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Germany's Quirin Privatbank on hiring spree amid growth plans

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Germany's Quirin Privatbank on hiring spree amid growth plans

German asset manager Quirin Privatbank AG will hire around 50 financial advisers by the end of 2021 amid plans to boost growth by bringing in new investors, CEO Karl Matthaus Schmidt told Bloomberg News on Jan. 8.

The company has already filled 20 of those positions and intends to grow its AUM to €5.0 billion from €3.5 billion within three years, the report said.

Schmidt also told Bloomberg that the company is not looking for external funding but could sell a stake in robo-adviser unit Quirion.