21.07.2011Matthew Stemp joins the Berenberg team in London

Berenberg Bank is building upon its presence in the UK by introducing asset management solutions in London, alongside its existing investment banking and private banking offering.

Matthew Stemp has joined Berenberg Bank in London to continue to build relationships with private and institutional investors in the UK. Matthew will work with both the established Private Banking team in London as well as Berenberg Asset Management in Hamburg to further develop its presence amongst UK institutional clients. Matthew brings more than 25 years of experience in asset management. He spent 17 years at UBS Global Asset Management where latterly he was the Head of UK responsible for the development and management of all client relationships. Previously, he worked for Fidelity and Lazard Investors.

Fred Hervey, Co-Head of Berenberg Private Banking in London, said: “We are delighted that Matthew has joined our team in London. His experience in asset management, working with institutional clients and their advisors, adds a new and highly relevant dimension. Today, private clients seek original investment content and access to solutions that have traditionally been the preserve of institutional clients.” Tindaro Siragusano, Head of Asset Management in Hamburg, said: “With his experience and excellent knowledge of the UK market, Matthew Stemp will support us in establishing our asset management expertise with institutional investors in the UK. We see growing demand for our asset management strategies in the UK.”

Berenberg’s Asset Management team was recently selected as “Currency Manager of the Year” at the European Pensions Awards 2011 and recognised for its quantitative investment approach.

Matthew Stemp commented: “I am delighted to be joining the dynamic team at Berenberg in this exciting stage of their journey, to bring the excellence of Berenberg’s Private Banking and Asset Management skills to the UK market.”

About the Berenberg Bank:

Berenberg Bank was founded in 1590 and is one the leading private banks in Germany today. It has more than 1000 employees*, total assets of 3.2bn euros* and liable equity of 213 million euros. The privately owned bank has its headquarter in Hamburg and has 17 offices in total around the world. The bank manages more than 25bn euros for private and institutional investors and provides investment and commercial banking services (* as at 31.12.2010).

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