At home in Europe – FMF and Eintracht welcome Frankfurt’s newest banks

It was a successful welcome event! On November 29, 2018, two Frankfurt traditions, football and finance, joined to welcome representatives from the financial centre’s newest banks relocating to Frankfurt due to Brexit. Eintracht Frankfurt and Frankfurt Main Finance invited guests to enjoy a reception before the UEFA Europe League match against Olympia Marseille in Frankfurt’s Commerzbank Arena. Eintracht defeated Marseille 4:0. The evening was sponsored by Deutsche Börse Group, Bankenverband Hessen, Drooms, and White & Case LLP. Also, welcoming newcomers were representatives of the financial centre’s community who helped to answer any questions from their corner of the ecosystem. Naturally, for some the evening also served as a perfect introduction to one of Germany’s favourite past times and most discussed topics – football.

In his opening remarks, Axel Hellmann, Member of the Executive Board, Eintracht Frankfurt Fußball AG, emphasised the importance of Europe coming to Frankfurt. With the slogan Zuhause in Europa, or At home in Europe, Eintracht Frankfurt returned in 2018/19 to compete on an international stage in the UEFA Europa League. “The international composition of the City of Frankfurt is mirrored in the diversity and openness of our club, our team and our members. Eintracht Frankfurt is the club of the financial centre and we can offer newcomers to this city a platform where they can quickly connect with their peers in a friendly environment, such as tonight’s match,” said Axel Hellmann.

Axel Hellmann, Member of the Executive Board, Eintracht Frankfurt Fußball AG

However, Eintracht’s fans haven’t been the only ones traveling Europe in support of their team. Frankfurt Main Finance and its partners have been hard at work since 2016 to promote the Financial Centre Frankfurt and explain to firms why it is their destination of choice for a new home in the Eurozone. In fact, some 30 banks and financial services firms have, as a result of Brexit, chosen to establish their European hub in the Financial Centre Frankfurt. “We very much welcome the banks’ decisions to relocate their business to Frankfurt and wish all newcomers a warm welcome to the Financial Centre Frankfurt. FMF would like to make their entry into Frankfurt as easy as possible. The evening was a great opportunity to do so. And Eintracht has contributed their part to a successful event,” explained Hubertus Väth, Managing Director of Frankfurt Main Finance.

FMF's Managing Director Hubertus Väth welcomes banks relocating to Frankfurt due to Brexit. c: Eintracht Frankfurt Fußball AG

FMF’s Managing Director Hubertus Väth welcomes banks relocating to Frankfurt due to Brexit. Copyright: Eintracht Frankfurt Fußball AG

The unique, electric atmosphere of match-day in the Commerzbank Arena quickly became clear for guests before kick-off as the Eintracht fans orchestrated a rousing choreography to welcome their team to the pitch. Eintracht’s Luka Jovic set the tone scoring in the first minute and Eintracht’s offensive attack did not let up forcing two own goals (Gustavo 16’, Sarr 63’). In minute 67, Jovic capitalised on a pass from Sebastian Haller to score his fifth goal of the Europa League campaign making the final score a cool 4-0 for Frankfurt. Undefeated in Europa League competition, Eintracht clinched the top spot in Group H and will progress to the knockout phase.