Berenberg Bank

Joh. Berenberg, Gossler & Co.

Headquarters in Hamburg
Trade name	Berenberg
Company type	Private limited partnership with personally liable partners
Industry	Financial services
Founded	September 1590; 434 years ago (1590-09)
Founders	Hans and Paul Berenberg
Headquarters	Hamburg, Germany
Area served	Worldwide
Key people	Hendrik Riehmer David Mortlock Christian Kühn Hans-Walter Peters
Products	Investment banking, wealth management, asset management, corporate banking
Number of employees	c. 1,600[1]
Website	berenberg.de

Joh. Berenberg, Gossler & Co. KG, commonly known as Berenberg Bank and also branded as simply Berenberg, is a multinational full-service private and merchant bank headquartered in Hamburg, Germany. It is considered the world's oldest merchant bank.

It was founded around 1590 by Hans and Paul Berenberg, refugees from Antwerp in the Spanish Netherlands (now Belgium). Their descendants, 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. Like many other merchant bankers, the Berenbergs were originally cloth merchants.^[2][3][4] The company involved itself in shipping, whaling and ship insurance from the late 17th century, and in extensive trade with colonial goods imported from the Americas and Asia. By the early 19th century the company was one of Northern Europe's leading sugar merchants. During the 18th and 19th centuries the company gradually focused increasingly on financial services. The company's name refers to Johann Berenberg, his son-in-law Johann Hinrich Gossler and the latter's son-in-law L.E. Seyler, and has remained unchanged since 1791. The bank has operated continuously since 1590 and is still part-owned by members of the Berenberg-Gossler family.

Berenberg Bank is active in investment banking, particularly pan-European equity research, brokerage and equity capital markets transactions, in addition to private banking for wealthy customers, asset management and corporate banking. Since the 2000s, the company has increasingly focused on investment banking. Berenberg Bank has around 1,600 employees; in addition to its headquarters in Hamburg, it has significant presences in London, Frankfurt and New York City, and 14 further offices in Europe and the Americas. After years of expanding its activities in London, which is now home to its second largest office with a staff of around 500 and seat of most of its investment banking activities, Berenberg Bank has recently focused on expanding in the United States and Asia.^[5]

The bank is organized as a limited partnership with personally liable partners, and is noted for its conservative business strategy. Following the 2008 financial crisis, the bank has expanded rapidly.^[6] The former senior partner and head of the bank Hans-Walter Peters was also president of the Association of German Banks, having succeeded Deutsche Bank CEO Jürgen Fitschen in 2016 (until 2021). In 2018 Berenberg Bank, in line with its increasing focus on investment banking, sold its Swiss private banking subsidiary Berenberg Bank (Schweiz) AG to a group of investors; the Swiss company became known as Bergos.^[7] Today the bank is run by three managing partners: Hendrik Riehmer, David Mortlock, Christian Kühn.