Berenberg's enthusiasm for lifting people from Peel Hunt remains undented

Berenberg and Peel Hunt are not the same. One is a German privately owned bank with a 430 year history and one is a British publicly traded bank that was set up in 1989. One, however, is stocking up on many of the other's staff.

Get Morning Coffee ☕ in your inbox. Sign up here.

Berenberg has recruited Benedict Potts, a sales trader from Peel Hunt, to work in its London office. Potts joined in 2018 and had spent his career at Peel Hunt, until now.  

Potts is Berenberg's latest prize from the Peel Hunt pot. It recruited a further eight Peel Hunt people last year, including senior bankers like Tom Ballard, Adrian Trimmings, Carl Gough, Harry Nicholas, Mike Burke, John Welch, and Miles Cox.

Potts is unlikely to be the last of the hires. Profits at Berenberg rose nearly 50% last year and headcount has increased five times since 2018. 

Have a confidential story, tip, or comment you’d like to share? Contact: +44 7537 182250 (SMS, WhatsApp or voicemail). Telegram: @SarahButcher. Click here to fill in our anonymous form, or email editortips@efinancialcareers.com. Signal also available.

Bear with us if you leave a comment at the bottom of this article: all our comments are moderated by human beings. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. Eventually it will – unless it’s offensive or libellous (in which case it won’t.)

Photo by Victor Freitas on Unsplash