Berenberg Bank has opened its second US
office, setting up an operation centre in New York City to expand
its business in North America.

The German-based bank opened its first office
in the US in Boston last year.

“This step represents a further expansion of
our stock research service for US institutional investors,” said
Hendrik Riehmer, Berenberg Bank general partner.

The US operation has been launched with a nine
people sales team and it will increase headcount.


Entering UK and US

In 2011 Berenberg, Germany’s oldest bank with
a history tracing back to 1590, started its international expansion

In January that year the bank launched its
London-based private banking operations.

Berenberg currently has €26bn ($33bn) assets
under management in 19 offices worldwide.