FinTech company accelerates Europe-wide roll out

Max von Bismarck joins top-management of Deposit Solutions

Hamburg, April 12, 2016 – Deposit Solutions, the first open architecture platform for retail savings deposits and operator of ZINSPILOT, has strengthened its leadership team with Max von Bismarck as Chief Business Officer and Managing Director. Von Bismarck will work alongside founder Dr. Tim Sievers to support him with the international expansion of the firm across the European Union. This announcement follows the recent investment into Deposit Solutions of PayPal co-founder and early Facebook investor Peter Thiel.

“Our goal is to be the leading platform for the European retail deposit market and we are very excited, that we could win Max for our team. His broad leadership experience in international finance, his global perspective and his excellent network will help us to realize our vision,” says Dr. Tim Sievers, founder and CEO of Deposit Solutions. The Hamburg based FinTech company already partners with multiple banks across Europe and plans to integrate further international partners in the short term. Additionally, the Deposit Solutions retail brand ZINSPILOT, which markets savings offers listed on the platform directly to savers, is planning a Europe-wide rollout within the coming months.

Von Bismarck previously spent 4 years as Partner and CEO Europe for the global alternative investment firm SkyBridge Capital in New York and Zurich. Before that he was Director and Head of Investors at the World Economic Forum in Geneva and New York. While at SkyBridge Capital, von Bismarck was responsible for of SkyBridge´s operations and business development for its flagship fund of funds, seeding and hedge fund advisory services throughout Europe, the Middle East, Asia and Australia. During his time at the World Economic Forum (WEF), von Bismarck built and led an international team responsible for all global activities and relationships related to venture capital, private equity, hedge funds, institutional investors, family offices and sovereign funds. He was also responsible for WEF´s Global Agenda Council on “The Future of Long-Term Investing“ and was a trustee of the WEF USA retirement plan.

“As savers are increasingly struggling in the low interest rate environment today, Deposit Solutions and ZINSPILOT offer a unique solution for savers to access attractive interest rates and for banks to access efficient cross-border retail deposit funding. This is good for savers, good for banks and good for Europe as it creates a more efficient market and infrastructure for banks to get access to deposits for their growing credit business. I am thrilled to join a highly innovative FinTech company that is transforming the retail savings landscape in Europe“, says von Bismarck.

Von Bismarck holds a German law degree and an executive Masters in Global Leadership from the World Economic Forum (Program in collaboration with Wharton School of Business, Columbia University, INSEAD and London Business School). He also serves as an Advisor Europe to the Berggruen Institute and is a former Senior Advisor on Global Business at the Asia-Pacific Research Center of Stanford University.

About Deposit Solutions

Deposit Solutions GmbH is an innovative FinTech company operating the first open architecture platform for retail savings deposits in Europe. Since 2011 the Hamburg based company has already mediated deposits in excess of Euro 1 billion in different bto-b applications. Its proprietary technology allows banks seeking retail funding to list their savings offers on an open architecture platform. Other banks on the platform can market those offers directly to their own clients who can use them without having to open a new account at another bank. In addition, Deposit Solutions operates its own retail brand ZINSPILOT which markets select deposit offers of its partners directly to savers. With hundreds of account openings per day and daily inflows of millions of new assets ZINSPILOT is one of the leading platforms for savers in the German market. ZINSPILOT has got a unique market position being the only banking platform offering investments in daily call money and fixed-term offers without any restrictions for savers like minimum investment volumes.