flatexDEGIRO AG: Successful merger of DeGiro B.V. into flate

flatexDEGIRO AG: Successful merger of DeGiro B.V. into flatexDEGIRO Bank AG


flatexDEGIRO AG: Successful merger of DeGiro B.V. into flatexDEGIRO Bank AG
DGAP-News: flatexDEGIRO AG
/ Key word(s): Miscellaneous
11.05.2021 / 12:30
Corporate News / Frankfurt/Main, 11 May 2021
Successful merger of DeGiro B.V. into flatexDEGIRO Bank AG
- Legal merger simplifies Group structures, reduces complexity and costs
- Strengthened branch management team to further accelerate international growth
- DEGIRO customers will benefit from new product and service offers launched in H2 2021
- Significant upside to annual EUR 30m+ synergy guidance expected in the medium term
- "Vision 2025" under review due to the Group's excellent operating performance
Frankfurt/Main - flatexDEGIRO AG (WKN: FTG111, ISIN: DE000FTG1111, Ticker: FTK.GR), Europe's largest retail online broker has successfully finalized the legal merger of its subsidiaries DeGiro B.V. and flatexDEGIRO Bank AG and further strengthens the DEGIRO leadership team. In addition to his current role as Group CFO, Muhamad Chahrour, will join the branch management, becoming CEO of DEGIRO. Stephan Simmang, currently Co-Head IT of DEGIRO, and Frans Kuijlaars, currently Country Manager in the Netherlands, will be appointed additional branch managers. Esmond Berkhout and Peter Verberne will leave the Company. With the new team, simplified structures, continued operational tailwind and new customer offerings, the Company is very well positioned to significantly exceed the original synergy expectation in the medium term.

Related Keywords

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