People Moves

Berenberg Founds New Team For The International Ultra Wealthy

Mark Shapland Reporter London 1 April 2014

Berenberg Founds New Team For The International Ultra Wealthy

Berenberg, a European investment and private bank, has set up a brand new three strong team in London to handle business with ‘ultra-high net worth’ customers with international and complex requirements.

Berenberg, a European investment and private bank, has set up a brand new three strong team in London to handle business with ‘ultra-high net worth’ customers with international and complex requirements.

The International Key Clients team will be led by Vanessa Skoura, a senior banker who joins from HSBC Private Bank. Previously she held roles with ABN Amro Bank and Credit Suisse in the UK.

“As our International Private Banking business continues to grow, the time is right for us to add further resource and dedicated expertise in response to the opportunities we are seeing amongst international clients,” said Dr Peter Raskin, head of Berenberg international private banking.

Berenberg has been on a hiring spree of late. In October last year it added three new analysts to its equity research team - bringing the total number of analysts at its London office to 70. Its also stated that it aims to boost its private banking arm in London so that a total of 15 staff will be employed by the end of 2014 from the current number of 10.

There are now four teams in London including, International Clients (led by Alexis Chardigny, who joined Berenberg in July from Morgan Stanley); UK clients (led by Richard Brass, who joined in 2011 from Schroders Private Banking) and Investments, Operations & Compliance (led by Fred Hervey, who joined from Barclays Wealth in 2010 and who, with Ross Elder, established Berenberg’s private banking department in London).

Berenberg, which has a total of 1,100 employees in 17 offices, has total assets under management of more than €28 billion ($38.1 billion). The bank dates its origins to 1590. It opened its London office in 2003 and launched its London-based private bank in 2011.

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