Berenberg expands International Private Banking in London
London. Berenberg established its Private Banking department in London in 2011 and is now embarking on the next stage of its growth. The current team of ten staff will be expanded to about 15 by the end 2014 and as well as looking after UK clients, the team will also service international clients out of the London office. With this move, Berenberg creates a further hub for its international clients, in addition to the subsidiary Berenberg Bank (Schweiz) AG in Zurich and Geneva.
Berenberg’s International Private Banking division is led by Dr Peter Raskin, who is also the CEO of Berenberg Bank (Schweiz) AG. In London there are now three teams: 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). Ross Elder has left Berenberg as part of the restructuring process, to explore new opportunities. We thank him for his valuable contribution.
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