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Baader Bank gains Sparkasse Bremen as a client for account-holding and depository services for online asset management Smavesto

DGAP-News: Baader Bank AG / Key word(s): Alliance

13.02.2019 / 16:38
The issuer is solely responsible for the content of this announcement.


Press release:

Baader Bank gains Sparkasse Bremen as a client for account-holding and depository services for online asset management Smavesto

Unterschleißheim, 13/02/2019: Baader Bank has become the account-holding and depository bank for the online asset management service Smavesto. Smavesto offers its existing and new clients an individualised and cost-effective online asset management service. Baader Bank is thus further expanding its position as a leading service provider for digital asset managers and banks. It offers Smavesto and its clients the seamless and fully automated mapping of all asset management processes, from order processing and a number of market access types to account-holding and depository functions for clients. In Smavesto, we have gained another valuable partner representing an excellent addition to our fast-growing partnerships with (inter)national banks.

"Baader Bank is a good match for Smavesto due to its innovative and digital positioning. We have long been looking for a depository bank that would enable us to offer clients our fully digitalised product and all that along with first-class securities trading. Together with Baader Bank, we can now offer an uncomplicated, low-cost online asset management service, starting with a deposit of 1,000 euros or a monthly savings plan of 50 euros", said Thomas Fürst, member of the Management Board of Sparkasse Bremen.

In addition to fully digital account opening via Baader Bank, Smavesto (a subsidiary of the savings bank Sparkasse Bremen) uses ETFs for asset management. Baader Bank also makes it technically possible for data such as individual positions or performance to be output using the Smavesto app.

"We are delighted to be able to support another banking partner in the development of an innovative online asset management system," explained Oliver Riedel, member of the Baader Bank Board of Directors. "The decision by Smavesto to cooperate with Baader Bank clearly shows the trend towards outsourcing. As a result, it strengthens the expansion of the Banking Services business field and is of high strategic importance for Baader Bank. As a modern service provider for traditional and digital asset managers and banks, we offer the entire product range with the goal of added growth in the securities account business", continued Oliver Riedel.

Further information is available from:

Baader Bank AG
Weihenstephaner Strasse 4
85716 Unterschleissheim, Germany

Katharina Ariane Beyersdorfer
Company Spokesperson
Head of Group Communication

T +49 89 5150 1016
F +49 89 5150 291016
M +49 172 6659 389

katharina.beyersdorfer@baaderbank.de


About Baader Bank AG:

Baader Bank is the bank for the capital market. It allows its clients to access international capital markets and to invest in financial products in an effective, efficient and secure manner. The bank uses the latest innovations in the banking industry for products, processes and technology to generate added value for its clients. As a family-run, full-service bank with its headquarters in Unterschleissheim near Munich with 450 employees, it is active in the business lines of Market Making, Capital Markets, Multi Asset Brokerage, Asset Management Services, Banking Services and Research.

In the Banking Services business, Baader Bank is the leading service provider for fintechs, robo-advisors and traditional asset managers across all asset classes.

Further information can also be found online:

Company website: www.baaderbank.de
Twitter: https://twitter.com/Baader_Bank
LinkedIn: https://www.linkedin.com/company/98924/
Xing: https://www.xing.com/companies/baaderbankag?sc_o=da980_e
YouTube: https://www.youtube.com/channel/UCDJ7PGKWwtafrPSFDI3nmsQ



13.02.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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