Press Information: Baader Bank expands its services for online asset managers in Switzerland with Scalable Capital as the pioneer

10.01.2018 / 11:24
The issuer is solely responsible for the content of this announcement.

Press release:
Baader Bank expands its services for online asset managers in Switzerland with Scalable Capital as the pioneer

Unterschleißheim, January 10, 2018: As the account-holding and depository bank for Scalable Capital, Baader Bank offers specific tax reporting as a service for the online asset manager's Swiss customers. Together with Scalable Capital, Baader Bank successfully launched a solution for Austrian customers in October 2017.

Baader Bank offers Scalable Capital complete mapping of all asset management processes from account and deposit management through order processing to tax reporting. The institution will manage the portfolios in euros and in doing so create added value for Swiss customers. In this way, Baader Bank is further expanding its position as a leading service provider for digital and traditional asset managers. Online asset managers can now work in conjunction with Baader Bank to serve the entire DACH (Germany, Austria and Switzerland) region.

For Swiss private clients, holding an account with Baader Bank is now even more attractive because they can declare their capital gains in their Swiss tax declaration without any additional effort. Baader Bank already provides a tax reporting service in accordance with Swiss law for the 2018 tax year. The new service is available to Swiss private investors using all asset management procedures with Baader Bank as the cooperation partner.

'We are pleased to be able to support our partner Scalable Capital in its expansion in Switzerland', said Oliver Riedel, Member of the Board of Directors at Baader Bank. 'The cooperation strengthens the expansion of the Banking Services business division and is of key strategic significance to Baader Bank. As a modern service provider for traditional and digital asset managers, we offer a full product range with the aim of further growth in the securities account business', Oliver Riedel continued.

Erik Podzuweit, the founder and CEO of Scalable Capital, added, 'As an asset manager, there are many services that we are able to offer only in conjunction with a custodian bank. As a leader in technology for digital banking services, Baader Bank is therefore an ideal partner in account and securities account management for our clients in Germany, Austria, Switzerland. It starts with the ability to open an account without a signature, and also applies to tax reporting'.

Note: Please do not hesitate to contact us with any questions. Please reach out to your tax adviser regarding any tax issues.

Further information:
Baader Bank AG
Weihenstephaner Straße 4
85716 Unterschleißheim, Germany

Katharina Ariane Beyersdorfer
Senior Manager Group Strategy & Communication

Tel.: [phone]
F [phone]
M [phone]

[e-mail]
http://www.baaderbank.de

About Baader Bank AG:
Baader Bank AG is one of the leading investment banks serving customers across the German-speaking region. As a family-run full-service bank with its headquarters in Unterschleißheim, near Munich, it employs around 450 personnel and operates in the business fields of Market Making, Capital Markets, Institutional Brokerage, Asset Management Services, Banking Services and Research.

In the Banking Services business, Baader Bank is the leading service provider for fintechs, robo-advisors and traditional asset managers across all asset classes.

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