German investment bank Berenberg has added
an equity trading desk to its New York office.
Berenberg Capital Markets, the US
subsidiary of the bank, has hired a team of six traders to execute
institutional equity trades in both the US and Canada.
The team will be led by Scott Duxbury, who
joined from Jones Trading in December 2014. He has over 25 years of industry
experience with senior roles at Rencap Securities and Merrill Lynch.
Other key names include Lars Schwartau,
formerly at Berenberg head office in Hamburg, who joined the US team in April
as global head of trading and sales trading.
Hebdrik Riehmer, managing partner at
Berenberg, said: “The launch of our trading desk in New York further
strengthens Berenberg’s expanding presence in the US and extends our offering
to institutional clients.
“Having opened offices in New York, Boston,
Chicago and San Francisco over the last four years, this latest development
underlines our growing reputation in the region.”