Ringier and Bank Zweiplus establish joint venture
Ringier mit der Medienmarke Cash und die Bank Zweiplus gründen ein gemeinsames Joint Venture. Die neue Gesellschaft wird unter der etablierten Marke Cash ein neuer Informations- und Finanzdienstleister.
The new company will offer the following services: Independent online financial and online economic information, online banking and transaction functionalities, combined with personal support on all aspects of saving, investing and retirement planning. The main target group is customers with small and medium-sized assets. For direct customers of Bank Zweiplus and for users of the Cash.ch business and finance platform, this is an ideal addition to the existing range of services. Existing bank customers will have access to an integrated, free information platform - the Cash.ch information platform can continue to be used to the usual extent without any additional obligations.
Ringier and Bank Zweiplus each hold 50 percent of the shares in the new company. The new company will start with more than 170,000 unique users on the financial information platform and over 30,000 bank customers.
Christoph Hartgens has been appointed CEO of the new company. He was also responsible as CEO of Tradejet. André Michel, current Managing Director of Cash, Marcel Gamper, Head of Advisory Direct Clients at Bank Zweiplus and Urban Scherrer, Management Consultant and Head of Special Projects at cash, will complete the management team. The company employs around 45 people from both parties. No redundancies are planned, as the business areas are exclusively complementary, according to a statement from Ringier and Bank Zweiplus.
