Dresdner Bank Reorganizes U.S. Unit, Buys Full Control of Its Trader, ABD Securities

By Kraus, James R. | American Banker, February 17, 1994 | Go to article overview

Dresdner Bank Reorganizes U.S. Unit, Buys Full Control of Its Trader, ABD Securities


Kraus, James R., American Banker


Dresdner Bank, Germany's second-biggest bank, has acquired full control of its U.S. securities unit and consolidated management of its U.S. commercial and investment banking operations under a single head.

As part of the reorganization, Dresdner has acquired Bayerische Hypotheken und Wechsel Bank's 25% stake in ABD Securities Inc., the two banks' jointly owned investment banking unit.

ABD has been renamed Dresdner Securities USA, while a separate unit of ABD, ABD N.Y., will continues operating under the same name as a floor trader on U.S. exchanges.

$1.5 Billion Here

Frankfurt-based Dresdner has around $200 billion in assets, including some $1.5 billion in the United States.

The commercial bank operates through branches in New York and Chicago, and has an agency in Los Angeles, while Dresdner Securities has five seats on the New York Stock Exchange and seats on regional stock exchanges in Boston and Chicago.

Both the investment banking unit and Dresdner's commercial banking operations in the United States will be headed by George N. Fugelsang, a former managing director of Morgan Stanley in London, who took over at the beginning of February.

Mr. Fugelsang, an American who started his career with Citi-corp, will assume responsibilities currently held by Winfried H. Spaeh, senior general manager of Dresdner bank in the United States since 1982.

Mr. Spaeh is due to retire later this year.

Theodor Schmidt-Scheuber, head of ABD Securities since it was established in 1968, will become chief executive of ABD N. …

The rest of this article is only available to active members of Questia

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Buy instant access to cite pages or passages in MLA 8, MLA 7, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

(Einhorn 25)

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Note: primary sources have slightly different requirements for citation. Please see these guidelines for more information.

Cited article

Dresdner Bank Reorganizes U.S. Unit, Buys Full Control of Its Trader, ABD Securities
Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Help
Full screen
Items saved from this article
  • Highlights & Notes
  • Citations
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

matching results for page

    Questia reader help

    How to highlight and cite specific passages

    1. Click or tap the first word you want to select.
    2. Click or tap the last word you want to select, and you’ll see everything in between get selected.
    3. You’ll then get a menu of options like creating a highlight or a citation from that passage of text.

    OK, got it!

    Cited passage

    Style
    Citations are available only to our active members.
    Buy instant access to cite pages or passages in MLA 8, MLA 7, APA and Chicago citation styles.

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

    1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

    Cited passage

    Thanks for trying Questia!

    Please continue trying out our research tools, but please note, full functionality is available only to our active members.

    Your work will be lost once you leave this Web page.

    Buy instant access to save your work.

    Already a member? Log in now.

    Search by... Author
    Show... All Results Primary Sources Peer-reviewed

    Oops!

    An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.