January 09, 2001
Article

Dresdner Completes Wasserstein Transaction

SUMMARY: No summary available
DONE DEAL: Dresdner Bank announced that it has completed the
acquisition of Wasserstein Perella Group, a deal that was
first announced in Sept 2000. The combined investment banking
and securities operation will now be called Dresdner Kleinwort
Wasserstein. (OK, you try typing that three times really
fast!) When asked if the firm will be making a stronger foray
into online services, Dresdner spokesman Jon Hartzell
explained that Dresdner will continue to develop its
institutional research and trading product, Online Markets.
The acquisition of Wasserstein will not affect Dresdner’s
Internet initiatives, yet “it is a great transaction in other
ways,” explains Hartzell.


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