Financial Services in Berlin

Transcription

1 Financial Services in Berlin 1

2 Why Berlin? BERLIN. FINANZPLATZ DER ENTSCHEIDUNGEN. Important banking and insurance center in Germany with 50,000 employees Stock exchange Berlin-Bremen with innovative services One of Germany s most important centers for venture capital Increasingly important for E-finance Headquarters of leading industry associations Proximity to federal and state governments and lobbyists 2

3 Why Berlin? Dr. Klaus Mangold, Board Member of DaimlerChrysler and Chairman of DaimlerChrysler Services: "DaimlerChrysler Services, the services arm of DaimlerChrysler, is excellently positioned with ist worldwide activities in the growing markets of financial services and mobility management. We run our global service businesses from our headquarters at Berlin's Potsdamer Platz, one of the most exciting places in Europe." Presse- und Informationsamt des Landes Berlin / Thie 3

4 Why Berlin? John Kornblum, Chairman Lazard Germany: "Lazard... wanted to beef up its German operations. We chose Berlin because consultancy work with major companies is a key priority, which means that personal relationships and contacts are of course very important... The whole country is represented here now... Decisive for our choice of Berlin was its proximity to the eastern German states and its position at the heart of Europe..." 4

5 Why Berlin? Rainer Fritzsche, Managing Director Germany/Austria M&G International: "... We manage our business activities in Germany and Austria from Berlin. But we already have the new EU states in central and eastern Europe in our sights. Berlin is superior to all other German cities as a place to do business thanks to its location alone. I'm convinced that Berlin's significance as a financial and services center will continue to grow..." 5

6 Why Berlin? Thomas Gönner, Manager of the Berlin Branch of Graubündener Kantonalbank: "Berlin is a political, cultural, and scientific center in Germany and is increasingly becoming a significant retail and service center. The city attracts highly-qualified managers from Germany, Europe and the rest of the world. More than other places in Germany, top-earning cosmopolitans are moving to the city, and we have been working for them here since the spring of 2001." 6

7 Facts and Figures The services sector is the mainstay of Berlin's economy Service Center Berlin Services Sector Manufacturing Agriculture, Forestry and Fisheries < 1 % It accounts for 82 % of the economy - and that figure is rising Share of Economy by Sector (in applicable prices) Source: Berlin Statistics Office 7

8 Facts and Figures By contrast to other locations, where jobs are being cut, employment in the service sector in Berlin is continually growing Service Center Berlin Services Sector Manufacturing Land- und Forstwirtschaft; Fischerei < 1 % 472,1 372,1 252, , , , Employment in Berlin by Sector Source: Berlin Statistics Office 8

9 Facts and Figures Banking in Germany: Ca. 2,500 credit institutes in Germany; that is a quarter of all those in the EU and 30 % of credit institutes in the eurozone Ca. 750,000 employees in Germany; 28 % of those employed in the banking sector in the EU Credit institutes in Germany account for approx. a third of the balance sheet of all banks in the euro-zone Germany has more banks than any other country after the U.K., 70 % of them are EU banks Overall, Europe s banking market is still organised along national lines: across the EU fewer than 10 % of all banks are foreign branches 9

10 Facts and Figures Banking in Berlin: 22 banks with headquarters in Berlin - of them 3 co-operative banks and 10 regional credit institutes Also represented in Berlin are: German credit institutes - 32 foreign banks - 14 branches of foreign banks BERLIN. FINANZPLATZ DER ENTSCHEIDUNGEN. Ca. 28,000 people are employed in Berlin s banking sector. 10

11 Facts and Figures Insurance in Germany: Ca. 700 companies active on the German market. The German market is the largest insurance market in Europe; market share 25 %. Foreign insurers have 20 % of the German market The largest 5 companies active in the non-life insurance sector have a market share of ca. 40 %. 11

12 Daten und Fakten Insurance in Germany Ca. 240,000 people are employed In the insurance industry in Germany, with another 700,000 people self-employed. The most important insurance centers in Germany are: Munich (26,000 employees) Cologne (25,000 employees) Hamburg (24,000 employees) Berlin (15,000 employees) 12

13 Facts and Facts Special Features of Germany as a Center of the Insurance Industry: Low "Insurance Penetration Rate" (Ratio of premium volumes to GDP) on an international level: Switzerland, Britain, Japan > 13,0 % Netherlands 11,0 % USA, France 8,5 % Germany 6,7 % Low "Insurance Density" (Policies per capita): Switzerland 3,700 EUR Germany 1,500 EUR "The reason for higher insurance penetration in other countries is... the considerably larger role that life insurance plays in saving for retirement and wealth management." (GDV*) *GDV- German Insurance Association 13

14 Facts and Figures Berlin's Insurance Profile: Fifth largest insurance center in Germany (based on sales) 18 insurance companies are based in Berlin 1.41 billion EUR in gross premiums (2001) BERLIN. FINANZPLATZ DER ENTSCHEIDUNGEN. 8,500 brokers and salesmen Ca. 15,000 employees 14

15 Facts and Figures 12 % of venture capital is invested in Berlin. Germany The sector forecasts an increase in 2003, and more venture capital overall. 15

16 Facts and Figures Slight gain in number of companies financed by VC Germany 16

17 Facts and Figures More than half of all VC capital went to companies involved in software and biotechnology. Germany 17

18 Facts and Figures By far the most capital goes to softwareand biotechnology projects. Germany The highest average investment volume goes to the chemicals and energy sector. 18

19 Facts and Figures Europe has the highest concentration of wealth in private hands in the world. Development of Worldwide Private Wealth by Region Cap Gemini Ernst & Young forecast an increase to $ 12.3 trillion by the year HNWI - High net worth individuals = more than 1 mio. $ in financial assets Source: World Wealth Report 2003, Merill Lynch/Cap Gemini Ernst & Young 19

20 Facts and Figures Most of the world s "High net worth individuals" (HNWI's) live in Europe. Regional Developments In Private Wealth Their number has risen continually in the past few years by contrast to other regions. The World Wealth Report 2001names Berlin as one of the regions with the highest potential for growth. HNWI - High net worth individuals = more than 1 mio. $ in financial assets Source: World Wealth Report 2003, Merill Lynch/Cap Gemini Ernst & Young 20

21 The Sector 7 of the 50 largest German banks have their headquarters in Berlin: Bankgesellschaft Berlin Landesbank Berlin Girozentrale Berlin-Hannoversche Hypothekenbank IKB Deutsche Industriebank Dexia Hypothekenbank Berlin Deutsche Hypothekenbank DKB Deutsche Kreditbank Source: Die Bank, Zeitschrift für Bankpolitik und Bankpraxis, 07/

22 The Sector Insurers Headquartered in Berlin: Life Insurers: ABC Lebensversicherung Aktiengesellschaft Deutsche Lebensversicherungs-Aktiengesellschaft IDEAL Lebensversicherung Protektor Lebensversicherungs SKANDIA Lebensversicherung Non-Life-Insurers: Adler Versicherung DARAG Deutsche Versicherungs- und Rückversicherungs AG IDEAL Versicherung Feuersozietät Berlin Brandenburg OVAG - Ostdeutsche Versicherung Also Pensions- und Sterbekassen 22

23 The Sector Venture Capital Firms Headquartered in Berlin: AdCapital AS Venture Berlin Capital Fund Berlin Seed Capital Fund BLS Technologie-Fonds bmp capiton DKB Wagniskapital Unternehmensbeteiligungsgesellschaft mbh ECONA AG gbb Beteiligungs IBB Beteiligungsgesellschaft IMH Industrie Management Holding Treuhand IUVENTA Finance Mediport Venture PEPPERMINT.Financial Partners SPARK Vattenfall Europe Venture 23

24 Networks and Initiatives Important Federations and Associations in Berlin: Banking Association of German Banks (BdB) Association of Public Banks (VÖB) Association of German Savings and Giro-Banks DSGV Association of Private Building Societies Association of Financial Service Providers (FiFa) Insurance German Insurance Association (GDV) Association of German Insurance Sellers (BVK) Venture Capital Association of German Venture Capital Companies (BVK) 24

25 Networks and Initiatives Long stock market tradition in Berlin: created in 1685 by the Grand Elector of Brandenburg Frederick Wilhelm merger of regional markets Berlin and Bremen in March of 2003 to form the "Berlin Bremen Stock Market" Berliner Wertpapierbörse 25

26 Networks and Initiatives Structure of the Stock Market in Berlin: 26

27 Networks and Initiatives Structure of Over-the-Counter Trading: 27

28 Infrastructure Human Capital: Berlin's Humboldt University, Chair of Banking and Stock Markets Berlin's Free University, Institute for Banking and Finance Insurance Studies at at University of Applied Sciences (FHTW) and at Berlin Vocational Academy Ca. 1,000 banking and insurance salesmen take Chamber of Commerce exams each year Humboldt-Universität / Fisahn 28