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.”