"Tall and imposing, he is regarded as one of Germany's finest investment bankers," said BusinessWeek of Hansgeorg Hofmann in 2000, when he fronted the Cobra Group's attack on Commerzbank.
Hofmann began banking in 1962 at Smith Barney in Paris before becoming chief of syndicate at Merrill Lynch and head of primary capital markets at Shearson Lehman Hutton. He also chaired IPMA's primary markets practices committee during the historic fixed price re-offer transaction led by Morgan Stanley for New Zealand in August 1989.
Hofmann joined Dresdner, and was promoted to its board in 1994. He ran investment banking and was a key player in the acquisition of Kleinwort Benson, becoming joint chairman of DrKB in 1997. He was noted for his handling of tensions between the London and Frankfurt offices. So it was a blow to DrKB when Hofmann soon quit after Der Spiegel accused him of tax irregularities. He resurfaced to lead the Cobra Group. He is now also non-executive chairman of Equinet.