Germany’s Berenberg expands London presence
German investment specialists and private bank Berenberg has bucked the perceived trend of EU firms exiting the City following the Brexit vote, with the addition of 11 senior hires to its London-based team.
Of the 11 new recruits in the London office; Berenberg announced in a statement that it has added 4 hires in equity research, 5 in sales and 2 in the sales trading team. It has added equity research analyst, Alexander Haissl, who joins from Credit Suisse, along with colleague Fei Teng. Both specialise in the autos sector.
Other appointments in the research team include Nicolas Didio, who has over 15 years of experience in the TMT sector and moves across from Millicom, and home and personal care specialist Rosie Edwards who worked previously at Goldman Sachs.
Berenberg has also made senior appointments in both the sales and sales trading teams. Jojo Sanders arrives from Bank of America Merrill Lynch where she spent over ten years. She will be joined by Mark Sheridan and Rebecca Langley, both from Nomura, James Williamson, formerly of Morgan Stanley and Richard Harb from Jefferies.
In the sales trading team, Matthew Regan, joins as senior sales trader with over 20 years’ experience from Bank of America Merrill Lynch, while Michael Schumacher comes in from Goldman Sachs.
David Mortlock, global head of equities and head of the London office, said the firm’s commitment to expansion and service remained “undimmed” despite “tougher current conditions” across the European investment banking industry,
Established in 1590, Berenberg is one of the fastest-growing, privately-owned banks in Europe. The Hamburg-based bank has a large presence in London, Zurich, Frankfurt and New York with 19 offices in Europe, America and Asia with more than 1,250 staff.
Berenberg opened its London office in 2003 and its European equity and economic research team is now based there with over 80 analysts covering approximately 25 sectors. In 2011 it also added private banking and asset management operations to its growing London base.