Frankfurt is by far Germany s most significant banking and regulatory center, but it still has room for expansion on the international scale. The metropolis at the river Main holds a special position when it comes to banking employment. Contrary to the nationwide trend of job reductions in the industry, Frankfurt is adding positions overall.
Alexander & Partner Rechtsanwälte mbB, the IT service provider SIA, which focuses on the financial sector, and Standard Chartered Bank AG have all come on board as supporting members. As a founding member of Frankfurt Main Finance, Morgan Stanley will continue to actively support the initiative through its new Frankfurt-based company for the EU 27 countries, Morgan Stanley Europe SE. With their membership, the companies from the financial industry and the emerging FinTech sector demonstrate their affiliation with the financial centre, address current financial sector topics, and work towards increasing the national and international importance of the Frankfurt am Main financial centre and the Rhine-Main region in general.
Germany s Universal-Investment enters Irish ManCo market Dec 17, 2020 By Funds Europe German fund administrator Universal-Investment Group has acquired management company Metzler Ireland in a move to enter the Irish funds market, which is a beneficiary of growth in the provision of ‘ManCo’ services. The terms of the deal were not disclosed. The acquisition, which is still subject to regulatory approval, sees Universal-Investment creating a third servicing hub after Germany and Luxembourg. Universal-Investment and Metzler already have a large number of common clients for which they act as administrator and asset manager, respectively, and intend to cooperate on Irish fund launches. Universal-Investment had already taken over the fund pricing and legal reporting for around 300 mutual and institutional funds launched by Metzler Asset Management in Germany and Ireland with a volume totalling over €56 billion.