Wasserstein Address: 20 Fenchurch Street London EC3P 3DB United Kingdom Telephone: (207) 623-8000 Fax: (207) 623-4069 http://www.drkw.com Statistics: Wholly Owned Subsidiary of Dresdner Bank AG Incorporated: 1961 Employees: 6,500 Total Assets: EUR 413.4 billion ($424.5 billion) (2002) The article went on to report, "As equity markets have weakened and mergers-and-acquisitions business has dried up, trading revenues have fallen by more than half, and fees and commissions have dropped by more than one-eighth.". He moves from Dresdner Kleinwort, where he covered Northern European companies and financial institutions, and will lead the firm's debt capital markets for companies in Germany, Austria . Steve holds an MBA from Rotman business school, University of Toronto. 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. 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. Previously at Dresdner Kleinwort Wasserstein as head of the NY Leveraged Finance Group and founded the Real Estate and Public Finance Groups. Kleinwort Benson recognized early on that the future of merchant banking also lay over the seas. Before FTI Consulting, Vikram founded a boutique advisory and investment firm to focus on investing personal and co-investor capital in early-stage and mid-market companies. Langham will evaluate the deal and provide a valuation range using variables from both macro and micro levels. He also served as corporate manager & board director at PTW Architects firm. VP to Director and Managing Director at Dresdner Kleinwort, MetLife, GE Capital-Genworth Financial 1998 - 2007 9 years. The dissolution of economic barriers between European states required German banks to extend beyond their national boundaries. Both parties eyed the $1.6 billion purchase as being highly beneficial. Mr. Wright is Emeritus Director of Campbell Lutyens @ Co. Ltd, a leading private equity and infrastructure focused investment banking firm based in London. Kleinwort Benson was a leading investment bank that offered a wide range of financial services from offices throughout the United Kingdom and Channel Islands.