Munich: a top financial center! - Finanzplatz München Initiative

Munich Financial Center Initiative
Contents
3
4
6
8
10
12
15
16
17
18
20
22
25
26
27
Editorial by Martin Zeil, Bavarian minister of economic affairs
Munich: a briefing on a major financial center
History
Insurers
Banks
Asset managers
The Munich Stock Exchange
Venture and private equity capital
Leasing and factoring
Institutions
Research and education
Munich: a leading business region
Expatriates / human resources
Members of the Initiative / contacts
List of illustrations
Editorial:
Munich’s financial community:
Role model and engine of
economic growth
Its paces of development and innovation have made Bavaria’s
economy an international headliner over the past decades.
During the past few years, the business world began following
a further chapter in this success story – that of the state’s
sizable and sophisticated financial community.
A few facts suffice to indicate the community’s size. Greater Munich is number one in
Germany in insurance, private equity, venture capital, leasing and asset management.
The metropolitan area is number two in banking. The Munich Stock Exchange is one of
Germany’s largest and most innovative trading platforms.
It alls adds up to a community whose spread of activity and quality of services are unexcelled
in Germany. Its size, sophistication and spread also make Munich one of Europe’s
main centers of financial transactions.
That the business world is now closely following the accomplishments of this metropolitan
area’s financial community is attributable to the endeavors of Munich Financial Center
Initiative. Bavaria’s economics ministry facilitated the founding of fpmi at the turn of
the millennium. The Initiative’s original members were several of Bavaria’s leading
providers of financial services as well as the associations of the banking and insurance
industries. Since then, fpmi has developed itself into an advocate of all the players
comprising Bavaria’s financial community. These players include banks, insurers, venture
capital providers, leasing companies, chambers of commerce, business associations and
institutions of higher education. The success of fpmi’s endeavors is indicated by the
ever-greater number of companies headquartered outside Bavaria’s taking part in it.
Fpmi now has a great number of members and activities. Its objectives, however, remain
those formulated at its time of founding:
- to help shape the development of Europe’s financial industry,
- to help Bavaria’s financial community maintain its competitive edge in the international
financial sector,
- to improve the efficiency of financing processes, and to initiate the development of new
models of financing, and
- to support the further development of the financial and other business infrastructure in
Munich and in Bavaria as a whole.
This brochure will show you why Munich is regarded as being of one of Europe’s leading
financial centers by briefing you on its companies, its institutions and their uniquely
productive operating environment.
Martin Zeil
Bavaria’s minister of economic affairs, infrastructure, transport and technology