FNZ completes acquisition of German Fondsdepot bank
By Gloria Methri
Global 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.”
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