By Alexandra Capik
Chief financial officer of Kleinwort Benson, Martha Boeckenfeld, has been named CEO, replacing Sally Tennant who will now shift roles from chief executive officer to senior adviser at the bank. The replacement is to take effect immediately.
Boeckenfeld, formerly with Winterthur Group, is to assume the title of CEO in addition to her existing title of CFO. She will be responsible for supervising the integration of Kleinwort Benson’s recent acquisition of BHF-Bank, said the bank.
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The acquisition took place earlier this year with BHF bank, a German wealth manager which it snapped up from Deutsche Bank for 384m (£318.6m).
Tennant took the helm at Kleinwort Benson for over three years, starting in late 2010, a year after the bank was bought from Commerzbank by RHJ International.
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