Commerzbank sells Kleinwort Benson to RHJI

RHJ International, which describes itself as a diversified investment holding company, will allow the Channel Island-based wealth manager to retain its branding and management. It also intends to adopt Kleinwort Benson as the overarching brand for all its financial services businesses. Kleinwort Benson CEO Robert Taylor said his management team had submitted an unsuccessful bid for the firm, but he was confident the new owners shared the same agenda. "It is important to both teams that we don't put our customers through any disruption," he says. "RHJI wants to re-build and hold thi...