Capitell Asset Management AG has expanded its presence in Germany with its fifth office in Mannheim. The management of the office will be looked after by the ex-advisory team of German private bank Bethmann.
Christian Herde, who previously headed the Mannheimer location of Bethmann Bank in the same capacity, will be the branch manager. Stefan Kipping, Herdes’ deputy in the new branch, and Detlef Jaehrmann have been working successfully together for many years at Bethmann Bank.
Christan Herde said: “We look forward to offer our ideas of high-quality and individual advice at Capitell AG and expand business in Germany.”
In addition to Mannheim, the German asset manager also have offices in Frankfurt, Baden-Baden, Hamburg and Hanover. Capitell Asset Management manages around €1.4bn in client funds.