In future, the industry holdings will be managed in a newly formed, independent holding structure that is not affiliated to the bank. Financing will be assumed in full by the family shareholders and take place independently of the €200 million (about $255million) capital increase for Sal. Oppenheim that was effected last year.

The industry holding and banking activities will have the same shareholder structure. Matthias, Count von Krockow, spokesman for Sal Oppenheim’s personally liable partners, said: “By taking this step, the owners will enable the Sal Oppenheim group to return to its banking roots and focus its attention on the integrated asset management and investment banking business model.”