German financial sector anticipates wave of insolvencies and accelerated branch closures due to pandemic.
The financial centre initiative Frankfurt Main Finance e. V. welcomed three new members at the turn of the year. The international law firm 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.
The initiatives of majorGerman financial centres founded the GERMANY FINANCE working group at the beginning of 2021. The participating organisations have thus initiated a joint platform to further promote the continuous exchange among each other and to provide a central point of contact for people from Germany and abroad who are interested in Germany as a financial centre.
The Executive Committee of Frankfurt Main Finance elected Gerhard Wiesheu as President of the financial centre initiative for the next two years.