Bankers Trust New York Corp. could face a tough challenge integrating Wolfensohn & Co. into its portfolio of businesses.

The commercial bank announced the purchase of Wolfensohn Wednesday for an undisclosed sum, saying it intended to form a new merger advisory business around the well-connected investment boutique. But experts said Wolfensohn's customers would not necessarily follow the company to its new commercial banking home.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.