The new office will serve clients in that city and the Lower Saxony region of Germany, and will be led by Marlies Brune as branch office manager, along with an advisory team including Holger Stoppel and two assistants.

The new office is the eleventh in Sal Oppenheim’s German network and its launch follows that of a base in Hanover in the summer of last year and one in Bielefeld in 2010.

“Thanks to the presence of Sal Oppenheim in the Bremen/Oldenburg Metropolitan Region, we are even closer to our clients in one of Germany’s wealthiest areas,” said Dr Gregor Broschinski, a member of Sal Oppenheim’s executive board and who is responsible for private asset management.

In other recent expansionary moves, last September Sal Oppenheim bolstered its Luxembourg asset management subsidiary with the hire of Thomas Albert as head of international sales. Albert had spent the preceding 12 years at Credit Suisse, most recently as head of retail sales in Europe (excluding Switzerland and Italy) and Latin America.