Deutsche WertpapierService Bank


As a transaction bank, the Deutsche WertpapierService Bank AG handles the securities processing for financial institutions from the savings bank and cooperative sector, but also from the private and commercial banking sector. The dwpbank currently manages around 5.34 million securities accounts.

History

The dwpbank in its present form was created on 4 August 2003 from the merger between Bank für Wertpapierservice und -systeme AG, Frankfurt and WPS WertpapierService Bank AG, Düsseldorf. The predecessor institutes already started in mid-1998 as pioneers in transaction banking. At the time of foundation, the shares were distributed to Sparkassenverband Westfalen-Lippe, Münster with 25%, Rheinische SGV, Düsseldorf with 25%, DZ Bank, Frankfurt with 40% and WGZ-Bank, Düsseldorf with 10%. Thus, the ownership structure was divided equally between the Volksbank and Sparkassen Gruppe. However, the ownership structure is open to other owners.
In March 2007, the dwpbank expanded through the acquisition of TxB Transaktionsbank GmbH. TxB, which was initially a wholly owned subsidiary of the dwpbank-Gruppe, was merged into the dwpbank on 25 August 2008.

Shareholders

The WGZ Bank which was involved in the foundation had sold its 10% stake in the meantime to DZ Bank.

Organs

Board

Since January 1, 2016, Heiko Beck, Thomas Klanten and Markus Neukirch have been the Board of Directors of the dwpbank. Heiko Beck was appointed CEO on January 1, 2016. On February 1, 2017, Markus Neukirch became a member of the executive board, following Christian Tonnesen. Klanten, previously chief representative and member of the dwpbank's management since its founding, was appointed to the executive board on 28 November 2013; Tonnesen joined HSH Nordbank on November 1, 2011. At the same time as November 28, 2013, former CEO Markus Walch and the Chief Sales Officer Karl-Martin im Brahm left the company. Walch had been a member of the executive board since October 2011 and, from 1 January 2012, Chairman; im Brahm belonged to the board since December 2007.
Since the company was founded in 2003, the board has been headed by Ralf Gissel, who was responsible for the Department of Corporate Control and on April 6, 2011 surprisingly left the dwpbank. Deputy chairman of the executive board Sören Christensen, who has also been in this position since its founding, retired from the Executive Board as of December 31, 2011 due to age.

Board

Since June 24, 2013, the Supervisory Board of the dwpbank consists of two-thirds representatives of the shareholders and one-third of the employees' representatives. In total it has 15 members.

Locations

Headquarters is Frankfurt am Main. The dwpbank now has branches in the following locations:
The bank manages financial institutions from all three pillars of the German banking industry. It manages a central bank with 1003 affiliated credit unions, 391 savings banks from 16 federal states, six Landesbanks, the Portigon AG (formally Westdeutsche Immobilienbank AG and other institutions from the private sector and business banking sector, u. a. Deutsche Postbank, Santander Consumer Bank and SEB AG.
In the first half of 2007, the major customer Dresdner Bank AG switched to the dwpbanking system and its end-customer accounts were "de-migrated" to their new owner Commerzbank in April 2011. The Commerzbank remains the customer of the dwpbank with its accounts for major customers.

Business development

Securities settlement systems

The dwpbank operates the securities settlement system WP2 with an estimated around 230,000 users. By the end of 2010, several other accounting systems were consolidated on the central IT platform WP2. The accounting program WVS was consolidated until 2010, the BSV already in 2007. Dresdner Bank's WP chain system was consolidated in 2007. The TxB WIS and EWS PLUS systems were upgraded in 2007 and 2010 to WP2.

BOSC services

As a further task, the dwpbank will, as far as possible, assume the entire securities back-office work of various clients.