Deutsche Bank and Kleinwort Benson Group in exclusive negotiations on the sale of BHF-BANK
Deutsche Bank (XETRA: DBKGn.DE / NYSE: DB) and RHJ International, through its wholly owned subsidiary Kleinwort Benson Group, are in exclusive negotiations on the sale of BHF-BANK, one of Germany’s strong banking brands with a long and successful tradition in Private Banking, Asset Management, Financial Markets and Corporate Banking.
The acquisition of BHF-BANK, with its reputation among wealthy private clients and corporates in Germany, would be a further step in RHJ International’s transformation into a financial services group based on an independent private and merchant banking model. BHF-BANK will, in the German market, complement Kleinwort Benson Group’s offering in the UK, Ireland and the Channel Islands.
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Deutsche Bank is a leading global investment bank with a substantial private clients franchise. Its businesses are mutually reinforcing. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. With more than 100,000 employees in 73 countries, Deutsche Bank offers unparalleled financial services throughout the world. The bank competes to be the leading global provider of financial solutions, creating lasting value for its clients, shareholders, people and the communities in which it operates.
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