Kleinwort, Benson: The History of Two Families in Banking
Kleinwort Benson is one of the most distinguished international investment banks in the City of London, becoming part of the Dresdner Bank Group in 1995. This is the story of how two families, the Kleinworts and the Bensons, emerged from medieval beginnings in Holstein and the Lake Districtto seek their fortunes in Hamburg, Cuba, and Liverpool, before arriving in the 1850s in London. There they founded two very different merchant banks, which merged in 1967 to create Kleinwort Benson Lonsdale, later Kleinwort Benson. The Kleinwort Benson story mirrors both the spectacular growthof English capital and its often turbulent side-effects. It shows how the two families survived the collapse of the Benson bank in 1875, the freezing of Kleinwort assets and business by the European financial crisis of 1931, and two World Wars, and how they established their banks as powerful Cityplayers in the postwar period. Their story is as much a human drama as a financial history. Brimming with generations of Kleinworts, Bensons, and the families with whom they married and formed partnerships, the book evokes their feuds and friendships, their successes and failures, set against thebackground of more than two hundred years of social and business history. This is the first full history of Kleinwort Benson. It contributes to our understanding of the way in which business is carried out in the City of London, and provides fascinating insights into the lives of those concerned.Jehanne Wake was given unrestricted access to the bank's archives and staff and has drawn upon a wealth of original sources to furnish this lively and readable history of the members of two banking dynasties and their boardroom successors.
What people are saying - Write a review
We haven't found any reviews in the usual places.
The Expansion of Kleinworts
The Rebuilding of Bensons
Reversal and Recovery
Heirs of the Establishment
Kleinworts and the Urge to Merge
Bensons and a Complementary Union
A Modem Merchant Bank 19611971
accepting house Alexander Friedrich American Andreae Bank of England bank's bankers Barings became bills Bobby Henderson Britain British brokers brother capital cent chairman City clients Constantine continued corporate finance cotton David deal debts DHB MSS directors Drake Ernest and Cyril Evey father firm firm's foreign exchange friends George Goldman Sachs Hambros Hamburg Hinrich Holford increased industry interest Ints Investment Trust issue Ivo Forde joined KB Group KB's Kleinwort Benson later Liverpool London Lord Mark Turner Martin Mayorga ment merchant banks merger Michael Hawkes Morgan Grenfell never ofhis operation partnership Phil Macpherson position profits Quaker railway remained Robert Benson Robert Benson Lonsdale Robert jnr Robin Benson Schroders securities senior partner shareholders shares ship sons staff successful tion took trade Uncle William Rathbone William Rathbone IV wrote York young