Asset Management and Investment Banking

Sal. Oppenheim’s asset management division fuses both private banking and institutional asset Management. This integrated approach enables the Bank to fulfil the challenges of a globalised capital market with tailor-made investment products, and at the same time meet the high demands of private and institutional clients. The expectations of these clients remain unchanged: sustainable capital appreciation and controlled risk.

The ongoing difficulties on the capital market meant that investors remained risk-shy in 2004. The initial optimism shown in equity trading waned in the spring as oil prices continued to climb. The markets only returned to a notable upward trend after the US presidential elections in November. Bond trading did not experience the yield hike touted by many market participants, with capital market rates even pushing towards a record low in the European Monetary Union. The foreign currency markets saw the US dollar continue to weaken against the euro, spurring massive exchange losses in US securities investments.

Investment Banking is Sal. Oppenheim’s second strategic core business division after Asset Management. With its broad range of client relationships and a comprehensive product offering, the Bank ranks among Germany’s leading investment banks.