RENELL is a securities trading bank founded in 1985 and based in Frankfurt am Main.

As a securities specialist for diverse financial topics, we serve our clients actively and with foresight, observe markets closely, anticipate trends and develop individual solutions. Our corporate culture, our global network and our flat hierarchies enable us to meet the diverse requirements of our customers quickly and efficiently.



  • … stand for reliability, transparency and honesty. We act according to the values of an “honorable businessman”.
  • … live diversity in thought and action. Open dialog is our philosophy.
  • … put quality before quantity.


One Company – two brands

EIN unternehmen – zwei Marken

Corporate Finance

RENELL’s Capital Markets and Strategic Advisory division covers investment banking services for international SME/Small- and Micro-Caps in the area of capital markets and strategic advisory.


Sales & Trading

Our product range covers a broad spectrum: from bonds, equities, ETF and FX to funds. With our many years of experience, we advise our clients specifically on the basis of their investment goals and restrictions and thus guide you to success.



RENELL creates a consulting platform within a set legal framework with all necessary licenses, which enables a focus on the core business.


Asset Management

Asset Management offers private and institutional investors innovative, value-added and risk-mitigating additions to traditional equity and fixed income portfolios.


Fonds Service Platform

We support you in the realization of new investment funds. We cooperate intensively with capital management companies and custodian banks. We would be happy to help you set up your own private label fund.


Executive board

Michael Puschmann, CEO

Michael Puschmann has more than 30 years of experience in investment banking.

After holding positions at Sanwa Bank and Spütz AG in Düsseldorf, he was appointed to the Executive Board of Finacor Rabe AG in 1999. In 2004, he was responsible for setting up institutional bond trading at Baader Bank AG. Afterwards he worked as branch manager at AFS Group and Stonex Europe SA until he joined RENELL in June 2022, where he is responsible for the market division.

Andreas Leonhardt, CFO

Andreas Leonhardt studied law at the Albert Ludwig University in Freiburg and is a fully qualified lawyer.

He first came into contact with the financial sector as an employee at KPMG, where he advised a number of banks in the context of annual audits. After joining MainFirst in 2003, he was responsible for the finance department. After a few more stops along the way, where he also worked as a business manager, he joined RENELL in 2020 and works here as a back office manager.

Supervisory board

JAN liepe

Chairman of the Supervisory Board

Jan Liepe is a lawyer and partner at Waldeck Rechtsanwälte in Frankfurt. He works in banking and capital markets law and began his legal career at Clifford Chance. His law studies previously took him to the University of Passau and King’s College London.

Bernhard P. Kluge

Deputy Chairman of the Supervisory Board

Bernhard P. Kluge began his career at Deutsche Bank in Lübeck, vorm. Handelsbank in Lübeck AG. After completing his training as a banker, he held various management positions at national and international banks, including Director and Head of Department at Frankfurter Sparkasse 1822, as Managing Director of BfG/SEB Invest Kapitalgesellschaft, as General Representative for Investment Banking and Asset Management at Landesbank Rheinland-Pfalz, General Representative Delta Lloyd/ AVIRA Group. Today Bernhard P. Kluge acts as Deputy Chairman of the Supervisory Board of RENELL. Furthermore, Bernhard Kluge was appointed to the European Senior Adviser Advisory Board for Clearwater International GmbH, a corporate finance advisory firm focused on mid-cap transactions.

Dr. Bernhard Walther

Member of the Supervisory Board

Dr. Bernhard Walther was elected to the Supervisory Board of RENELL in August 2017. A financial scientist, he has held numerous national and international management positions in the field of finance, including for companies and organizations such as Bankers Trust, USA, the Taiwan Stock Exchange, Credit Suisse, DIT Deutscher Investment Trust or UBS Deutschland AG, where he was a member of the Board of Management responsible for private client business.

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