The global management consulting firm McKinsey joined FMF as a full member. DLA Piper, one of the world’s leading corporate law firms, the globally active rating agency Fitch Ratings and the association of “Sparda” banks are now on board as supporting members. In the Fintech Members segment, the Financial Centre Initiative is pleased to welcome one of the leading providers of ESG data worldwide ESG Book and Exaloan AG a leading technology provider for institutional investments in digital lending.
Through their involvement in the initiative, the representatives from politics, financial industry and the emerging FinTech sector express their close connection to the financial center. The members take up current topics in the financial sector and are committed to the steadily increasing national and international importance of the financial center Frankfurt am Main and the Rhine-Main region.
Gerhard Wiesheu, President of Frankfurt Main Finance: “We warmly welcome all our new members. The importance and attractiveness of Frankfurt as a financial centre and of FMF increases with every new member. The commitment of the members is an important sign of their attachment to the financial centre Frankfurt. The positive commitment of each individual member as well as of the Financial Centre Initiative is strengthened by the increasing network effects of our community. We look forward to future cooperation and an intensive personal exchange with all stakeholders.”
Max Floetotto McKinsey: “German banks are essential for the success of our economy, but today’s market environment demands more from them. To be able to shape their game with full strength and meet new expectations in today’s competitive marketplace, banks need a radical push for renewal. 7-8% after-tax return on equity is ambitious but achievable by 2030, given the returns of banks in other markets and those of some of the top German players. Performance at this level ultimately would transmit a positive signal to top talent, attract new investors, and help the banking sector improve its league table position internationally as well. Germany’s banks need a winning game plan and a strong financial center. I look forward to contributing to this in the Frankfurt Main Finance Initiative.”
Dr Wolfram Distler, Head of the German Finance, Projects & Restructuring Practice at DLA Piper: “The city of Frankfurt as a financial center is of exceptional importance for DLA Piper as one of the world’s leading law firms. We are looking forward to engage in a dynamic exchange with the other members as part of the Frankfurt Main Finance initiative in the future. It is also our ambition to contribute to the further strengthening of Frankfurt as a financial center and to promote Frankfurt as financial center in the legal market.”
Florian Rentsch, Chairman of the board of Directors of the Association of Sparda-Banks e.V.: Frankfurt is the German financial centre with its own philosophy, incredible attractive. For us, Frankfurt Main Finance has the task of bringing together the national and international community, representing it to the outside world. This is a huge opportunity for the financial sector and for the German economy. Together we can exploit its full potential.“
Matthias Huebner, Head of Germany and Global Head of ESG Book Solutions at ESG Book: “Sustainability is reshaping financial markets on a global scale and is the force that will also transform Frankfurt as a financial centre. As the global leader in ESG data, we see ourselves as an integral part of our local financial community and strongly support Frankfurt’s effort to become the city of sustainable finance.
Aude Hennino, Chief Financial Officer of Exaloan: “Exaloan was founded in Frankfurt as the city has great assets to offer to a fintech company, including numerous universities, a highly educated workforce, excellent travel connectivity, proximity to clients as well as a strong digital and financial infrastructure. Besides, the Rhein-Main region is very dynamic and offers an excellent quality of life.”
McKinsey is a global management consulting firm committed to helping organizations realize sustainable, inclusive growth. McKinsey works with clients across the private, public, and social sectors to solve complex problems and create positive change for all their stakeholders. McKinsey combines bold strategies and transformative technologies to help organizations innovate more sustainably, achieve lasting gains in performance, and build workforces that will thrive for this generation and the next. In Germany and Austria, McKinsey has offices in Berlin, Düsseldorf, Frankfurt am Main, Hamburg, Cologne, Munich, Stuttgart and Vienna. Worldwide, McKinsey teams work in more than 130 cities and over 65 countries. McKinsey was founded in 1926, the German office in 1964. Global Managing Partner is Bob Sternfels since July 2021. Managing Partner for Germany and Austria is Fabian Billing since March 2021.
DLA Piper is one of the world's leading law firms, with offices in over 40 countries in Africa, Asia, Australia, Europe, the Middle East and North and South America. In Germany, DLA Piper is represented by more than 250 lawyers at its offices in Frankfurt, Hamburg, Cologne and Munich. The Frankfurt office is the largest one, with around 90 lawyers. We support our clients in all areas of business law - locally as well as globally. In Germany, 29 of the DAX40 companies trust our advice.
Fitch Ratings is a leading provider of credit ratings, commentary and research. Dedicated to providing value beyond the rating through independent and prospective credit opinions, Fitch Ratings offers global perspectives shaped by strong local market experience and credit market expertise. Fitch Ratings is part of Fitch Group, a global leader in financial information services with operations in more than 30 countries.
The Association of Sparda-Banks (Verband der Sparda-Banken e.V.), located in Frankfurt am Main, is a cooperative auditing association for the eleven economically and legally independent Sparda-Banks and the group's external representative. With four million customers and 3,3 million members, the institutions are the most important retail banks in Germany.
ESG Book möchte die Finanzindustrie durch Nachhaltigkeit verändern, indem es ESG-Informationen zugänglich, vergleichbar und transparent macht. Die Lösungen des Unternehmens machen Nachhaltigkeitsdaten für alle Stakeholder zugänglich. ESG Book stellt unabhängig vom jeweiligen Rahmenwerk die ESG-Informationen in Echtzeit bereit, und ermöglicht es Unternehmen, ihre eigenen Daten zu verwalten. Somit fördert ESG Book die Transparenz durch seine digitale Plattform.
Exaloan is one of the leading technology providers for institutional investments in digital lending. Its mission is to close the global funding gap for individuals, entrepreneurs and SMEs by connecting institutional capital with digital lending platforms. By operating a global B2B marketplace, the company opens up digital lending as a new asset class. At the core of its business, Exaloan uses big data and machine learning to generate an independent real time credit score as well as dedicated insights and reporting for institutional investors, banks, and lending platform partners.
