German bank Berenberg has re-organised its London office in the wake of the departure of its former co-head Ross Elder.
The London office, set up in 2011 under Elder and Fred Hervey, was originally focused on UK clients.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
The UK business has now expanded into the international private banking business and will be headed by Alexis Chardigny.
Chardigny joined Berenberg from Morgan Stanley in July this year and will report to Dr Peter Raskin, the head of the International private banking division of Berenberg.
As part of the changes, the UK clients division will be headed by Richard Brass, who joined the bank from Schroders Private Banking soon after the London office was established by Elder and Hervey.
Hervey, who remains at the bank after the sudden departure of Elder, will now head the investments, operations and compliance division as a part of the re-organisation of the London office.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataEarlier this month Private Banker International reported that Elder had left as a result of the re-organisation of the London business and the departure of nearly a quarter of the London staff he had hired.
