Berenberg, Germany’s oldest bank, plans to set
up a 10-man UK private banking team by the end of the year,
according to Andreas Brodtmann, a managing partner at the bank.

It has an assets under management target of
£500 million within three years, gathering client assets at a rate
of £200 million a year.

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The business, which has international private
banking operations in Austria and Switzerland, already has a
60-person investment management business in Threadneedle Street in
the City of London.

Read the full interview with Andreas
Brodtmann

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