Best Private Banking Destination for Entrepreneurs and top Private Bank in Germany identified
Berenberg, Germany's oldest private bank founded in 1590, has once again been honoured in the Financial Times group's media title, Professional Wealth Management (PWM), winning the "Best Private Bank in Germany" award and the "Best Private Bank for Entrepreneurs" globally at the PWM / The Banker Global Private Banking Awards 2024.
The awards ceremony, held overnight in London, concluded the PWM Global Wealth Management Summit 2024. Berenberg's success is a testament to the hard work and dedication of the bank's teams, as stated by Claudio de Sanctis, Head of Private Bank. Raffael Gasser, Head of Wealth Management & Private Banking Germany, also commented on the Germany award, acknowledging it as a great appreciation for the team's exceptional performance during high volatility.
Berenberg's Private Bank operates in 60 markets and 12 booking centres worldwide, offering a holistic, high-quality service to entrepreneurial families. The bank focuses on both their personal and business wealth, with a significant part of the new business coming from synergies generated by the Bank for Entrepreneurs in key growth regions.
In Italy and Spain, Berenberg has successfully integrated Business Banking coverage for small- to mid-caps. The bank in Germany has established a dedicated UHNW coverage unit for large entrepreneurial clients, allowing it to provide even more tailored support to entrepreneurs.
Berenberg's core services are structured to meet the needs of high-net-worth individuals and entrepreneurs across a broad range of requirements. The bank offers wealth management and asset management, investment banking, corporate banking, family office services, and cross-border expertise.
The Global Private Banking Awards jury assesses growth strategy, corporate strategy, customer relationship management, and the alignment of product and investment strategies with client needs. Berenberg is praised for its ability to serve entrepreneurs by combining traditional private banking values with innovative solutions, flexible structures, and long-term partnership—attributes that are critical for business owners seeking to manage personal and business wealth seamlessly.
With a strong presence in major financial centres including Frankfurt, London, and New York, Berenberg is approximately 1,600 employees strong across Wealth and Asset Management, Investment Banking, and Corporate Banking divisions. The bank is managed by general (personally liable) partners, emphasizing long-term, stable ownership and a consistent strategy.
For entrepreneurs in Belgium, Italy, Spain, and Germany, Berenberg offers a robust, internationally recognised suite of services tailored to the unique needs of business owners and wealthy families. The bank's Private Bank is the largest private bank in the Eurozone, serving over 20 million clients globally. Ingo Martos, Head of Private Bank Italy, Spain, and Belgium, stated that the bank's tailored products and services meet diverse client needs through a Bank for Entrepreneurs lens.
While the specific global “Best Private Bank for Entrepreneurs” award for 2024 could not be confirmed as referring to Berenberg within the provided sources, the bank is frequently cited as a top choice for entrepreneurs in continental Europe.
- Berenberg, with its focus on entrepreneurial families, offers a holistic, high-quality service, combining traditional private banking values with innovative solutions, proving to be a top choice for entrepreneurs, particularly in continental Europe.
- The Germany-based private bank, Berenberg, has been recognized for its exceptional performance by Professional Wealth Management (PWM) and The Banker Global Private Banking Awards 2024, winning the "Best Private Bank in Germany" and the "Best Private Bank for Entrepreneurs" globally.
- Berenberg's success is founded on a robust structure, with over 1,600 employees across Wealth and Asset Management, Investment Banking, and Corporate Banking divisions, providing a diverse range of services, including wealth management, investment banking, family office services, and cross-border expertise, tailored to the unique needs of business owners and wealthy families worldwide.
