Word: concentra
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Dates: during 1960-1969
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...business," says Managing Director Erich Vierhub, 66, "and now we are harvesting the first successes." One of Vierhub's main aims is to "transform staid bank clerks into money salesmen"-a formula that works at home as well as abroad. One of the Dresdner's mutual funds, Concentra, has grown into the country's second largest (assets: $226 million). From its coequal headquarters in the cities of Frankfurt, Dusseldorf and Hamburg, the bank has opened 650 branches across West Germany, adds new ones at the rate of 70 a year. Last year the effort to woo deposits...
...more satisfactory if the requirements were tightened earlier and the late applicants, or those whose qualifications seemed questionable, were directed to come back at midyears. By allowing itself to consider for admission these candidates who have decided they wish to enter History and Lit after some experience with what concentra-actually involves, the Committee will be strengthening its own program as well as keeping the field open to those most likely to profit from...
...West Germany is today one of Europe's biggest hotbeds of mutual funds. In 1956 the Deutsche Bank, under its imaginative chief, Hermann Abs (TIME, Dec. 15), established the Investa Mutual Fund, whose holdings have soared from $58 million to $161 million. Next largest German mutual fund is Concentra, which is sponsored by Frankfurt's Dresdner Bank, has $124 million in assets and hooks customers with a clever come-on: "For $25 become a stockholder in 30 first-rank companies...