Media
Fondsdepot Bank wins Invers GmbH as new distribution partner
14 Apr 2008
Hof/Leipzig, 14 April 2008 – Fondsdepot Bank has won Invers GmbH as a new distribution partner. The Leipzig insurance pool has recently signed an agreement with the Hof-based financial services provider in the area of retail investment account management. Thus, the more than 4,000 partners of Invers can now use Fondsdepot Bank's alternative fund platform for investment account administration.
"We are delighted to team up with a well-known distribution partner such as Invers GmbH", Mike Margetts, member of Fondsdepot Bank's management board, comments. "This shows that we are pursuing the right strategy by combining advisory services, processing and customer care. We do not only offer the usual standard of today's platforms, but take a major step forward in the support of financial advisors." This partnership also underpins Fondsdepot Bank's strategic goal to strengthen and grow its position as the high-capacity, neutral provider in retail investment account management and to generate third-party business for Fondsdepot Bank's platform.
According to Uwe Bartsch, Managing Director of Invers Group, Fondsdepot Bank's broad service portfolio has been a crucial factor in deciding in favour of this financial services provider. "We have been convinced by the high levels of quality and service as well as the good conditions of the service offerings", he adds.
About Fondsdepot Bank
Fondsdepot Bank GmbH which emerged from GKS Gesellschaft für Kontenservice in 2003, is now under operational control of Xchanging, a fast-growing international pure-play BPO company. It provides retail portfolio management and administration services on an open fund platform to investment companies, distribution companies, banks and other businesses. With some 1.3 million active securities accounts and an asset volume under management approaching to € 19.2 bn, Fondsdepot Bank is one of the leading providers in the area of retail investment account management in Germany and offers its customers a portfolio adding up to some 6,500 public funds of more than 150 investment companies. Fondsdepot Bank which employs more than 400 staff, is regulated by the Bundesbank and BaFin, and has a partial banking licence.
About Xchanging
Xchanging is a fast-growing international, pure play business process outsourcing (BPO) company with blue-chip customers. Xchanging provides complex industry specific processing to the banking and insurance industries and procurement, finance and accounting, and human resources services to customers across industries.
About Invers GmbH
Founded in 1986, Invers GmbH focusses on supporting insurance brokers. With more than 4,000 partners, Invers GmbH is one of Germany's largest broker services company in the insurance sector.
Press Contact
Xchanging
Claudia Behr
Manager Public Relations
Wilhelm-Fay-Str. 31-37
65936 Frankfurt
Telefon: +49 (0)69 12012 60137
Fax: +49 (0)69 12012 60060
Email: claudia.behr@xchanging.com
Web: www.xchanging.com