European investment and private bank modernizing legacy systems with ServiceNow and cloud infrastructure
Berenberg is a 434-year-old privately held bank headquartered in Hamburg with ~1,600 employees across investment banking, corporate banking, and wealth management divisions. The tech stack reveals a hybrid legacy-to-modern transition: Java, Kotlin, TypeScript running on Azure and Oracle, paired with ServiceNow as a central operational platform. Active hiring is concentrated in engineering (20 roles) and finance (20 roles), with senior-level dominance (31 of 70 open positions), indicating leadership-layer scaling rather than broad team expansion. Projects cluster around risk systems, ServiceNow module expansion, and legacy modernization—matching the pain-point pattern of managing aging infrastructure while adopting cloud-native tooling.
Berenberg operates as one of Europe's leading privately held banks, serving corporations, investment institutions, and high-net-worth individuals across investment banking, corporate banking, wealth management, and asset management. The bank maintains significant presence in financial centers including Hamburg, London, Frankfurt, and New York. Current operational focus spans three areas: building new risk and compliance systems (AML/CTF framework updates), expanding ServiceNow as a central IT operations platform with intelligent automation, and modernizing a legacy technology estate built on Java, Oracle, and on-premises infrastructure toward Azure cloud and containerized deployments. The organization is hiring primarily at senior and mid levels, with accelerating recruitment velocity concentrated in engineering and finance roles across Germany and the United Kingdom.
Berenberg uses Java, Kotlin, TypeScript, Python, and JavaScript for development; Azure and Oracle for database and infrastructure; ServiceNow for IT operations and process automation; QlikView and Qlik Sense for analytics; Bloomberg for financial data; and Kubernetes for containerization.
Active projects include risk system development and modernization, new ServiceNow modules and intelligent automation solutions, AML/CTF framework updates, legacy system modernization, and digital workplace automation via Citrix and IGEL thin clients.
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