Dresdner Kleinwort was a British-based investment bank. It disappeared as a brand from the world of investment banking in September 2009, when its remaining businesses adopted the Commerzbank branding. Dresdner Kleinwort was established in July 1995 when Kleinwort Benson was acquired by Dresdner Bank. It added global reach through the acquisition of the US investment bank Wasserstein Perella in 2001 . The Frankfurt branch of the bank was instrumental in initiating trading in emissions credits in 2003. In 2004, the Russian government hired Dresdner Kleinwort to value Yukos's Yuganskneftegaz... which was later sold to Russian state oil major Rosneft. In January 2006, the bank became the target of a $1.4 billion class action suit by six employees alleging bias and systematic discrimination against female workers. In December 2008 Commerzbank, who was in the process of acquiring Dresdner Bank, decided to close its Mergers & Acquisitions Unit. Then in March 2009 it became clear that the office in Japan would close.
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