Berenberg Bank has opened its second US
office, setting up an operation centre in New York City to expand
its business in North America.
The German-based bank opened its first office
in the US in Boston last year.
“This step represents a further expansion of
our stock research service for US institutional investors,” said
Hendrik Riehmer, Berenberg Bank general partner.
The US operation has been launched with a nine
people sales team and it will increase headcount.
Entering UK and US
In 2011 Berenberg, Germany’s oldest bank with
a history tracing back to 1590, started its international expansion
In January that year the bank launched its
London-based private banking operations.
Berenberg currently has €26bn ($33bn) assets
under management in 19 offices worldwide.