May 1997
Hofmann the go-between
Dresdner Bank's roving diplomat Hansgeorg Hofmann struggled for 18 months to keep Kleinwort Benson intact after its takeover by Dresdner. But rival board members in Frankfurt were forcing a tortuous management structure on fledgling investment bank Dresdner Kleinwort Benson. That led Kleinwort's long-standing chairman Simon Robertson to quit in February. Now the gloves are off, and Dresdner's board, including Hofmann, have turned authoritarian. Expect some bloodshed. By Laura Covill.
| The investment banking committee (as of mid-April 1997) |
| Global Markets |
Global Finance |
Equities |
Corporate Finance |
*†Gerhard Eberstadt
*Gerd Häusler
Leonhard Fischer
Erich Pohl |
*Bernhard Walter
John Cameron
Bernd Fahrholz |
†*Hansgeorg Hofmann
Alan Yarrow |
†*Hansgeorg Hofmann
Tim Shacklock |
| Americas |
Asia |
UK |
*Ernst-Moritz Lipp
Georg Fugelsang |
Rolf Willi |
†David Clementi
Simon Ball |
| KEY |
| Global Markets |
Fixed income trading and sales: debt capital markets; forex and precious metals; derivatives; markets risk management |
| Global Finance |
Syndicated loans, product finance, structured finance |
| Equities |
Sales, trading and research |
| Corporate Finance |
Equity capital markets, M&A, financial advisory |
|
* |
Dresdner Bank board members |
| † |
Directors of Kleinwort Benson |
In February, Hansgeorg Hofmann, Dresdner Bank's most senior diplomat, ran out of patience. The tall, go-getting investment banker, who won his spurs at Merrill Lynch and Shearson Lehman in the 1980s, wasn't his normal, jovial self.
He called Dresdner supervisory board chairman Wolfgang Röller. The...
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