Private Banking at BHF-BANK

Private Banking at BHF-BANK

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PRIVATE BANKING AT BHF-BANK 1 BHF-BANK is Germany s second-largest private bank. Deeply entrenched in its culture and wealth of tradition, BHF-BANK provides holistic advisory services based on a strictly impartial approach and covers the entire range of private banking services. It com bines the strengths of a private bank with a long track record of capital market com petence. In a history that stretches back more than 150 years, we have estab - lished ourselves as a leading banking partner for successful owners of family-run enterprises. Our bank s activities are grouped within the divisions Private Banking & Asset Management and Financial Markets & Corporates. We foster particularly close relationships with our clients after all, banking, as we see it, is face-to-face business, and knowing and trusting each other is essential. This is why our client relationships often extend across many generations. As part of an interdisciplinary approach, our highly qualified advisors interact closely with experts from other areas of the bank to develop tailor-made concepts, unhindered by hierarchical structures.

PRIVATE BANKING AT BHF-BANK 3 Private since 1854 BHF-BANK was created through the merger of its two predecessor institutes, Frankfurter Bank and Berliner Handels-Gesellschaft. Frankfurter Bank, managed by Peter Carl Grunelius and Meyer Carl von Rothschild, was founded in 1854 as the central bank of the private banks in Frankfurt am Main. It soon became one of the premier banks in southern Germany and the most important issuing bank south of the river Main. In 1856, renowned private bankers in Berlin, including Gerson Bleichröder and Paul Her - mann Mendelssohn-Bartholdy, established Berliner Handels-Gesellschaft a state-of-theart investment bank that quickly succeeded in playing an important role in the financing of major railway construction projects. Carl Fürstenberg, one of the most widely known bankers of his time, took over the helm in 1883. Carl Fürstenberg one of the most excellent private bankers of his time Carl Fürstenberg steered Berliner Handels-Gesellschaft for almost half a century, shaping it into one of the leading advisory and financing houses for privately held companies. For many decades, Fürstenberg enjoyed close relations with Emil Rathenau, the founder of AEG. Berliner Handels-Gesellschaft was AEG s banking partner in its rise to become one of Europe s foremost electrical engineering groups. Numerous other outstanding industrialists, including August Thyssen, Hugo Stinnes and Alfred Krupp, trusted Fürsten - berg s advice. Berliner Handels-Gesellschaft was one of the leading financing houses in the decades between 1880 and 1914 a period that saw a massive expansion in the German iron and steel, mining and electrical engineering industries and many other industrial sectors. Besides industrial business, Fürstenberg built up the bank s asset management activities for private individuals and governmental bodies. For entrepreneurs, he opened a city office set in the exquisite location of Berlin s Gendarmenmarkt that was dedicated to providing exclusive holistic banking services making it a very early precursor of today s family office. Fürstenberg was very quick to see the potential offered by the expansion of Berlin and therefore became a key player in the city s development. He took an active role in building Berlin s prestigious Kurfürstendamm boulevard, initiated the Wannsee project

4 PRIVATE BANKING AT BHF-BANK to expand the city and, under his leadership, Berliner Handels-Gesellschaft developed Grunewald, an exclusive residential area. The bank s fortunes in the early 20 th century were shaped by Fürstenberg and Walter Rathenau, the ingenious son of the founder of AEG. Rathenau, who led the bank for six years, later became foreign minister of the Weimar Republic and was assassinated in 1922. Continuity and change in the 20 th century At the turn of the 20 th century, Frankfurter Bank underwent a transformation from an issuing bank to an asset management institution. Following the Second World War, it focused on providing financing for major privately held and family-run companies and played an important role in funding Germany s economic miracle. After 1945, Berliner Handels-Gesellschaft continued its business activities from Frankfurt am Main, and regained its leading position as a bank for industrial clients and entrepreneurial families. Building on this wealth of tradition, BHF-BANK has been one of the most prestigious German banks since its foundation in 1970. It soon sharpened its profile on the market, its hallmark being highly qualified advisory services. By acquiring local private banks and opening branch offices, BHF-BANK expanded its presence in the marketplace. It has since been represented in all the economic centres of Germany as well as in many offshore locations worldwide.

PRIVATE BANKING AT BHF-BANK 7 Our values Trust At BHF-BANK, mutual trust is the very cornerstone of our client relationships. For us, this means advising our clients impartially and with the utmost discretion. This is why our bank enjoys particularly trusting relationships with many of its clients often across several generations. Personal relationships We see ourselves as a partner for our select clients and value the personal relationships we have with them. We therefore concentrate on catering for owners of family-run businesses as well as high net worth and ultra high net worth individuals. Our advisors can thus devote their undivided attention to each and every client, catering for his needs in line with his family circumstances, wealth situation and financial targets. Members of the bank s Board of Managing Directors and senior executives are also personally involved in advising our clients. Customised solutions Our clients expect more than standard solutions. This is why the investment structures we propose are tailored to their particular situation. Our bank has always concentrated on designing and developing individualised advisory services and products. We made portfolio structure advisory an established service in Germany and are experts at developing customised solutions to meet whatever requirements our clients may have. Independence We offer impartial investment recommendations, focusing solely on our clients requirements and the market conditions. Our commitment to providing independent advisory is strictly adhered to: the bank s own products make up an extremely small propor tion of our portfolio management solutions. Clients can even choose to exclude BHF-BANK products entirely. Quality The quality of our services is shown not only by the satisfaction of our clients objective assessments by independent institutes also confirm the high standards offered by BHF-BANK. For us, quality starts with ensuring that our highly qualified professionals have the latest expertise at their fingertips, and stands for the entire spectrum of services we offer, such as capital market analysis, portfolio structuring and product structure and design. We uphold our exacting quality standards by drawing on the expertise of renowned universities, international analysts and consulting firms.

Private Banking at BHF-BANK

Locations in Germany: > Frankfurt > Baden-Baden > Berlin > Cologne > Düsseldorf > Essen > Hamburg > Hanover > Mainz > Munich > Münster > Nuremberg > Stuttgart International locations: > Zurich > Geneva > Luxembourg > Abu Dhabi

PRIVATE BANKING AT BHF-BANK 11 Individual solutions tailored to your needs Creating structures portfolio structure advisory and asset allocation Substantial portfolios usually grow over many years and are closely linked to the client s professional career. Investments are made over time, depending on the client s indi vidual situation and his stage of life. While the client at first often focuses on establishing and expanding his company, he later concentrates on safeguarding his assets and finally on transferring his wealth. To meet the complex requirements when it comes to building up, safeguarding and transferring wealth, the first step in our business relationship is to conduct a thorough analysis of your personal and financial situation, your targets and the current structure of your portfolio. We were the first bank in Germany to offer our clients professional portfolio structure advisory services, which comprise an in-depth analysis of the client s wealth situation from an economic, legal and tax perspective. For decades now, owners of family-run enterprises have entrusted BHF-BANK experts with the structuring of their very substantial portfolios. We draw up strategies for selling companies as well as succession and tax arrangements, and develop concepts aimed at transferring the investor s place of residence and structuring his wealth on an international scale. When it comes to the future allocation of the client s assets, our specialists screen the entire investment universe besides traditional investments in equities and bonds, we also take account of a broad variety of alternative investments such as precious metals, commodities, real estate and private equity, as well as structured products. Once the general investment guidelines have been agreed upon, we put forward an asset allocation strategy that is tailored to your individual requirements. This strategy is based on our analysis of your particular situation and our scientific examinations of the performance of every single asset class. We review the allocation of the assets at regular intervals in order to take account of any changes in your personal situation and plans. This ongoing monitoring also enables us to respond quickly to changes in the legal and tax environment, and to new prospects for the performance of the investments.

12 PRIVATE BANKING AT BHF-BANK Managing assets with a wealth of success BHF TRUST While dynamic financial markets offer considerable opportunities, ensuring that your investments in equities, bonds and other securities are successful in the long run is a more challenging task. The success of your investments depends largely on making the right choices. Whether you require securities advice only or would prefer to entrust us with the management of your portfolio, we give you as much support as you require in your daily investment decisions. In our securities advisory service, you can draw on the regular recommendations put forward by your Private Banking advisor; the investment decisions, however, are taken by you alone. You thus benefit from your advisor s wealth of information, supported by BHF-BANK s team of analysts. Our experts evaluate economic data, and monitor all the key financial markets and the performance of sectors and particularly interesting companies. In their day-to-day work, they have access to the best research worldwide. Furthermore, these specialists are available to answer any specific questions you may have. Your advisor weighs up the investment options and makes a recommendation. He then puts your decision into practice. If you do not or no longer wish to constantly follow the trends on the international finan - cial markets, you can delegate the decision-making process to the experienced portfolio managers of BHF TRUST. You can issue a portfolio management mandate that takes account of your individual risk profile. Your portfolio is then structured in accordance with your requirements. BHF TRUST selects securities on the basis of a long-term investment policy and regularly achieves excellent results for its clients. The high rankings we have received for many years in market studies conducted by independent ranking institutes confirm that our portfolio management consistently posts an above-average performance. Laying foundations, building wealth BHF IMMOBILIEN Real estate is traditionally an integral part of any substantial portfolio. In the past, secur - ity and tax aspects, as well as an emotional affinity with particular houses and cities, always played a key role in the selection of real estate. Nowadays, real estate needs to be regarded as a separate asset class within your overall portfolio. The challenge lies in identifying growth markets and first-class locations that combine a high degree of stability with a potential increase in value. When it comes to analysing and allocating your real estate investments, you can rely on our specialists, who have a long and successful track record in structuring substantial

13 real estate portfolios. Our investment strategies concentrate on maximising the long-term stability and security of your real estate portfolio. Based on our experience with major real estate investments, we offer customised investments across the entire real estate spectrum, ranging from individual funds de - signed as private placements through to project development in Germany, Europe and North America as well as in growth markets such as India and the Gulf region. As far as investments in foreign countries are concerned, we use the local expertise of our partners to complement our own skills. In North America, for instance, we draw on the success of Real Estate Capital Partners, a company we have made extensive investments with over many years, and which is partly owned by BHF-BANK and some of Germany s most important family entrepreneurs. Investment alternatives BHF PRIVATE EQUITY Alongside traditional investment vehicles like equities and bonds, alternative investments such as private equity and mezzanine capital are now increasingly important factors in strategic asset planning. Due to their low correlation with trends on the international capital markets, alternative investments can play a key role in balancing your portfolio over the long term. This is also confirmed by the scientific studies we conducted together with the Center of Private Equity Research (CEPRES), a research unit of Johann Wolfgang Goethe University in Frankfurt am Main. This asset class used to be almost exclusively reserved for long-term investors such as pension funds, foundations and insurance companies until we opened up the world of alternative investments for private investors a few years ago. We were the first bank in Germany to make mezzanine capital investments available to private clients. Investment programmes are selected for our clients on the basis of analyses carried out by CEPRES and a strict selection process. In other words, only programmes that meet our exacting standards in terms of the experience, qualifications and stability of the management and investment performance are considered. In addition, you benefit from our relations with many outstanding investment companies that only invite their longstanding business partners to participate in their investment programmes. With our exclusive access to these top-of-the-range products, we regularly post above-average results for our clients.

14 PRIVATE BANKING AT BHF-BANK Preserving your life s work inheritance, succession and foundation advisory You have achieved success, built up wealth and created value over the years, often across several generations. If you wish to preserve your assets and pass them on in a safe and orderly fashion, it is important to consider the various options available for transferring your wealth in good time. To ensure that your assets are protected over the long term, personal, economic, tax and legal criteria are taken into account. Particularly when it comes to finding business succession solutions, many different options need to be considered as they can have a major impact on the future development of the company, the family members involved and, last but not least, the assets themselves. With our successful track record in catering for the needs of wealthy clients over many gener ations, we can present solutions that will preserve and safeguard your life s work. Our experts have comprehensive specialist skills in designing transfer models for private and corporate assets. If you wish to provide a constant source of funding for ideas and aims that you hold dear and give your life s work a name that will be remembered for years to come, you can transfer your assets to a foundation. We will help you to establish the foundation, deal with its day-to-day management and support you in the administration of the foundation assets. Independent market surveys have confirmed that we are one of the elite foundation experts, with the particular quality of our advisory services making us one of the leading institutes in this segment. An entrepreneurial approach to managing private wealth global family office Managing a very substantial portfolio can be as extensive and complex a task as steering a medium-sized enterprise. In both cases, targets can only be reached and unnecessary risks avoided if appropriate organisational structures and efficient management instruments are in place. As your one-stop partner, our global family office helps you to carry out this management task, offering you a comprehensive range of service modules that are accurately tailored to meet these requirements. We support you in all key aspects of structuring your portfolio, planning your liquidity requirements and managing your entire wealth. In close consultation with you, we define the investment guidelines for the relevant asset classes and provide advice on selecting the most suitable asset managers. We then see to it that the investments are duly implemented and monitor the adher - ence to formal guidelines and performance targets on an ongoing basis. What is more, we perform all the administrative tasks required as part of the investment process, deal with the entire book-keeping and documentation, and prepare tax documents on your behalf. Our regular reports give you a concise and transparent overview of the value and performance of your wealth in the individual asset classes. Our global family office activities are performed by family office companies in Luxembourg, Zurich and Frankfurt, whose independent legal status ensures the neutrality of the services offered.

16 PRIVATE BANKING AT BHF-BANK How to find us Locations in Germany Private Banking Head Office Bockenheimer Landstrasse 10 60323 Frankfurt am Main Postal address 60302 Frankfurt am Main Tel. +49 69 718-4004 Fax +49 69 718-4008 E-mail: private-banking@bhf-bank.com Internet: www.bhf-bank.com Baden-Baden Branch Ludwig-Wilhelm-Strasse 15 76530 Baden-Baden Tel. +49 7221 70165-0 Fax +49 7221 70165-15 Berlin Branch Französische Strasse 9 12 10117 Berlin Tel. +49 30 20959-0 Fax +49 30 20959-287 Cologne Branch Konrad-Adenauer-Ufer 11 50668 Köln Tel. +49 221 510919-0 Fax +49 221 510919-16 Düsseldorf Branch Benrather Strasse 18 20 40213 Düsseldorf Tel. +49 211 3663-0 Fax +49 211 3663-257 Essen Office Rüttenscheider Strasse 199 45131 Essen Tel. +49 201 49060-0 Fax +49 201 49060-300 Hamburg Branch Am Rathausmarkt/ Mönckebergstrasse 31 20095 Hamburg Tel. +49 40 32009-0 Fax +49 40 32009-200 Hanover Branch Georgsplatz 9 30159 Hannover Tel. +49 511 3046-0 Fax +49 511 3046-219 Mainz Branch Ludwigsstrasse 1 55116 Mainz Tel. +49 6131 142-0 Fax +49 6131 142-227 Munich Branch Prannerstrasse 11 80333 München Tel. +49 89 55173-0 Fax +49 89 55173-250 Münster Branch Annette-Allee 4 48149 Münster Tel. +49 251 596855-0 Fax +49 251 596855-15 Nuremberg Branch Hauptmarkt 1 90403 Nürnberg Tel. +49 911 66943-0 Fax +49 911 66943-12 Stuttgart Branch Kleiner Schlossplatz 13 70173 Stuttgart Tel. +49 711 22792-0 Fax +49 711 22792-418 International locations BHF-BANK (Switzerland) Ltd. Schulhausstrasse 6 8002 Zürich Switzerland Tel. +41 44 2097511 Fax +41 44 2025606 Internet: www.bhf-bank.ch Geneva Branch BHF-BANK (Switzerland) Ltd. 10 Cours de Rive 1204 Genève Switzerland Tel. +41 22 5964690 Fax +41 22 5964699 BHF-BANK International S. A. 534, rue de Neudorf 2220 Luxembourg Luxembourg Tel. +352 457676-1 Fax +352 458320 Representative Office Abu Dhabi BHF-BANK Aktiengesellschaft Royal Marina Villa 99 P. O. Box 54826 Abu Dhabi United Arab Emirates Tel. +971 2 6811813 Fax +971 2 6811613

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