Kleinwort Benson Group is a step closer to the
purchase of BHF Bank, as the RHJ International owned private bank
has secured the support of co-investors to finance the

Kleinwort Benson said it has entered into an
informal review process with the German Federal Financial
Supervisory Authority (BaFin).

The venture partner’s name has not been


Long-running sale

BHF’s current owner, Deutsche Bank, has been
on the look-out for a potential buyer since acquiring BHF through
the purchase of Sal. Oppenheim Group in 2010.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

In 2011, Deutsche Bank entered talks with
Liechtenstein’s LGT Group but a reported €250m ($314m) difference
between offer and demand (€350m vs €600m) is understood to have
blown the deal.


Kleinwort Benson Group

BHF acquisition falls within Kleinwort Benson
Group Europe expansion strategy.

In 2011 the London-based private bank bought
Close Brothers Offshore Group for $35m.

Thanks to this purchase, Kleinwort Benson’s
assets under management in 2011 reached €6.1bn, a 14% rise from

Kleinwort Benson’s operating income went up
19% in 2011 to €95.5m, although the private bank recorded a net
loss of €23.2m in the same period.