# Goyer & Göppel Goyer & Göppel is a Multi Family Office based in Hamburg, Germany. ## Overview - **Organization type:** Multi Family Office - **Headquarters:** Hamburg, Germany - **Region:** Europe - **Address:** ABC-Str. 10, 20354 Hamburg, Germany - **Founded:** 1924 - **Assets under management:** Undisclosed - **Website:** gobank.de - **LinkedIn:** https://www.linkedin.com/company/gossler-&-co.-kg ## Regulatory record - **Reports private funds:** No ## About Goyer & Göppel was founded in 1924 by Hans Goyer and Friedrich Göppel as a small private bank in Hamburg's ABC-Strasse, near the firm's current headquarters. The house is now led in its third generation by brothers Frank and Björn Göppel, who serve as personally liable partners alongside co-partner Andreas Nowatzki. The three manage the firm's own capital and that of multi-generational private-client families through a relationship model that emphasizes direct, long-term counsel over transactional service. The firm deploys capital primarily across three asset classes: listed equities, fixed-income instruments, and proprietary pooled vehicles. Its investment philosophy is explicitly anti-cyclical, with portfolio construction favoring undervalued positions during market dislocations rather than chasing momentum. The in-house funds illustrate the approach: the Goyer & Göppel Smart Select Universal, launched in 2008, is a flexible international multi-asset fund, while the Goyer & Göppel Zins-Invest alpha, launched in 2015, focuses exclusively on fixed-income securities with strict single-issuer volume limits. The firm also confirmed a Private Credit allocation within its broader portfolio, consistent with its income-oriented mandate. Geographic focus remains predominantly continental Europe. Goyer & Göppel operates as a compact private-banking partnership out of its sole Hamburg office, with five named client-facing professionals each carrying three decades of industry experience. The firm maintains membership in the Bundesverband deutscher Banken and the Hanseatische Wertpapierbörse Hamburg, and its Zins-Invest fund appeared on the myLife Invest insurance platform as of 2024. Structurally, Goyer & Göppel stands apart from the modern multi-family office by remaining a fully licensed private bank with personal-liability partners — a Rechtsform that legally ties the owners' personal assets to the institution's solvency. This liability structure, largely abandoned elsewhere in German finance, creates an unusually direct alignment between the principals' own wealth preservation and the conservative, anti-cyclical mandates they run for external families. ## Sectors - Private Credit - Real Estate ## People - Frank Göppel — Persönlich haftender Gesellschafter - Björn Göppel — Persönlich haftender Gesellschafter - Andreas Nowatzki — Gesellschafter ## Questions ### Who runs investment decisions at Goyer & Göppel? Investment and client decisions are made collectively by the three partners: brothers Frank and Björn Göppel, the personally liable general partners, and Andreas Nowatzki, a co-partner. All three have roughly 30 years of industry experience and handle client portfolios directly, rather than delegating to a separate investment committee. The firm collaborates with Portfolioalpha Consulting on investment decisions, per internal sourcing. ### Is Goyer & Göppel structured as a single family office or a private bank? It is both. The firm is a fully licensed German private bank organized as a Kommanditgesellschaft (KG) with personally liable partners — the Göppel brothers — which means their personal wealth is at stake alongside client assets. It also functions as a multi-family office, managing the partners' own multi-generational wealth alongside that of external affluent families, all under the same banking roof. ### What investment stages and asset classes does Goyer & Göppel typically target? The firm allocates across liquid public equities, international fixed income, and private credit. Its Goyer & Göppel Smart Select Universal is a flexible multi-asset fund that can vary its mix, while the Zins-Invest alpha is a pure fixed-income vehicle. The firm explicitly pursues an anti-cyclical investment style, buying into weakness rather than chasing growth-stage positions. ### Where does the underlying wealth managed by Goyer & Göppel come from? The original wealth originated with Hans Goyer and Friedrich Göppel, who founded the bank in 1924. Today's partners — Frank Göppel, Björn Göppel, and Andreas Nowatzki — manage capital that includes their own family's multi-generational assets alongside those of external private clients, predominantly from German-speaking Europe. The firm does not publicly disclose the specific industries that generated the founding wealth. ### What is Goyer & Göppel's known posture on co-investments alongside external GPs? The firm does not market itself as a co-investment partner and publishes no record of direct co-investing with external general partners. Its model is built on discretionary separate-account management, pooled in-house funds, and direct fixed-income and equity selection — making it a self-contained allocator rather than a club-deal participant. ## Related profiles - [Gough Family Office](https://altss.com/profile/gough-family-office) - [GPIC](https://altss.com/profile/gpic) --- Last updated: 2026-08-11T02:43:31.692Z Canonical page: https://altss.com/profile/goyer-g-ppel Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology