(Vienna/Cologne) The bank, Sal. Oppenheim. jr. & Cie., Europe’s largest independent private banking group, became a member of Wiener Börse AG on Tuesday, 1 November 2005. The bank started direct electronic trading immediately and now offers its customers the complete clearing and settlement of trades through Xetra Vienna.
"Sal. Oppenheim’s link to Xetra Vienna illustrates once again our commitment to the Austrian market. Membership in yet another major Central European stock exchange that boasts one of the most modern and powerful trading systems is a great step forward to becoming one of the leading investment banks in the German-speaking region," said Dieter Pfundt, personally liable partner responsible for investment banking at Sal. Oppenheim. This move enables us to serve our clients – especially institutional clients – much better by offering all-in-one services. Furthermore, membership in Wiener Börse highlights the Cologne-based private bank’s consistently pursued strategy of expanding international business."
"We are pleased to have gained the leading investment bank, Sal. Oppenheim, as a new trading member of Wiener Börse. Sal. Oppenheim is a very important partner and will help us establish the Austrian capital market even more strongly in Germany," said Stefan Zapotocky, Member of the Management Board of Wiener Börse AG. Interest in the Austrian capital market does exist: This is why eleven renowned Austrian companies such as Erste Bank and voestalpine are going on a roadshow to Frankfurt this coming Monday, 7th of November to present themselves to 30 German institutional investors.
The investment bank Sal. Oppenheim, based in Cologne, is the largest independent private bank in Europe and is one of the leading institutions for capital market transactions in the German-speaking region. The principal business of Sal. Oppenheim is asset management and investment banking. Together with the BHF-Bank acquired at the beginning of the year, Sal. Oppenheim employs some 3,000 persons in Germany and Europe.