Deutsche Bank Wealth Management to cooperate with fintech QPLIX
- The QPLIX platform provides family offices and asset managers of Deutsche Private Port with an overview of all asset classes for the first time
- Deutsche Bank supports the further development and internationalisation of the QPLIX platform by acquiring a minority stake
Deutsche Bank’s Wealth Management business and the Munich-based financial technology company QPLIX have agreed to cooperate on the growing business with asset managers, family offices and other financial institutions such as pension funds.
Wealth Management will use the QPLIX platform to provide its clients with access to a digital platform for the holistic management and control of large assets. In turn, QPLIX clients will gain access to around 100 data interfaces. The agreement will create one of the largest banking networks in Europe.
“We are pleased that in Deutsche Bank our product has won over another prestigious institution,” said Kai Linde, co-founder and managing director of QPLIX GmbH. “With this cooperation, we are combining the innovative power and digital expertise of QPLIX with Deutsche Bank’s large client base and many years of experience in serving ultra-high net-worth clients.”
With the help of the QPLIX platform, Deutsche Private Port can for the first time map, analyse and manage all asset classes including illiquid investments such as real estate and private equity. “With comprehensive asset mapping, we are meeting a need of our top clients and strengthening our market leadership in Germany,” said Frank Schriever, Head of Wealth Management Germany.
Starting in Germany, the QPLIX software will serve as the basis for Deutsche Private Port, the digital investment office of Deutsche Bank Wealth Management. Asset managers, family offices and other financial institutions can use it to create simple cross-bank transparency:
- Evaluation tools that provide cross-bank asset overviews of total assets with performance and risk analyses as well as warning systems for compliance with investment guidelines;
- Access to modern evaluation views anytime, anywhere and from different devices;
- Functions for creating report packages for information to asset holders and committees; and
- Digital account opening for asset managers.
Deutsche Bank is supporting the further development and internationalisation of the QPLIX platform by acquiring a minority stake. The remaining shares remain in the hands of the three QPLIX founders Kai Linde, Mathias Lindermeir and Philipp Pötzl.
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Since 2012 QPLIX has been offering an innovative platform for the management of complex assets with modern technologies, which is well established in the family office sector. With the help of the QPLIX platform all asset classes including illiquid investments such as real estate, private equity or art assets can be mapped, analysed and managed. It is used by family offices, multi family offices, asset managers and other client groups from the financial sector. The combination of agile development and financial expertise has made QPLIX one of the technology leaders in the industry. Further information is available at www.qplix.com
About Deutsche Private Port:
Deutsche Private Port (DPP) has been in business with asset managers and single and multi-family offices for 20 years and focuses on digital processes and services. It provides its clients with banking and technology services in the form of powerful asset management, evaluation and control solutions. DPP is part of Deutsche Bank's wealth management business. With client assets of 213 billion euros (as of December 31, 2019), Deutsche Bank Wealth Management is one of the largest wealth managers worldwide. It offers high-net-worth (HNW) and ultra-high net-worth (UHNW) clients a broad range of traditional and alternative investment solutions, as well as comprehensive advice on all aspects of wealth management. Further information about DPP is available here.