International Finance

Deposit Solutions appoints Max von Bismarck as CBO and MD

FinTech company accelerates Europe-wide rollout

April 14, 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 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.

“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.

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