Deutsche Bank And Kleinwort Benson Group In Talks On Sale Of BHF-BANK

Deutsche Bank 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.