Bethmann Bank to extend services to EAMs
Frankfurt-based Bethmann Bank has announced that it will extend its existing range of services to external asset managers (EAMs).
Bethmann Bank is set to acquire Credit Suisse’s private banking activities in Germany during the course of this year and is now planning to provide its EAM activities independently form the private banking business.
“The planned merger offers a unique opportunity to further extend our services to external asset managers and to position ourselves as leading provider of these services in Germany” says Michael Arends (pictured), member of the board of Bethmann Bank.
Bethmann Bank is the German presence of Dutch private banking group ABN AMRO. It is set to acquire Credit Suisse’s private banking activities during the course of this year, subject to the closure of contractual conditions.