The European Central Bank (ECB) and Auditing Association of German Banks give the go-ahead: The owner control procedure for the takeover of AXA Bank by the parent company of Fondsdepot Bank, a wholly owned subsidiary of DXC Technology, has been completed. The change of ownership of AXA Bank will take place as scheduled on January 1, 2021.
“All those involved worked together in a very constructive and collegial manner. Our thanks goes in particular to the colleagues from AXA.“ is how Sebastian Henrichs, CEO of Fondsdepot Bank, describes the process. “Now we can focus on the technical, operational and sales aspects of the partnership between AXA Germany and Fondsdepot Bank.”
„The approval of the owner control procedure now ensures a successful transition of AXA Bank into the new ownership structure. We are pleased about this step and the future cooperation with Fondsdepot Bank as a strong partner.“ says Dr. Thilo Schumacher, member of the AXA Konzern AG Management Board responsible for the Personal Insurance Ressort, and continues. “Together, we plan to strategically expand our mutual fund advisory and asset management services for our clients and distribution partners.“
AXA in Germany
With premium income of €10.9 billion (2019) and 8,687 employees, the AXA Group is one of the leading insurance and financial services groups in Germany. The company offers holistic solutions in the areas of private and occupational pension provision, health insurance, property and casualty insurance and wealth management. All the company's thinking and actions are based on the customer and his needs. AXA Germany is part of the AXA Group, one of the world's leading insurance companies and wealth managers with 160,000 employees and intermediaries and more than 108 million customers in 57 countries. In the 2019 financial year, AXA Group generated sales of €103.5 billion and an operating profit (underlying earnings) of €6.5 billion after tax. The assets under management of the AXA Group had a volume of 974 billion euros at the end of 2019. Further information under Annual Report AXA Bank 2018.
Press contact AXA Konzern AG:
Head of Corporate Communications
Phone: 0 22 1 / 1 48 – 2 41 13
About Fondsdepot Bank GmbH
As the leading fund platform in Germany, Fondsdepot Bank connects markets: independent of banks and asset managers, it offers over 180 sales partners simplified access to investment solutions from a wide range of investment companies and the custody of their customers' portfolios in securities accounts. As the largest liability umbrella in Germany, Fondsdepot Bank also provides the legal, technical and organisational framework for advising and brokering shares in investment funds and asset management products. It manages around one million investment accounts with a volume of approximately EUR 40 billion in assets under administration. The Fondsdepot Bank gives end customers simplified access to a comprehensive, independent fund universe. For investment companies, Fondsdepot Bank offers the opportunity to offer their fund products to a wide range of distribution partners and end customers and to open up new distribution channels.
Further information is available at www.fondsdepotbank.de.
Press contact Fondsdepot Bank:
Team Head Marketing
Phone: +49 9281 7258-2377
Mobil: +49 172 403 6903
About DXC Technology
DXC Technology, the world's leading independent end-to-end IT service provider, manages and modernizes business-critical systems and integrates them with new digital solutions to achieve better business results. The company's global presence and talent, innovation platforms, technology independence and extensive partner network enable more than 6,000 private and public customers to manage change. For more information, please visit www.dxc.technology.
Press contact DXC Technology:
Head of Marketing & Communication, North and Central Europe
Telefon: +43 1 20777 1015
Tel. mobil: +43 (0) 676 7868804