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.
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The US operation has been launched with a nine people sales team and it will increase headcount.
In 2011 Berenberg, Germany’s oldest bank with a history tracing back to 1590, started its international expansion policy.
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.
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By GlobalData
Source: Private Banker International
