Berenberg makes two senior appointments for London private bank
Berenberg Bank, Germany’s oldest independent bank, has hired two senior staff in London amid a climate the co-heads of the firm’s private banking team there described as a “war on talent for quality private wealth management advisers”.
The two latest appointments mean there are now 12 staff in Berneberg’s eight-month old London private banking unit.
The 421-year old bank appointed Max White as a director focused on clients in the Channel Islands, the Isle of Man and Britain’s North West, and Charlotte Baird (pictured) as an associate director.
White has advised on various asset classes and strategies for wealthy individuals, trusts and family offices, and joined the Hamburg-headquartered bank after eight years at Morgan Stanley’s private wealth management division.
Baird joined from Deloitte, where she gave investment advice and broader financial planning to extremely wealthy clients, their families and trusts in the UK and overseas.
She will develop Berenberg’s links within intermediaries such as law firms, tax advisors and accountants.
Ross Elder and Fred Hervey, co-heads of Berenberg’s London-based private banking team, said: “There is a war on talent in London for quality private wealth management advisers and we are delighted that Max and Charlotte have decided to join our strong, client-focused team.”
Last month Berenberg announced Matthew Stemp had arrived from UBS Global Asset Management, where he was most recently head of UK.
Berenberg Bank manages more than €25bn for private and institutional investors.