Berenberg Bank Is A German Bank Headquartered In Hamburg. This Is Mainly A Merchant Bank And A Private Bank. It Was Founded In 1590 And Is The Oldest Investment Bank In The World.
It Was Founded In 1590 (431 Years Ago) By The Berenberg Family, Which Originated In Flanders, And Is The Oldest Commercial Bank In The World. Its Owner, The Berenberg/Gosler Family, Belonged To The Ruling Elite Of Hanseatic Merchants In The Hamburg City Republic. Since 1735, Several Family Members Have Served In The City-state Government. Like Many Other Commercial Bankers, The Berenberg Family Was Originally A Cloth Merchant. The Name Of The Bank, Which Refers To John-Berenberg, His Son-in-law John-Hinrich-Gausler And The Latter's Son-in-law, L.E. Thaler, Has Not Changed Since 1791. The Bank Has Been In Continuous Operation Since 1590 And Is Still Partially Owned By Members Of The Berenberg-Gausler Family.
Berenberg Bank Is Active In Investment Banking, Particularly Pan-European Equity Research, Brokerage And Capital Markets Trading, In Addition To Providing Private Banking And Institutional Asset Management To Wealthy Clients. Since 2000, The Company Has Increasingly Focused On Investment Banking. Berenberg Bank Has Around 1,600 Employees; In Addition To Its Headquarters In Hamburg, It Has A Significant Presence In London, Zurich, Frankfurt And New York, And 11 Offices In Europe, The Americas And Asia. Over The Years, Berenberg Bank Has Expanded Its Activities In London, Which Is Now Its Second Largest Office And Home To Most Of Its Investment Banking Activities. Recently, It Has Focused On Expansion In The United States And Asia.
The Bank Is Organized As A Limited Partnership, Consisting Of Partners Who Are Personally Responsible, And Is Known For Its Conservative Business Strategy. After The Financial Crisis In 2000, The Bank Expanded Rapidly. The Current Senior Partner And Head Of The Bank, Hans-Walter-Peters, Who Is Also Chairperson Of The German Banking Association, Succeeded Deutsche Bank CEO Ju ̈ Rgen-Fechen In 2016. In 2018, Berenberg Sold Its Swiss Private Banking Subsidiary, Berenberg AG, To A Group Of Investors In Line With Its Growing Emphasis On Investment Banking. The Swiss Company Will Be Called Bergos Berenberg
