back Back

FNZ completes acquisition of German Fondsdepot bank

By Gloria Methri

January 16, 2023

  • Asset Management
  • ebase

FNZ, Fondsdepot Bank, Wealth Management, Germany, ebase, DIAMOS, WealthTechGlobal wealth management platform FNZ has completed the acquisition of Fondsdepot Bank, one of the leading independent platforms for trading and custody in Germany. The acquisition represents a further investment by FNZ in the German market and will bring together the strengths of investment platform ebase, wealth tech provider DIAMOS and Fondsdepot Bank.

With the acquisition, FNZ now employs more than 1,000 people and manages assets of over €120 billion for more than 2 million customers in Germany. The company provides its expertise to more than 650 partners, including Allianz Global Investors, AXA, BNP Paribas, Generali, Gothaer, comdirect, and WWP.

As per the agreement, Sebastian Henrichs will continue to be CEO of Fondsdepot Bank, while also leading FNZ Germany. Kai Friedrich will continue to lead ebase as CEO and will be appointed as FNZ’s Head of European Integration.

FNZ combines technology, infrastructure, and investment operations into a single platform that enables global financial institutions to deliver personalized services and innovative wealth products tailored to their clients’ needs.

Adrian Durham, Group CEO of FNZ, said, “We are delighted to have successfully completed the acquisition of Fondsdepot Bank, which, together with ebase and DIAMOS, accelerates our mission to open up wealth by making wealth management more accessible to more people.”

“We also look forward to welcoming Sebastian. He has extensive leadership experience and a track record of success in the German wealth management sector, and I am confident that the team will continue to grow FNZ’s business in Germany.”

Sebastian Henrichs, CEO Fondsdepot Bank added, “I am very excited about the opportunity to join FNZ and to work with such a strong team. Together, we will continue to grow FNZ’s market-leading client offering by leveraging our combined platform capabilities and market knowledge. All of our employees will play a critical role in achieving this goal, creating even more exciting career opportunities in the future.”

Previous Article

January 16, 2023

Alrajhi Bank adds Ministry of Industry and Mineral Resources to digital B2B bank guarantee service

Read More
Next Article

January 16, 2023

TOD chooses TPAY for mobile payments

Read More

IBSi Daily News Analysis

UAE, money transfer

June 14, 2024

Asset Management

Digital remittances surge as key lifeline amid global economic challenges, study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

June 13, 2024

Flexys partners with for debt collection

Read More

June 12, 2024

HSBC acquires Citi’s retail wealth management portfolio in mainland China

Read More

June 10, 2024

5 WealthTech platforms simplifying credit score tracking in India

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
Get your copy now! IBSi Sales League Table 2023