Press

David Mortlock (45) and Christian Kühn (52) have been appointed 39th and 40th managing partners in the 430 years history of the bank. Mortlock is the first non-German to become a managing partner of Berenberg since its founding in 1590 and will also take a 5% stake in the bank.

Frankfurt. Germany's oldest bank achieved top marks in its first annual assessment of the Principles for Responsible Investment (UN PRI) supported by the United Nations.

In the main category ESG Strategy & Governance, Berenberg achieved the highest score of A+. In the other six categories, Berenberg received the second highest grade A. This means that the house, with its very first rating in six out of seven categories, was rated better than the median for all PRI signatories and the…

Hamburg/Berlin. 430-year-old private bank Berenberg and digital private assets investment platform Moonfare, founded in 2016, start a partnership to provide Berenberg customers with digital access to top-tier private equity funds.

Hamburg/Frankfurt. When assessing a company’s sustainability in terms of ESG (environmental, social and governance standards), many asset managers rely heavily on scores by external rating agencies. However, a study by Berenberg’s ESG Office has shown that many of these ratings are inadequate and only partially reflect real-life circumstances. Particularly smaller companies tend to receive a poorer rating, often preventing investors from recognising investment opportunities. Consequently,…

Hamburg. Berenberg arranges a EUR 70 million rolling stock institutional debt solution with the aim to fund new rolling stock vehicles for a German regional passenger rail (SPNV) franchise. A group of investors represented by Allianz Global Investors (AGI) is acting as long-term lender. The funds are used to purchase of 8 DMUs and 2 EMUs to be operated in Mecklenburg-Vorpommern, Brandenburg and Berlin.

Hamburg/Frankfurt. Fund rating agency Refinitiv Lipper has named the “Beren-berg-1590-Aktien Mittelstand” fund managed by Andreas Strobl the best fund in Europe in the category “Equity German Small & Mid Cap” in recognition of its outstanding performance over three years.

Hamburg. Privately owned bank Berenberg has won an award as the “Best Bank for Small Cap Equity Capital Markets” (ECM) for the third consecutive time. GlobalCapital, the specialist magazine belonging to the Euromoney Group, awarded the distinction as part of its Annual Equity Capital Markets Awards, which recognises outstanding achievements in the EMEA region. Berenberg was additionally named among the top three ECM banks in the GSA region.

Hamburg. Berenberg closed the year 2019 with net profit for the year from operations of €60.5 million (previous year: €23.3 million). Germany’s oldest privately owned bank has thus surpassed the previous year’s earnings by 160%.

Berenberg Bank Foundation of 1990 has been supporting young artists for 30 years. The 10,000 euro Berenberg Culture Prize goes to clarinettist Roman Gerber. Violoncellist Anna Olivia Amaya Farias and Dutch pianist Daan Boertien receive scholarships.

Hamburg. The investigations initiated in March 2019 against Hendrik Riehmer, Managing Partner of Berenberg, were discontinued in accordance with Section 170 (2) of the German Code of Criminal Procedure on the grounds that the accusations were completely unfounded, as announced by the Hamburg public prosecutor's office on 11.02.2020. Riehmer had been wrongly suspected of having passed on insider information.