Founded in 1922, Bank Gutmann AG, a private bank based in Vienna, Schwarzenbergplatz, specializes in asset management and is the market leader in Austria. The private bank is 80 percent owned by the Kahane family and 20 percent by executive and non-executive partners. Gutmann currently manages client assets of €20.5 billion. Clients include domestic and foreign entrepreneurs as well as entrepreneurial families, foundations, wealthy private clients and institutional investors.