Dresdner Kleinwort

Dresdner Kleinwort (Closed)

Dresdner Kleinwort: A History of Financial Services

Dresdner Kleinwort was a German investment bank that was founded in 1995 through the merger of Dresdner Bank and Kleinwort Benson.

The bank was headquartered in Frankfurt, Germany, and had offices in over 50 countries. Dresdner Kleinwort specialized in a wide range of financial services, including investment banking, asset management, and private banking.

The bank’s history can be traced back to the founding of Dresdner Bank in 1872. Kleinwort Benson was founded in 1868 by the Kleinwort family. The two banks merged in 1995 to create Dresdner Kleinwort.

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Dresdner Kleinwort was one of the leading investment banks in Europe in the 1990s and 2000s. The bank was involved in a number of high-profile deals, including the privatization of Deutsche Telekom and the acquisition of Mannesmann by Vodafone.

However, the bank’s fortunes began to decline in the early 2000s. The bank was hit hard by the financial crisis of 2008, and it was eventually forced to sell off its asset management and private banking businesses.

In 2009, Dresdner Kleinwort was acquired by Commerzbank. The acquisition was part of Commerzbank’s efforts to shore up its balance sheet after the financial crisis.

Dresdner Kleinwort is now a part of Commerzbank. The bank’s name has been retired, and its operations have been integrated into Commerzbank’s.

Here are some of the notable events in Dresdner Kleinwort’s history:

  • Founded in 1872 as Dresdner Bank
  • Merged with Kleinwort Benson in 1995 to form Dresdner Kleinwort
  • Acquired Mannesmann by Vodafone in 1999
  • Hit hard by the financial crisis of 2008
  • Acquired by Commerzbank in 2009
  • Name retired and operations integrated into Commerzbank in 2010

Dresdner Kleinwort was a major player in the global financial services industry for over 100 years. The bank’s legacy can still be seen in Commerzbank, which is now one of the leading banks in Europe.


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