Manfred Schlumberger was appointed chief investment officer at Berenberg, a spokeswoman said.
Mr. Schlumberger will start Jan. 1. He will replace Stefan Keitel, who will join DekaBank on Jan. 1 as a designated member of the board, responsible for securities and capital markets, said a news release from DekaBank.
Mr. Schlumberger will lead investment strategy and private asset management services for Berenberg, which includes the money management division. Berenberg manages more than €36 billion ($40.4 billion) of assets.
Mr. Schlumberger is a managing director and head of asset management services at German bank BHF Trust Management Gesellschaft fur Vermogensverwaltung. He also manages the BHF Flexible Allocation FT investment fund. A spokesman for BHF could not be reached for comment by press time.