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Here’s One German Lender That's Hiring as Larger Rivals Struggle

  • Berlin’s Quirin has added 20 advisers, may widen client base
  • Company open to new investors to accelerate growth, CEO says
Karl Matthaeus Schmidt
Karl Matthaeus SchmidtSource: Sven Serkis/Quirin Privatbank
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A small lender formed 13 years ago is proving that it’s not all doom and gloom in the German banking industry.

Quirin Privatbank AG, a Berlin-based company that advises private individuals on their investments, is in the middle of a hiring spree and, according to its chief executive officer, is prepared to bring in new investors to accelerate growth. The lender aims to increase its assets under management to 5 billion euros ($5.7 billion) from 3.5 billion euros within three years.