Nasdaq (Nasdaq: NDAQ) announces that German credit institution Joh. Berenberg, Gossler & Co. LG (the Berenberg) has been granted membership for participation in trading on the Nasdaq Vilnius Fixed-Income Market. The Ministry of Finance of the Republic of Lithuania has signed the Government Securities auction participant agreement with Berenberg to participate in primary placement auctions of Lithuanian Government Securities as of July 15.
Berenberg, established in 1590, provides services in Private, Investment, Corporate Banking and Asset Management business segments. With 1,300 employees, the company manages assets worth EUR 40.1 billion. Its net profit was EUR 104 million for the year ending Dec. 31 2015. Company’s head office is located in Hamburg, and it has offices in the US, Switzerland, UK, Austria, China, etc.
“We are excited to welcome Joh. Berenberg, Gossler & Co. LG who will make a strong addition to our members’ family creating new investment opportunities to their clients and promoting the Baltic Fixed-Income Market," said Daiga Auziņa-Melalksne, Head of Exchange Services at Nasdaq Baltic. “We look forward to supporting our new member.”
The Berenberg will trade under the trading code BERV.