Deposit Solutions appoints Holger Hohrein as Chief Operating Officer

Hamburg/London, April 12, 2017 – Deposit Solutions, the leading Open Banking platform for deposits and operator of ZINSPILOT, has expanded its executive team with the appointment of Holger Hohrein as Chief Operating Officer. Hohrein will work alongside the existing management team as Deposit Solutions continues to develop its Open Banking technology, connecting banks and savers across Europe. He will be responsible for product and platform strategy, compliance and corporate development and help manage the growth of the company.

Hohrein joins Deposit Solutions from comdirect bank AG, Germany’s third-largest direct bank, where he was Chief Financial and Chief Risk Officer and a Member of the Board. He joined the firm in 2008 as Head of Finance, Controlling and Risk Management and was appointed to the Board in 2013 with additional responsibility for business development, strategy and IT. From 2013 to 2016, Hohrein was also Member of the Supervisory Board at ebase GmbH, the European Bank for Financial Services. He started his career at McKinsey & Company, where he spent nine years advising a number of German and European financial institutions.

Dr. Tim Sievers, founder and CEO of Deposit Solutions, said: “At Deposit Solutions, our mission is to establish Open Banking as the new industry standard for the deposits business across Europe. I am very happy that with Holger we were able to win one of the industry’s top experts for deposits and digital banking as our new COO. With his experience from advising banks at McKinsey and leading one of Europe’s most successful digital banks as board member for comdirect, he is a valuable addition to our leadership team.” Holger Hohrein added: “Deposit Solutions is on the cusp of something big in the European banking landscape. Open Banking fundamentally transforms existing value chains in the financial industry. With its unique technology, Deposit Solutions is a driver of this transformation, and its partnerships with some of the leading global banks are a strong signal to the industry. I am happy to be on board to help drive the future growth of the company.”

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