European digital wealth manager Scalable Capital has appointed Martin Krebs as chief financial officer (CFO).
In addition, Krebs will join the Scalable Capital executive board, which currently consists of the two co-founders, Erik Podzuweit and Florian Prucker.
Most recently, Krebs was global head of retail investment product solutions of the ING Group. He was responsible for coordination and expansion of the investment business in 13 markets.
Prior to this, Krebs spent 13 years at ING Germany, ten of those years on the board.
“We are very proud that Martin is joining Scalable Capital. He was instrumental in establishing our cooperation with ING and making it a success. Martin knows the financial world like the back of his hand, and he has been involved in FinTech since before the term was coined. I could hardly imagine a better manager for Scalable,” said Erik Podzuweit, co-founder and co-CEO of Scalable Capital.
“For me, Scalable Capital is one of the most exciting FinTechs in Europe. I look forward to continuing the success story,” added Krebs.
“I know Scalable Capital very well and share the vision of making investing easier, more accessible, more convenient and simply better with the help of ETFs and technology.”
“Martin has an excellent understanding of our clients and shares our enthusiasm for securities, particularly ETFs. We look forward to working with him to expand our offering and reach new markets and client groups,” said Florian Prucker, co-founder and co-CEO of Scalable Capital.
As recently as July, the company raised an additional €50m in a Series D financing round, bringing the total financing to €116m.