RHJ International SA

RHJ International SA is a financial services group based out of Brussels, Belgium. The company originally began as a private equity fund launched by Ripplewood Holdings, which was founded by Timothy C. Collins, although the company can trace the history of its holdings as far back as to 1786. The company would acquire Kleinwort Benson from Commerzbank AG for approximately 335 million pounds. The CEO of the company Leonhard Fischer would then transform the company into a focused financial services group. RHJ International would then go on to acquire KBC Asset Management Ltd in 2010, which would subsequently be renamed as Kleinwort Benson investors, and Close Offshore Group in 2011 for 24 million euros and 26 million pounds, respectively. The company would then continue its series of acquisitions and merge with BHF Bank, one of the strongest banks in Germany for 384 million euros. RHJ International would then rebrand itself as BHF Kleinwort Benson Group in 2015. BHF Kleinwort Benson Group currently offers a “comprehensive suite of wealth management services, strategic advice for entrepreneurs and access to the institutional and family office investment community.” The company operates mainly through its subsidiaries BHF Bank, Kleinwort Benson, and Kleinwort Benson Investors, among others. BHF Kleinwort Benson Group has also been making divestments in recent years in order of help focus itself into a financial services group, selling off Niles Co. Ltd, Asahi Tec and Phoenix Seagaia, among others. The company invests most heavily in the information technology and industrials sectors, each of which make up over a sixth of its total asset allocations, and also invests in the health care, finance, consumer staples, consumer discretionary, and utilities and telecommunications sectors, among others to a lesser degree, in order of decreasing allocation. BHF Kleinwort Benson Group’s top 10 holdings make up approximately a fifth of its holdings and the company has a turnover rate of 28%.