Berenberg in the national and international Press

Berenberg recruits Stefan Keitel as Chief Investment Officer

  • Credit Suisse CIO appointed from 1 September
  • Berenberg views competence and professionalism as drivers of performance and further growth

Hamburg. Berenberg is strengthening its private banking and asset management activities by recruiting a new Chief Investment Officer (CIO). Stefan Keitel, 43, currently bank-wide CIO of Credit Suisse, is joining Berenberg with effect from 1 September to take responsibility as bank-wide CIO and Head of Private Asset Management.

“Over recent years, we have built one of the biggest and most respected equity analyst teams in Europe, a highly valued group of economists headed by Dr Holger Schmieding, set up one of the most innovative quantitative asset management units and received numerous outstanding awards for our customer advisory offerings,” comments Dr Hans-Walter Peters, spokesman for the managing partners of Berenberg. “With Stefan Keitel, we are adding yet another internationally renowned and highly respected expert to Berenberg. The move will help us press ahead with our strategy for success going forward, also on an international level.”

“I’m delighted that we’ve been able to recruit Stefan Keitel to run our discretionary investment management activity,” says Tindaro Siragusano, the head of Private Banking and Asset Management. “With his huge experience, profound capital market expertise and strong management skills, he will help take our asset management activities to the next level for our clients and their investment goals.”

Keitel is currently Managing Director of Credit Suisse. He is bank-wide Chief Investment Officer in its asset management and private banking business, a function which gives him responsibility for capital allocation and investment strategy at global level. In addition, he heads the bank-wide Investment and Asset Allocation Committee, which oversees assets under management of €100 billion. Keitel, who has been Co-head of Global Asset Management since 2010, joined Credit Suisse in 2001 as head of Portfolio Management Germany, before being promoted to CIO Germany in 2004 and CIO Central Europe in 2008. Prior to joining Credit Suisse, he worked for Prudential Securities New York/Frankfurt.

About Berenberg 
Established in 1590, Berenberg is one of the leading private banks in Europe today, focussing on four operating divisions: Private Banking, Investment Banking, Asset Management and Corporate Banking. The Hamburg-based bank is run by managing partners. In recent years, Berenberg has built up a strong presence in the financial centres of London, Zurich and Frankfurt and today has 17 offices in Europe, the United States and Asia. With a firm grasp of our traditions, we have 1,100 staff driving our business into the future.

www.berenberg.com

You can find a PDF of the press release here.

Director Corporate Communication

Karsten Wehmeier
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