Berenberg's head of bonds exits

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Dirk Springer, head of bonds at Hamburg-based Berenberg Bank, has left the firm, Citywire Global understands.

Springer has managed a range of funds at Berenberg over the last five years including the hard currency fund, Berenberg Hartwaehrungsanleihen fund and the Berenberg-1590-Sicherheit-Universal fund, both launched in May.

The asset management arm of the Berenberg has undergone some restructing in the past year to work more closely with the private bank with oversees more than €10 billion in assets under management.

A source close to the move was not able to confirm the circumstances of the departure to Citywire Global and whether Springer is expected to take on a new role at another asset management firm.

The Berenberg-1590-Strategie-Universal A and the Berenberg-1590-Wachstum-Universal A fund is now set to be managed by Oliver Brunner alongside Ingo Koczwara and Ansgar Nolte.

Other bond funds managed by Springer under the Universal Investment umbrella were already closed in October this year.