Scalable Capital appoints CFO
European digital wealth manager and flat rate neo-broker Scalable Capital has appointed Martin Krebs as Chief Financial Officer (CFO).
Most recently, Krebs was Global Head of Retail Investment Product Solutions of the ING Group, responsible for the coordination and expansion of the investment business in 13 markets. Prior to this, he spent 13 years, ten of which were as a member of the board, developing ING Germany into one of the most successful banks in Germany. He is also a member of the Supervisory Board of Hypoport SE. As CFO, Krebs will be responsible for the finance department at Scalable Capital and will further develop the corporate strategy together with the founders.
"We are very proud that Martin is joining Scalable Capital. He was instrumental in establishing our cooperation with ING and making it a success. Martin knows the financial world like the back of his hand, and he has been involved in FinTech since before the term was coined. I could hardly imagine a better manager for Scalable," says Erik Podzuweit, co-founder and co-CEO of Scalable Capital.
"For me, Scalable Capital is one of the most exciting FinTechs in Europe. I look forward to continuing the success story," says Martin Krebs. "I know Scalable Capital very well and share the vision of making investing easier, more accessible, more convenient and simply better with the help of ETFs and technology."
Like the founders Erik Podzuweit, Florian Prucker and Adam French, Martin Krebs began his career in 1991 at Goldman Sachs, where he spent more than ten years in investment banking, advising financial services providers on capital market transactions and corporate takeovers. After a stint at JP Morgan Chase, Krebs joined ING Germany in 2003, where he was promoted three years later from chief representative to member of the board. Among other things, he was responsible for the treasury as well as the securities and funds business for private clients.
Martin Krebs adds to Scalable Capital’s executive board as CFO, which currently consists of the two co-founders Erik Podzuweit and Florian Prucker.
"Martin has an excellent understanding of our clients and shares our enthusiasm for securities, particularly ETFs. We look forward to working with him to expand our offering and reach new markets and client groups," says Florian Prucker, co-founder and co-CEO of Scalable Capital.
As recently as July, the company raised an additional EUR50 million in a Series D financing round, bringing the total financing to EUR116 million.
In June, Scalable Capital successfully launched "Prime Broker", an online broker with flat rate trading. In addition, there are numerous co-operations in the B2B sector with well-known partners, such as ING, Barclays, Santander and the Austrian Raiffeisen Group.