BNP, Vontobel Follow the Money to Target Hamburg's Old Wealth
- Several asset managers opening offices, expanding in port city
- Companies are also attracted by foundations based in Hamburg
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Hamburg’s iconic new steel-and-glass concert hall is a vivid reminder of the affluence of the city. Well-off families contributed about 70 million euros ($78 million) and now a slew of asset managers want to tap into that wealth.