German securities service bank

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  Deutsche WertpapierService Bank AG
logo
Country GermanyGermany Germany
Seat Frankfurt am Main
legal form Corporation
Bank code 500 306 00
BIC DWPB DEFF XXX
founding August 4, 2003
Website www.dwpbank.de
Business data 2018
Total assets 526,756 thousand EUR
Employee 1,234
management
Board Heiko Beck, Chairman
Thomas Klanten
Markus Neukirch
Supervisory board Thomas Ullrich, Chairman
Klaus Tiedeken, Deputy Chairman

As a transaction bank, Deutsche WertpapierService Bank AG (dwpbank) handles securities processing for financial institutions from the savings and cooperative sectors, but also from the private and commercial banking sector. Dwpbank currently manages around 4.8 million securities accounts.

history

The dwpbank in its current form was created on August 4, 2003 from the merger between Bank for Securities Service and Systems AG, Frankfurt (bws bank) and WPS WertpapierService Bank AG, Düsseldorf (WPS Bank). The predecessor institutes started as pioneers in transaction banking in mid-1998. When it was founded, the company shares were divided between the Sparkassenverband Westfalen-Lippe , Münster with 25%, the Rheinische SGV , Düsseldorf with 25%, the DZ Bank , Frankfurt with 40% and the WGZ-Bank , Düsseldorf with 10%. The ownership structure was thus divided equally between the Volksbank and Sparkasse group. However, the ownership structure is open to other owners.

In March 2007 dwpbank expanded with the acquisition of TxB Transaktionsbank GmbH. TxB, initially continued as a wholly-owned subsidiary in the "dwpbank Group", was merged with dwpbank on August 25, 2008.

In 2017, dwp Service GmbH was founded as a 100% subsidiary based in Halle (Saale) , which provides dwpbank customers with 84 employees in the back office area. Dwpbank also owns 100% of dwp Software Kft, based in Budapest , which is responsible for software development and IT consulting with its 35 employees.

Shareholder

The subscribed capital is divided into:

  • 50% DZ Bank
  • 20% savings bank association Westphalia-Lippe
  • 20% Rheinischer Sparkassen- und Giroverband
  • 3.74501% BayernLB
  • 3.74499% Landesbank Hessen-Thüringen
  • 2.51% HSH Nordbank

The WGZ-Bank involved in the founding had meanwhile sold its 10% stake to DZ Bank .

organs

Board

Headquarters at Wildunger Strasse 14 in Frankfurt

Since January 1, 2016, Heiko Beck (Department for Corporate Control and Customer Management), Thomas Klanten (Department for IT and Finance and Risk Management) and Markus Neukirch (Department for Operations) have been the board of dwpbank. Heiko Beck was appointed CEO on January 1, 2016. On February 1, 2017, Markus Neukirch became a member of the board, succeeding Christian Tonnesen. Klanten, previously General Manager and has been in the management of dwpbank since it was founded, was appointed to the Board of Management on November 28, 2013; Tonnesen came from HSH Nordbank on November 1, 2011. Simultaneously on November 28, 2013, the previous chairman of the board, Markus Walch, and the sales director Karl-Martin im Brahm left the company. Walch was a member of the Management Board since October 2011 (previously DAB Bank) and Chairman from January 1, 2012; im Brahm (previously S-Broker) has been a member of the board since December 2007.

Since the company was founded in 2003, the Management Board has been headed by Ralf Gissel, who was responsible for the corporate management department and who surprisingly left dwpbank on April 6, 2011. Sören Christensen, the deputy chairman of the board of directors who had also been in charge since the company was founded, retired from the board on December 31, 2011 due to old age.

Supervisory board

Since June 24, 2013, two-thirds of the dwpbank's Supervisory Board has consisted of shareholder representatives and one third of employee representatives . It has a total of 15 members.

dwpbank - Düsseldorf office

Locations

The head office is in Frankfurt am Main , the bank also has branches in the following locations:

Customers

The bank supports financial institutions from all three pillars of the German banking industry . It looks after a central bank ( DZ Bank ) with 902 affiliated credit unions, 352 savings banks from 16 federal states, five state banks ( BayernLB , HSH Nordbank , Helaba , Norddeutsche Landesbank and SaarLB ) as well as 24 institutes from the private and commercial banking sector, etc. a. Postbank , Santander Consumer Bank and Deutsche Kreditbank .

From the major customer Dresdner Bank AG, who switched to the dwpbank system in the first half of 2007, the end customer accounts were "de-migrated" to the new owner Commerzbank in April 2011. Commerzbank remains a dwpbank customer with custody accounts for large customers.

business development

2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007
Depots (in millions) 4.7 4.8 5.0 5.2 5.3 5.3 5.5 5.9 7.5 7.8 8.3 8.6
Transactions (in millions) 26.3 24.4 22.7 24.0 20.9 21.2 19.4 25.4 28.5 28.8 39.8 50.0
Securities portfolio (in € billion) 2,362 1,909 1,793 1,773 1,778 2,022 1,777 1,634 1,907
Net income for the year (in € million) 17.1 22.1 8.7 11.1 1.1 4.2 0.4 16.2
Balance sheet total (in € million) 526.8 952.9 582.5 473.6 455.0 568.2 549.9 704.0
Affiliated institutes 1,288 1,344 1,420 1,482 1,511 1,468 1,475 1,504
Employee 1,234 1,265 1,319 1,350 1,464 1,509 1,594 1,689

(As of end of 2018)

Securities settlement systems

Dwpbank operates the WP2 securities settlement system , which is reported to have "around 230,000" users. By the end of 2010, various other accounting systems were consolidated on the "central IT platform WP2". The WVS accounting program was consolidated up to 2010, the BSV as early as 2007. The Dresdner Bank CP chain system was consolidated in 2007. The TxB WIS and EWS PLUS systems were converted to WP2 in 2007 ( EWS PLUS ) and 2010 ( WIS ).

BOSC services

As a further task, dwpbank can take over the entire securities back office work of various clients if so desired.

literature

  • Customer magazine "transact! On"

Web links

Individual evidence

  1. ↑ a b Master data of the credit institute at the Deutsche Bundesbank
  2. ↑ Annual Report 2018, pp. 32 and 45
  3. ↑ a b Annual Report 2018
  4. ↑ Annual Report 2018, p. 25
  5. ↑ Annual Report 2018, p. 52
  6. ↑ EQS Group AG, Munich, Germany: dwpbank complements the Management Board team on January 1, 2016 - Heiko Beck takes over the role of CEO - dgap.de. In: www.dgap.de. Retrieved July 18, 2016 .
  7. ↑ dgap.de
  8. ↑ Annual Report 2018, p. 56
  9. ↑ Annual Report 2018, p. 32
  10. ↑ Annual Report 2018, pp. 27 and 28
  11. ↑ dwpbank - publications

Coordinates: 50 ° 7 ′ 21.6 ″  N , 8 ° 39 ′ 0.6 ″  E