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 | | Kleinwort Benson: The History of Two Families in Banking by Jehanne Wake ISBN-10: 9780198282990 ISBN-10: 0-19-828299-0 ISBN-13: 9780198282990 ISBN-13: 978-0-19-828299-0 Hardcover 1997-02-27 Oxford University Press, USA Find Lowest Price |
Editorials | ||
Product Description This is the history of two business dynasties, the Kleinworts and the Bensons, whose partnership established one of the leading merchant banks of the twentieth century. Jehanne Wake tells the fascinating story of the building of a great business empire and reveals the personalities who played a part in the bank's often dramatic past. | ||
Reviews | ||
Kleinwort Benson: An Advantageous Union A veritable microcosm of financial and economic history, this book details the rise of the acceptance house of Kleinwort and the private banking house of Benson from humble beginnings in Germany and the UK and how their destinies intertwined in the 1960s after their amalgamation. As described by Wake in this highly colorful, anecdote-filled book, the metaphor of merchant banking's three-legged stool-one leg for corporate finance, one leg for private banking and investments, and one leg for wholesale banking-was a particularly compelling argument in favor of the Kleinwort-Benson merger, which eventually led to the creation of an investment banking powerhouse. "Kleinwort Benson" will enthrall those who are interested in how the formerly genteel world of merchant banking, wherein client poaching was an unforgivable transgression and bankers kept banker's hours, was transformed into the extirpative business it is today. | ||
Excellent & detailed insider's view of leading UK house Wake has taken the opportunity to provide an unparalleled insight into the development of Kleinwort & Sons and Robert Benson & Co., tracing the former from its roots as a gun-running operation in Cuba, and the latter from a Quaker family in Lancashire. Unlike many similar books, however, Wake goes beyond looking at the firms involved as her subtitle 'Two families in banking' implies. Consequently her work is packed with the stories, family anecdotes and gossip that really bring such a book to life. An excellent and very enjoyable read which I would highly recommend to anyone remotely interested in the subject. | ||