Silvia Quandt & Cie. AG sold its Swiss subsidiary
Frankfurt am Main, 08 October 2012
Silvia Quandt & Cie. AG has sold its Swiss subsidiary Silvia Quandt Capital Markets (Switzerland) AG to an investor. The purchase price was not disclosed. In the course of the sale as well, Joachim Paech Board of Silvia Quandt Capital Markets (Switzerland) AG was dismissed. Joachim Paech no longer works for Silvia Quandt & Cie. AG.
About Silvia Quandt & Cie. AG
Silvia Quandt & Cie.AG., which belongs to the Angermayer, Brumm&Lange Group, offers comprehensive investment banking services for the German middle class as well as brokerage services for German and international institutional investors.
The range of services includes institutional brokerage, investment research, corporate finance and designated sponsorship. Investment research is provided through the subsidiary Silvia Quandt Research GmbH. Designated Sponsoring mandates are adopted by the cooperation partner biw AG.
Silvia Quandt & Cie. AG is active in the financial and economic centers of Frankfurt and Munich, directly and through its subsidiary in London for its corporate clients and its institutional investors.
Silvia Quandt & Cie. AG acts in Germany as a tied agent as defined in § 2 para 10 of the Banking Act (KWG). It does so in the name and on behalf of biw Bank for Investments and Securities Ltd (biw), where it provides services for the investment and acquisition of services as well as the placing business within the meaning of § 1 Article 1a sentence 2 No. 1, 1c and No. 2 attributed to the Banking Act. Designated Sponsoring mandate accepts biw AG as a partner of Silvia Quandt & Cie. AG that is valid for customers of Silvia Quandt & Cie. AG.
In the UK, Silvia Quandt & Cie. Ltd. Is regulated by the Financial Services Authority (FSA).