Berenberg | |
Limited partnership with personally liable partners | |
Industry | Financial services |
Founded | 1590 |
Founders | Hans and Paul Berenberg |
Headquarters |
|
Area served
|
Worldwide |
Key people
|
Hans-Walter Peters Hendrik Riehmer |
Products | Investment banking, private banking, asset management, commercial banking |
Number of employees
|
Ca. 1,500 |
Website | Berenberg |
Joh. Berenberg, Gossler & Co. KG, commonly known as Berenberg Bank, is a Hamburg-based multinational investment banking and private banking company, founded by the Belgian-origined Berenberg family in 1590. It is the world's oldest merchant bank. Its owners, the Berenberg and Gossler families, belonged to the ruling elite of Hanseatic merchants of the city-republic of Hamburg and several family members served in the city-state's government from 1735. The bank's name refers to Johann Berenberg and Johann Hinrich Gossler, and has remained unchanged since 1791.
Berenberg Bank is active in investment banking, particularly pan-European equity research, brokerage and capital markets transactions, in addition to private banking for wealthy customers and institutional asset management. Berenberg Bank has around 1,500 employees; in addition to its headquarters in Hamburg, it has a significant presence in London, Zurich and Frankfurt, and 14 further offices in Europe, the Americas and Asia. The bank is organized as a limited partnership with personally liable partners, and is noted for its conservative business strategy. Following the 2000s financial crisis, the bank has grown rapidly. The current senior partner and head of the bank Hans-Walter Peters is also President of the Association of German Banks.