Berenberg expands UK private banking team to serve ultra wealthy

LONDON, March 31 Mon Mar 31, 2014 5:47am EDT

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LONDON, March 31 (Reuters) - German privately owned investment bank Berenberg has set up a new team in London to handle business with "ultra-high net worth" customers, it said on Monday.

The three-person International Key Clients team will focus on those with "complex requirements", the bank said in a statement, and be led by Vanessa Skoura, a senior banker with more than 20 years experience, who joins from HSBC Private Bank. (Reporting by Simon Jessop; Editing by Greg Mahlich)