02.11.2017 — Berenberg appoints Lars Albert as Head of Sales Asset Management
Hamburg. Having recently hired additional portfolio managers, Germany’s oldest private bank is now following suit on the sales side, with Lars Albert (40) moving from Barings to Berenberg as of 1 November.
Berenberg set up no fewer than four new funds at the beginning of October: two European equity funds managed by Matthias Born and two second-tier stock funds managed by Peter Kraus, both of whom had just moved from Allianz Global Investors to Berenberg. There is also Berenberg Aktien-Strategie Deutschland managed by Henning Gebhardt and numerous other established asset management solutions, particularly in the quantitative field. So Berenberg has a lot of selling to do.
Gebhardt, who has headed up Wealth and Asset Management at Berenberg since the beginning of the year, has now recruited Lars Albert for this task. He will be based at Berenberg’s Frankfurt office, from where he will expand the sales function and establish the Berenberg products in the fund market. While the current focus is on the DACH region of Germany, Switzerland and Austria, it is possible that this focus may be broadened in the future. “Lars Albert has extensive experience of international fund companies and will manage sales both to national and international clients”, says Gebhardt.
Albert most recently held the position of Head of Sales Germany and Austria at Baring Asset Management, previously filling the equivalent role at Henderson Global Investors and at SEB and Frankfurt Trust.