Some would say that Orcel’s pay package is yet another example of same old, same old. So it was exciting to come across an example of the new paradigm in the financial sector. What do I mean by that over-used phrase? In short, a firm that is doing things differently from the discredited big-bank universal model. I have been seeing the name Berenberg Bank a lot recently: often in connection with research calls on European stocks. My curiosity piqued, I was pleased when a friend introduced me to two of the firm’s senior management. In mid-March, I met Andrew McNally, head of Berenberg Bank UK, and Hendrik Riehmer, a managing partner, to learn more about the business.
Abigail Hofman,
March 26, 2013