Topic - Berenberg Bank

Joh. Berenberg, Gossler & Co. KG, commonly known as Berenberg Bank, is a German multinational financial institution, primarily an investment bank, set up under the legal form of a limited partnership (Kommanditgesellschaft) with personally liable partners and based in Hamburg. Founded by the Berenberg family, Dutch emigrants, in 1590, it is the oldest bank in existence in Germany and the second oldest bank in the world. Since its establishment, the bank has been continuously owned by a Hanseatic family dynasty comprising the three related families Berenberg, Gossler and Seyler, making it the world's oldest family owned bank. The Berenbergs were hereditary grand burghers of Hamburg from 1684 and members of the Senate from 1735. Ennobled in 1888 and raised to baronial rank in 1910, the von Berenberg-Gossler family still owns a significant share of the bank. Berenberg Bank is one of the leading private banks of Europe, with around € 26 billion assets under management and 1300 employees. Its core areas are investment banking, institutional asset management, private banking for wealthy private customers and commercial banking. Berenberg Bank is also well known for its securities research. For centuries, the company was also a merchant house and became involved in merchant banking in the 17th century. Important business segments were shipping, insurance and large-scale import-export, but during the 18th century the banking activities became the company's core. The company was renamed Joh. Berenberg, Gossler & Co. under the leadership of Ludwig Erdwin Seyler in 1791, after the death of his father in law Johann Hinrich Gossler. - Source: Wikipedia

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