Wealth and Asset Management
Berenberg invests in growth but profits down 39% year on year
Germany’s oldest private bank Berenberg saw its net profit fall to €40.4m (£28.8m) in 2014 from €66.1m in 2013, as the bank made “large-scale investments”. Berenberg added offices in San Francisco and Chicago in 2014, taking the total number up to 19. In terms of number of employees, it added…
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