Quirin Bank AG

Corporate Details

ISIN(s):

DE0005202303

LEI:

5299004IU009FT2HTS78

Country:

Germany

Address:

Kurfürstendamm 119, 10711 Berlin

Website:

https://www.quirinprivatbank.de/

Sector:

Financial and insurance activities

Industry:

Monetary intermediation

Description

In 2006, a small bank in Berlin decides to abolish commissions, which are common in the financial sector, and replace them with transparent fees (honorariums). Thus begins the story of Quirin Privatbank. Today, around 250 employees at 15 locations and on the Internet look after more than 50,000 customers and manage assets of over six billion euros. A balance sheet that is impressive. Today's Quirin Privatbank AG has not only laid the foundation for truly independent investment advice, but also decisively advanced the legal anchoring of fee-based investment advice in Germany. Such innovation does not develop overnight. Its origins were marked in 1998 by the founding of Berliner Effektenbank, which was renamed Consors Capital Bank (CCB) two years later. The shareholder is the banker's son Karl Matthäus Schmidt, who made a name for himself in the mid-1990s as Germany's most innovative banking expert when he set up the discount broker Consors.