History
Dresdner Kleinwort was established in July 1995 when Kleinwort Benson was acquired by Dresdner Bank. It added global reach through the acquisition of the US investment bank Wasserstein Perella in 2001 (from Bruce Wasserstein). The Frankfurt branch of the bank was instrumental in initiating trading in emissions credits in 2003.
In 2004, the Russian government hired Dresdner Kleinwort to value Yukos's Yuganskneftegaz which was later sold to Russian state oil major Rosneft.
In January 2006, the bank became the target of a US$1.4 billion class action suit by six employees alleging bias and systematic discrimination against female workers.
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Famous quotes containing the word history:
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“I saw the Arab map.
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nearing its tomb and the pitch of hell.”
—Adonis [Ali Ahmed Said] (b. 1930)