| Updated:
Berenberg set to increase its staff in the City
GERMAN boutique investment bank and wealth manager Berenberg has boosted its headcount in London by one third, bucking the gloomy trend of lay-offs in the City.
The bank is hiring investment bankers and analysts, against the industry trend of downsizing, which has dented many 2011 bank results.
Lenders across Europe, Asia and the US have slashed well over 130,000 jobs since the middle of last year in cost-cutting drives.
Berenberg, in contrast, plans to hike its analyst headcount by 30 to 100 over the next two years, the lender has said.