Commerzbank Sees Possible Wealth Management Acquisitions: Focus
2014-08-15 08:49:43.336 GMT
By Nicholas Comfort
Aug. 15 (Bloomberg) -- Commerzbank may buy wealth managers
should costs prompt competitors to exit mkt, Focus Online cites
unit mgmt board member Gustav Holtkemper as saying in interview.
Holtkemper also cited as saying:
* German wealth mgmt mkt to grow 4-5% annually
* Clients willing to take more risk and are moving from bonds
to stocks
* Commerzbank to consider offering private equity investment
this yr
* NOTE Aug. 11: RBS considers sale of Coutts foreign arm to
focus on U.K. NSN NA5GO66S9728<GO>
* NOTE: Credit Suisse sold German private bank to ABN Amro in
December NSN MXBWDI6JTSEH<GO>
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Nicholas Comfort in Frankfurt at +49-69-92041-213 or
ncomfort1@bloomberg.net
To contact the editor responsible for this story:
Frank Connelly at +33-1-5365-5063 or
fconnelly@bloomberg.net
2014-08-15 08:49:43.336 GMT
By Nicholas Comfort
Aug. 15 (Bloomberg) -- Commerzbank may buy wealth managers
should costs prompt competitors to exit mkt, Focus Online cites
unit mgmt board member Gustav Holtkemper as saying in interview.
Holtkemper also cited as saying:
* German wealth mgmt mkt to grow 4-5% annually
* Clients willing to take more risk and are moving from bonds
to stocks
* Commerzbank to consider offering private equity investment
this yr
* NOTE Aug. 11: RBS considers sale of Coutts foreign arm to
focus on U.K. NSN NA5GO66S9728<GO>
* NOTE: Credit Suisse sold German private bank to ABN Amro in
December NSN MXBWDI6JTSEH<GO>
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Nicholas Comfort in Frankfurt at +49-69-92041-213 or
ncomfort1@bloomberg.net
To contact the editor responsible for this story:
Frank Connelly at +33-1-5365-5063 or
fconnelly@bloomberg.net