niiio finance group AG reorganizes management team: Johann Horch resigns from niiio; Steuer and Ropel new board members

EQS-News: niiio finance group AG / Key word(s): Personnel niiio finance group AG reorganizes management team: Johann Horch resigns from niiio; Steuer and Ropel new board members 09.08.2024 / 10:47 CET/CEST The issuer is solely responsible for the content of this announcement.

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niiio finance group AG reorganizes management team: Johann Horch resigns from niiio; Steuer and Ropel new board members
niiio finance group AG enters the next stage of its growth path under the leadership of its majority investor Pollen Street Capital with the imminent contribution of fundsaccess AG, FundHero S.A. and FinTecc LLC. In this context, the management is reorganized with its long-standing CEO Johann Horch resigning from his position as executive board member as of today as agreed between him and the supervisory board. The niiio group will for now be managed by Heribert Steuer and Christian Ropel, who were recently appointed to the board and will focus on merging the individual parts of the group.
Johann Horch has been CEO of niiio finance group AG for many years and indirectly its largest shareholder until the takeover by investor Pollen Street Capital last year and has successfully steered niiio to this point. In recent years, he successfully managed the roll-up strategy pursued by niiio finance group AG, which, following the acquisition of DSER GmbH, PATRONAS Financial Systems GmbH and FIXhub GmbH, finally led to the investment by the investor Pollen Street Capital last year. The final step in the implementation of this strategy for the time being will be the timely execution of the contribution of fundaccess AG, FundHero S.A. and FinTech LLC.
Heribert Steuer, long-standing managing director of PATRONAS Financial Systems GmbH and part of the niiio group since the beginning of 2022, and Christian Ropel, who joined the group last year via fundsaccess AG and now manages the group's M&A activities, were recently appointed to the executive board and will manage niiio going forward. Johann Horch will continue to support the two new executive board members during the transition phase and will remain indirect shareholder of niiio finance group AG. The reorganization of the management team is likely not complete. Further developments are possible, particularly in connection with the recently announced acquisition of Etops Group AG by Neptune group.