Fund deposit bank

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  Fondsdepot Bank GmbH
logo
Country GermanyGermany Germany
Seat Hof (Saale)
legal form GmbH
Bank code 773 222 00
BIC FODB DE77 XXX
founding 1993 (as GKS Gesellschaft für Kontenservice mbH)
Website www.fondsdepotbank.de
Business data 2017
Total assets € 187 million
insoles € 95 million
Customer credit € 25 million
Employee 402
management
Corporate management

Sebastian Henrichs
Sabine Dittmann-Stenger

The fund custodian GmbH is a German bank based in Hof (Saale) . The Fondsdepot Bank offers the handling of administrative activities for investment custody accounts. The company is a subsidiary of the American IT consulting and service group DXC Technology .

history

In 1993 the company was founded as GKS Gesellschaft für Kontenservice. After receiving the partial banking license in 2003, the name was changed to Fondsdepot Bank. In May 2009 the Munich FondsServiceBank (FSB) was integrated into the company. The Fondsdepot Bank took over all sales partner contracts as well as the total of around 460,000 customer contracts of the FondsServiceBank for the safekeeping and administration of investment fund custody accounts. At the beginning of 2010, Fondsdepot Bank took over the B2B investment account business for SEB Bank and SEB Asset Management. In 2010, the banking license was also expanded to become a full bank. In 2014, Xchanging took over the company. Funddepot Bank has been part of the American IT service group DXC Technology, the merger of Computer Sciences Corporation (CSC) and Hewlett Packard Enterprise (HPE), since April 2017. A cooperation agreement was signed with Axa Germany in December 2019. In the future, the Fondsdepot Bank should provide the platform for the direct investment business of Axa Germany. Since the company was founded, the main and processing location has been in the Franconian town of Hof. There are also offices in Aschheim / Dornach near Munich and Eschborn near Frankfurt / Main.

Companies

As the largest fund platform in free distribution in Germany, the company connects investment managers and independent sales partners: Independent of banks and asset managers, it offers over 180 sales partners access to investment solutions from a wide variety of investment companies as well as the safekeeping of their customers' portfolios in custody accounts. As the largest liability umbrella in Germany, the Fondsdepot Bank also provides the legal, technical and organizational framework for advising and brokering shares in investment funds and asset management products. It manages around one million investment accounts with a volume of around 40 billion euros in assets under administration. The aim of Fondsdepot Bank is to give end customers access to a fund universe. Fondsdepot Bank offers investment companies the opportunity to offer their fund products to a wide range of sales partners and end customers. The company is a subsidiary of the American IT consulting and service group DXC Technology.

Business model

The fund platform acts as a business-to-business-to-customer provider (B2B2C). Product deals are only possible through cooperating sales organizations and their affiliated agents. It is not possible for private customers to take out direct contracts with Fondsdepot Bank.

Web links

Individual evidence

  1. ↑ a b Master data of the credit institute at the Deutsche Bundesbank
  2. ↑ [1]
  3. ↑ [], Axa is reorganizing its banking business, Frankfurter Allgemeine Zeitung, December 12, 2019 issue
  4. ↑ a b Fondsdepotbank: About us , on the website; Accessed April 1, 2020
  5. ↑ [2] , accessed April 1, 2020
  6. ↑ [], Exclusive analysis: Germany's largest liability umbrella, Fund professionell issue 4/2019 from January 3, 2020
  7. ↑ [3] , accessed April 1, 2020
  8. ↑ [4] , accessed April 1, 2020
  9. ↑ [5] , accessed April 1, 2020

Coordinates: 50 ° 19 ′ 8.2 ″  N , 11 ° 54 ′ 27.1 ″  E