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FNZ Group is to acquire 100% of German investment platform ebase from Comdirect Bank AG, subject to regulatory approval.
Adrian Durham, CEO of FNZ Group, which has more than 300 employees based in Edinburgh, said: “ebase is a well-established investment platform and leader in the digitisation of wealth management solutions. We look forward to partnering with the highly capable ebase team to grow their business in Germany.”
“This is an important milestone for FNZ Group and underlines our commitment to being the leader in the provision of B2B digital wealth management solutions for financial institutions and their clients in Germany and across Europe.”
Founded in 2002 as part of ADIG Investment GmbH, ebase has been an independent and fully licensed platform and a subsidiary of comdirect bank AG since its purchase in 2009. With 265 employees, more than one million customers and more than 270 co-operation partners – including banks, insurance companies, asset managers and independent financial intermediaries – ebase is now one of the leading business-to-business direct platforms in Germany, with assets under administration (AuA) of around €31bn.
Under FNZ Group’s ownership, ebase will continue with its strategy to become the leading digital financial services partner in Germany, through sustained investment in technology and customer service. Current Managing Directors Rudolf Geyer and Lars Müller-Lambrecht will continue to lead the company from its headquarters in Aschheim, near Munich.
Rudolf Geyer, CEO of ebase, added: “We look forward to working with FNZ Group. Together, we will continue our successful journey and drive our strategy forward.”