Why is FNZ Group selling its German bank?

FNZ Group is considering selling FNZ Bank Deutschland as part of a strategic focus on core wealth platform capabilities and divesting non-aligned assets.

What is the reported sale price for FNZ Bank Deutschland?

FNZ Group is reportedly considering selling its German custody banking subsidiary for up to €500 million.

Who is Blythe Masters, and what is her role at FNZ?

Blythe Masters is the CEO of FNZ Group, having succeeded the founder last year, and is implementing a new strategy to streamline operations.

Home / Business and Economy / FNZ Eyes €500M Sale of German Bank Unit

FNZ Eyes €500M Sale of German Bank Unit

26 Nov

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Summary

FNZ Group is exploring the sale of its German subsidiary for up to €500m.
The subsidiary was acquired from Commerzbank in 2019 for €154m.
The potential sale aligns with CEO Blythe Masters' strategy shift.

FNZ Group is reportedly exploring the potential sale of its German custody banking subsidiary, FNZ Bank Deutschland, with a valuation of up to €500 million. The digital wealth management firm has reportedly engaged advisers to explore this early-stage transaction.

This German unit, previously known as ebase, was acquired by FNZ from Commerzbank in 2019 for €154 million and currently oversees approximately €140 billion in assets. The potential divestment signifies a strategic shift under CEO Blythe Masters, who succeeded FNZ founder Adrian Durham last year.

Masters has indicated a focus on divesting assets that require significant regulatory capital or do not align with the company's core wealth management platform. This strategic re-evaluation aims to prioritize profitable growth and streamline operations for the company, which was valued at $20 billion in 2022.

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