Munich, 27 May 2021. Scalable Capital, neo-broker and Europe's largest digital wealth manager, has appointed Dirk Urmoneit as Chief Strategy Officer, effective June 1, 2021. The capital markets specialist will further accelerate Scalable Capital's growth, particularly in neo-brokerage. In addition, Urmoneit will dedicate himself to the further development of existing as well as new business areas around technology-based investing.
Before joining Scalable Capital, Dirk Urmoneit held senior positions at index provider Solactive AG as well as at investment banks J.P. Morgan in London and Goldman Sachs. He will join the management board alongside founders Erik Podzuweit and Florian Prucker as well as CFO Martin Krebs. The expansion of the board underlines the company's growth, which currently has more than a quarter of a million customers and over 4 billion Euros in assets on the platform.
"Dirk is an expert in brokerage, trading platforms and investment products," says Erik Podzuweit, Co-Founder and Managing Director of Scalable Capital. "He has spent years leading technology-based projects for several U.S. investment banks and developing new offerings. In his new role, he will be crucial in driving Scalable Capital towards becoming the most relevant digital platform for brokerage and digital wealth management."
"Scalable Capital is already performing well in brokerage – with a rapidly growing number of customers, a spot-on offering and an experienced team," says Dirk Urmoneit. "I share the belief that technology-based investing should be accessible and affordable for everyone. As part of the team, I am looking forward to driving innovative ideas for the brokerage business, further developing the products on the platform and exploring new business areas."
Dirk Urmoneit joins from Solactive AG, one of the leading index providers, where he spent three years as Chief Operating Officer in charge of technology and operations. Prior to that, he was Managing Director at J.P. Morgan in London, where he was responsible for trading exchange-traded products in Europe, the Middle East and Africa, as well as for developing a trading platform for the company. Prior to that, he worked at Goldman Sachs for 16 years in various leadership roles, including Head of Trading for the Private Investor Products Group (PIPG) as Managing Director.
About Scalable Capital
Scalable Capital is a leading fintech in Europe bringing together people and technology-based investing. For private individuals, Scalable Capital offers digital wealth management, a broker with trading flat rate, as well as overnight and time deposit offers. In digital wealth management, the company creates and manages globally diversified ETF portfolios for its clients with, if desired, sustainable investment strategies. The broker enables private individuals to trade shares, ETFs and funds themselves and to set up ETF savings plans. For short- and medium-term investment without capital market risk, the company offers attractively priced overnight and time deposit offers.
For B2B partners, Scalable Capital develops solutions for digital investment. Partners include the direct bank ING, the British Barclays Bank, Siemens Private Finance, the digital subsidiary of the Santander Group Openbank, Oskar GmbH and Targobank.
The company was founded in 2014 by Erik Podzuweit, Florian Prucker, Adam French (each of whom most recently worked for Goldman Sachs) and Professor Dr. Stefan Mittnik (Chair of Financial Econometrics and Director of the Center for Quantitative Risk Analysis at Ludwig Maximilian University in Munich). It now employs more than 230 people at its offices in Munich, Berlin and London and has more than €4 billion on its platform. Scalable Capital's shareholders include BlackRock, HV Capital and Tengelmann Ventures. Scalable Capital Vermögensverwaltung GmbH is a BaFin-regulated financial services institution under Section 32 of the German Banking Act (KWG); Scalable Capital Limited is regulated in the UK by the Financial Conduct Authority (FCA).
For more information, please visit: www.scalable.capital
Head of Communications
Finsbury Glover Hering