Awards: Berenberg defends its leading position in Germany's private banking market
- Maximum points in the Elite Report (Handelsblatt) for the fifth time
- Financial Times magazines name Berenberg the “Best Private Bank in Germany” again
Hamburg. The private bank Berenberg has been awarded two significant awards within the space of three weeks.
On 30 October, Berenberg was named “Best Private Bank in Germany” at the Global Private Banking Awards in Geneva, which are hosted by the trade magazines The Banker and Professional Wealth Management, both of which belong to the Financial Times group. Berenberg is therefore one of just two banks in the world that have succeeded in earning a commendation four times in a row.
And yesterday evening in Munich, Germany's oldest private bank was once again awarded the winner’s certificate in the “Die Elite der Vermögensverwalter” report on the asset management elite. For the fifth consecutive year, the Bank was ranked equal first with three of its competitors. And for the tenth time, Berenberg was awarded the rating “summa cum laude”.
Editor in chief of the Elite Report, Hans-Kaspar von Schönfels, stressed the following point: “Berenberg has been at the top of the German private banking market for years. But it doesn't rest on its laurels. In fact, we have observed a very pleasing appetite for reform at the Bank, which is enabling it to actively tackle the challenges of the future. It is accommodating the fast-changing market requirements early on with the innovations that it is already introducing. The modernisation process is likely to strengthen the Bank further, particularly as its various areas of expertise are visibly being rapidly expanded.”
“We are delighted to have been able to replicate the successes of previous years with the unfailingly high-quality advice that we offer our clients. More than ever in this challenging market environment, banks need to bring their business models into line with their clients’ needs. And this is what our self-image as an expert and responsible service provider aims to do,” said Dr Hans-Walter Peters, spokesman for the personally liable partners of the private bank founded in 1590. “These days, clients are increasingly better informed and are more discerning. And we are responding to this by further professionalising our team and by expanding the area of digital information.”
The industry study, which was conducted for the eleventh time, looked at 342 financial service providers in the German-speaking world. Only one in eight was rated as being commendable.
Director Corporate CommunicationKarsten Wehmeier
Phone +49 40 350 60-481 firstname.lastname@example.org