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The Warsaw Voice » Business » May 7, 2008
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Oppenheim Comes to Warsaw
May 7, 2008 By A.R.    
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Sal. Oppenheim, one of the largest privately-owned banks in Europe, headquartered in Cologne, Germany, opened a representative office in Warsaw in late April. The bank will primarily offer investment consulting and asset management services to both private clients and institutional investors here.

In investment banking, Sal. Oppenheim focuses on mergers and acquisitions, initial public offerings and other transactions on the capital market involving strategic, financial and stock-related aspects. Apart from its investment fund portfolio, Sal. Oppenheim issues derivatives, warrants and certificates for individual investors. The bank plans to provide active advisory and trust services to both Polish and foreign investors as well as offering investment funds, structured products and investment banking products.

All of Sal. Oppenheim's operations in Central and Eastern Europe are coordinated by its Vienna subsidiary, Bank Sal. Oppenheim jr. & Cie. (Austria) AG. Previously, Sal. Oppenheim opened a representative office in the Czech Republic in 2005.

"The rapidly developing Polish market is exhibiting substantial growth when it comes to demand for top-quality consulting, private banking and investment banking services," said Bernhard Ramsauer, chairman of the board at Sal. Oppenheim jr. & Cie. Austria. "Extensive specialist knowledge covering a broad spectrum of assets, such as securities, real estate and alternative investments, combined with in-depth analyses prepared by 46 analysts, enable us to meet our clients' specific and diverse requirements."

Sal. Oppenheim has remained in the hands of the Oppenheim family ever since it was founded in 1789. Today, together with BHF-Bank, which it acquired in early 2005, Sal. Oppenheim manages more than 150 billion euros worth of assets and employs a staff of 3,800 in Germany and other European countries.
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