DAB über uns

Corporate Communications vom 15.11.2006

Munich, 29.01.2007

<h2>DAB bank to acquire a majority interest in SRQ FinanzPartner AG</h2> <h1>Munich, 29.01.2007</h1> <div class="editor"> <p>DAB bank expands its offering of advisory services for individual investors.<br> <br> <strong>Munich, 15.11.2006</strong><br> <br> DAB bank AG will acquire a majority interest in SRQ FinanzPartner AG (SRQ), one of Germany's fastest-growing financial advisory firms. The Munich-based direct bank will acquire 52.52% of SRQ's equity. The stock purchase, which is subject to the approval of the supervisory authorities, was completed on the occasion of the special general meeting of SRQ shareholders. The parties have agreed not to disclose the purchase price.<br> <br> "One third of our individual investors have a need for personalized, independent financial advice and almost half of them are already receiving it," said Jens Hagemann of the DAB bank Management Board. "The acquisition of a majority interest in SRQ will give our customers assured, long-term access to the skilled, independent financial advice of one of Germany's most successful asset management advisory firms. At the same time, we have established a permanent foothold in this growing segment." Since it was founded in 2003, SRQ has opened 4,237 securities accounts with customer assets of &not;582 million (as of September 30, 2006).<br> <br> DAB bank and SRQ have been cooperating for three years now. SRQ has been advising DAB bank's individual investor customers since mid-2005. SRQ's roughly 80 advisors, who operate throughout Germany, are all trained bankers with many years of professional experience. Because SRQ continues to acquire new customers in the market besides serving its existing customers, the Munich-based direct bank anticipates that its partnership with SRQ will bring in new customers for DAB bank as well.</p> </div> <div class="editor"> <p>"Our fast-growing advisory business makes a perfect fit with DAB bank's position as the leading direct bank for securities- related services," said Claus Quahl, Chairman of the Management Board of SRQ FinanzPartner AG. "Both our companies place a premium on independence and objectivity in their offerings. We are very pleased to be working even more closely with DAB bank in the future."</p> </div> <h1>About DAB bank</h1> <div class="editor"> <p>DAB bank AG (www.dab-bank.de) is the No. 1 direct bank for securities-related services in Germany and Austria. It serves both individual investors and business customers. At the end of the third quarter of 2006, the DAB bank Group had a total of 993.735 securities accounts and customer assets of &not;27.68 billion. DAB bank, which is based in Munich, was founded in 1994 as Germany's first discount broker.</p> </div> <h1>About SRQ</h1> <div class="editor"> <p>SRQ FinanzPartner AG (www.srq.de), an independent provider of financial services licensed by the Federal Financial Services Supervisory Authority (BaFin), operates a modern business model that revolves around the provision of asset management and securities-related advisory services in the mobile private banking market. As of September 30, 2006, it had 4,237 securities accounts throughout Germany, with customer assets of &not;582 million. The Berlin-based firm gives private bankers the chance to embark on a successful career as independent financial consultant.</p> </div>
Seite 65/80

IR international


Information on the takeover offer of BNP Paribas Beteiligungsholding AG

More Information

BIC: DABBDEMMXXX | Bankleitzahl (BLZ): 701 204 00

Seite drucken Weiterleiten