Rolf Richter has left the Supervisory Board for personal reasons, effective at the end of 2014. He had supported the company as a member of the Supervisory Board since our establishment and has contributed significantly to our successful development. Franz Baur has now been appointed to the Supervisory Board. He has extensive experience in the field of financial technology and banks. Franz Baur had been Chief Technology Officer at HypoVereinsbank (Unicredit) and Cortal Consors (BNP Paribas). Werner Engelhardt was also elected Chairman of the Supervisory Board.
At today’s annual general meeting Dr. Dr. Ernst zur Linden resigned from the supervisory board of financial.com. At the age of 70 Ernst zur Linden wants more time for his family.
He has been a member of the supervisory board since 2000. Both the members of the supervisory board and the management team of financial.com are very grateful for his contributions to the development of financial.com.
His place is taken by Werner Engelhardt who has been a major investor in financial.com since 2001. Rolf Richter continues to lead the supervisory board as the chairperson. Eric Wasescha has been selected deputy chairman.
The founding shareholders Christina Brandl and Christian Hampp are leaving the company in order to pursue a business idea in the field of betting which, although close to financial.com’s business from a technical perspective, is very different in terms of regulatory issues.
Both founders have significantly contributed to the success of financial.com. They sold their shares to existing shareholders and employees. We are especially thankful to Christian as, due to his efforts, the company owns the top level domain name. OnVista also sold their stake in the same transaction.
OnVista, the the leading financial portal for retail investors in Germany with headquarters in Cologne, aquires a 10% stake in financial.com. While OnVista will focus on marketing its portal to more investors, financial.com will develop and run innovative tools for analytics.
The investment amounts to 3 million DM and comes as a capital increase. Because of the IPO on 28 February 2000 OnVista recently increased their cash by 82,78 million DM. The equity story of OnVista is similar to financial.com’s strategy – internationalization and enhancement of the data across asset classes.
Christina Brandl, Christian Hampp, Matthias Wiederwach and Alexis Eisenhofer are the founding shareholders of financial.com AG, a Munich based software company with a focus on delivering financial information to retail investors.
The company runs the portal www.optionsscheine.de where self-directed investors can find real-time information (Greeks) on derivatives. Currently there is only one monthly magazine (Optionsschein-Magazin) where people can find this kind of data. Because of the volatile derivatives markets most of this information is old and already worthless by the time the magazine is printed. The need for speedy delivery of this information is the basis for setting up this web site.
Goldman Sachs, Société Générale and UniCredit are the first customers for the ad-supported business model. The company plans to grow the business both internationally and across asset classes on www.financial.com.