Berenberg continues to focus on internationalisation
- Tindaro Siragusano further expands Asset Management
- Private Banking under the global leadership of Dr Peter Raskin
Hamburg. Berenberg is continuing its international growth strategy and, following the very successful internationalisation in Investment Banking, also sees great potential in Asset Management and Private Banking. This development is underscored by the recently acquired mandate to manage € 4.3 billion for one of the UK’s largest pension funds (see press release dated 5 March 2014).
“We see great potential on the international markets. After having started to offer institutional investors in London our asset management strategies in 2011 and having already successfully placed our currency overlay there, we founded the New York–based subsidiary Berenberg Asset Management LLC in January 2014. The company is currently filing an application for approval with the regulatory authority SEC,” said Tindaro Siragusano (38), Head of Asset Management. “We also see excellent growth prospects for our Asset Management division in Scandinavia, the Benelux countries and Switzerland. That is why we are planning to significantly strengthen the Asset Management division’s international sales at its London office.”
The strategy of internationalisation in Asset Management represents a big challenge. Siragusano, who has also been responsible for the Private Banking business unit in Germany over the past two years, will now concentrate on the further expansion of Asset Management.
The Private Banking is to be headed up by Dr Peter Raskin (45) in future. Raskin, who has been with Berenberg since 2009 and who was previously responsible for International Private Banking, thereby assumes global responsibility for all of the Private Banking activities at Berenberg.
“Over the last two years, Mr Siragusano has very successfully restructured the Private Banking division in Germany and given important priority to the professionalisation of services, which in turn has laid the foundations for further growth. Under the leadership of Dr Raskin, we now want to further link our private banking activities, both nationally and internationally, in order to provide our customers with a broader range of products and top-quality services under the Berenberg name,” explained Dr Hans-Walter Peters, spokesman of the personally liable partners. Berenberg provides its multi-award-winning private banking services at eight offices in Germany as well as at the major international hubs of London, Geneva and Zurich. The creation of a Chief Investment Office in Frankfurt recently meant that Berenberg was able to significantly broaden its expertise.
“These measures enable us to focus even more strongly on the needs of our customers and put us in an optimal position to achieve further growth, both in Asset Management and in Private Banking,” said Dr Peters.
Director Corporate CommunicationKarsten Wehmeier
Phone +49 40 350 60-481 email@example.com