28.02.2017
JDC Group AG DE000A0B9N37
DGAP-News: JDC Group AG: JDC Group AG expands Management Board
DGAP-News: JDC Group AG / Key word(s): Change of Personnel
JDC Group AG: JDC Group AG expands Management Board
28.02.2017 / 08:00
The issuer is solely responsible for the content of this announcement.
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Google Manager Stefan Bachmann makes a move to join the Board of JDC Group
- Google's Fintech Industry lead takes on newly created position of Chief
Digital Officer at JDC
- Seeking market dominance in the industry segment Insurtech
- Strategic advancements of JDC's comparison platform "Geld.de" and the
digital wallet "allesmeins"
JDC Group, the leading "advisortech" company in Europe, garners one of
Germany's top experts for financial technology ("Fintech") and digital
transformation in banking for their Board of Directors. Previously, Stefan
Bachmann's (30) role was Finance & Fintech Industry Manager for Google
Germany. For six years he was - in various functions and positions - in
charge of advising and consulting finance industry customers and in his
latest role, he was the head of Google's German Fintech Program.
As they had already announced, JDC intends to expand their Insurtech
smartphone app to become the leading management tool for insurances and
financial investments on the customer's mobile phone, and further, to
perspectively join it together with the comparison platform "Geld.de",
which they had acquired in mid-2016. This way, "Geld.de" is scheduled to
become the 'robo advisor', transcending asset classes, i.e. becoming a
fully automated online advisory tool for the everyday consumer. And not
only for the capital investment market, but - which is quite unprecedented
in Germany - for the insurance business as well.
It is one of Stefan Bachmann's chief co-responsibilities to drive this
development and to expand JDC to transform into the leading Insurtech
company in Germany. And the customer basis is quite impressive: between
Germany, Austria and Eastern Europe, there are some 1.2 million customers
and in excess of 16,000 pertaining financial advisors.
"We are proud that we were able to convince Stefan Bachmann to join JDC's
Board", JDC's CEO Dr Sebastian Grabmaier excitedly comments on the deal.
"With his know-how in the online industry, Stefan will complement the JDC
Board of Directors just perfectly: As far as the back office is concerned,
we are already ahead of the game when it comes to digitizing and process
optimization and we are in a position to garner large clients for our
platform. Now Stefan brings all his experience and competence for
additional digitization of the customer interface, which we will need for
the strategic further development of "allesmeins" and "Geld.de"."
"While many of the Insurtech start-ups struggle to garner new clients and
their expansion is more or less idle, JDC offers the ideal combination of
platform and network for a swift implementation of Insurtech innovations
within the insurance and capital investment market." Stefan Bachmann
explains "Just by the sheer number of linked up brokers and intermediaries
alone, JDC - in my opinion - is able to reach the point-of-sale much
quicker and cheaper than any other platform out there, and it has the best
prerequisites to become the market leader. The strong positioning was a big
selling point for me to accept this exciting task and help JDC to further
their current development of a market leading Fintech strategy to become a
total success."
You can find more information about JDC Group AG at www.jdcgroup.de.
Contact
Ingo Middelmenne
Head of Investor Relations
JDC Group AG
Telephone: +49 611 3353 514
E-Mail: [email protected]
About JDC Group AG
JDC Group AG (ISIN: DE000A0B9N37) stands for modern financial advice and
intelligent financial technology for advisors and customers. In the
"Advisortech" business unit, we provide our customers and advisors with
modern advisory and administration technology using the Jung, DMS & Cie.
Groups. While many sales and distribution partners perceive the
technological transformation as a problem and the young Fintech companies
as the new competitors, we perceive the "technology" factor to be a great
opportunity. Solutions from the "Advisortech" business unit will help
advisors in the future to take even better care of their customers and
generate increased sales in their earnings. In the "Advisory" segment, we
convey financial products to private end customers via free advisors,
brokers and financial distributors using the FiNUM Group. With over 16,000
connected sales partners, around 1,200,000 end customers, a portfolio of
more than EUR 4.5 billion and around EUR 1.4 billion in product sales each
year, we are one of the market leaders in the German-speaking area.
About Stefan Bachmann
Stefan Bachmann has had shared responsibility for more than six years at
Google for the German financial business and had a major impact in the
strategic consulting towards the digital transformation of the leading
banks in Germany. His latest task included the push for a tighter
collaboration between Google and the German Fintech industry and he is
considered an expert in Customer Journey Attribution and Programmatic
Audience Buying.
Before joining Google and after his studies in Economics & Finance in
Frankfurt, Boston, and London, and after getting his feet wet at Lufthansa
Corporate Finance and the Deutsche Asset & Wealth Management, he founded
his own company in the online retail sector.
Disclaimer:
Members of the Management Board of JDC Group AG hold material shareholdings
in JDC Group AG and thus have proprietary interests in the nature and
contents of the information provided in this notification.
Contact:
JDC Group AG
Ingo Middelmenne
Investor Relations
Phone: +49 611 33 53 514
Fax: +49 611 33 53 2514
Email: [email protected]
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