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Dresdner Bank - Commerzbank International SA

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<strong>Dresdner</strong> <strong>Bank</strong> Luxembourg S.A. Annual Report 2008<br />

38<br />

Expansion in the Netherlands –<br />

Expansion of <strong>Dresdner</strong> VPV N.V.<br />

As Regional Head, <strong>Dresdner</strong> <strong>Bank</strong> Luxembourg is responsible for<br />

the development of <strong>Dresdner</strong> <strong>Bank</strong>’s Private Wealth Management in<br />

the Benelux region. Back in 1999, the bank had already acquired the<br />

Dutch asset manager, Veer Palthe Voûte N.V. (VPV). After receiving<br />

its banking licence in July 2000, the VPV business could undergo<br />

continuous expansion. In addition to its headquarters in Gouda, the<br />

subsidiary, which has now been renamed as <strong>Dresdner</strong> <strong>Bank</strong> VPV N.V.,<br />

has further branches in Amsterdam, Arnhem and Den Bosch.<br />

In September 2008, the presence of <strong>Dresdner</strong> VPV N.V. was expanded<br />

with the purchase of two asset managers in the Netherlands.<br />

It acquired all of the shares in the companies, Franke & Partners<br />

Pensioenadvies en Vermogensbeheer B.V. in Maastricht (Franke &<br />

Partners) and De Vries & Co. B.V., Blaricum.<br />

Both companies specialise in looking after wealthy private<br />

customers. They are an ideal complement to the existing<br />

<strong>Dresdner</strong> VPV locations. Together with their employees,<br />

they manage customer assets amounting to approximately<br />

€ 250 million today. <strong>Dresdner</strong> VPV N.V. had<br />

around 2,600 customers at the year-end and managed<br />

assets of € 1.1 billion (as of 31 December 2008).<br />

Gouda<br />

DRESDNER VPV<br />

PRIVATE WEALTH MANAGEMENT<br />

Amsterdam<br />

Utrecht<br />

Den Bosch

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