Bankhaus Lampe, a private bank based in Bielefeld, Germany, has unveiled plans to enter the US market.
The bank revealed its US ambitions during its annual press briefing last week.
The bank has been working to establish its presence in New York, by way of a “chaperone agreement”, since 2013. It says it will be looking to offering advice there to institutional investors.
In a statement on its website, the bank noted that its US subsidiary will be known as Lampe Capital North America LLC.
The launch of the new office is subject to approval by the US Financial Industry Regulatory Authority.
Stephan Schüller, a general partner of Bankhaus Lampe, said the bank’s move into the US market comes at a time of “a lot of interest in the German Mittelstand, and investing in German businesses”.
Bankhaus Lampe, he added, “offers competence in equity investing, particularly when it comes to investing in German small and mid caps, and is therefore a popular point of reference among US investors”.