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June 02, 2015 8:13 PM ET

Capital Markets

Company Overview of Portigon AG

Company Overview

Portigon AG provides various financial services worldwide. The company provides portfolio solutions, portfolio services, and platform services; and loans, securities, derivatives, and liabilities. It also offers credit administration, operations control, and IT credit services; finance/data systems, finance/data consulting, and other finance/data services. In addition, the company provides OTC derivative services comprising trade life cycle management for capital markets, IT-application service providers, and other services; regulatory reporting services; and credit, credit and counterparty, market, and operational and reputational risk services. It serves wind-down vehicles and banks; and i...

Herzogstrasse 15

Düsseldorf,  40217

Germany

1,357 Employees

Phone:

49 211 826 01

Fax:

49 211 826 6119

Key Executives for Portigon AG

Managing Director
Chairman of Managing Board, Chief Financial Officer, Chief Risk Officer and Employee Relations Director
Age: 51
Chief Financial Officer, CRO and Member of Managing Board
Age: 46
Head of Global Sales & Financial Institutions Business
Head of Emerging Market Sales
Compensation as of Fiscal Year 2014.

Portigon AG Key Developments

Portigon AG Reports Group and Company Earnings Results for the Year Ended December 31, 2014

Portigon AG reported group and company earnings results for the year ended December 31, 2014. For the period, the company reported net interest income was €145.0 million compared to €169.3 million a year ago. Loss before taxes was €359.2 million compared to €828.5 million a year ago. Net loss for the year was €236.6 million compared to €825.9 million a year ago. This is primarily attributable to the reversal of tax provisions that are no longer needed. The net loss for the year reflects the considerable financial burdens which have to be overcome in the course of the transformation. In particular, Portigon AG has established provisions for the planned sale of PFS and the ongoing headcount reduction. For the period, the group company reported net interest income was €137.9 million compared to €169.9 million a year ago. Loss before taxes was €364.8 million compared to €843.7 million a year ago. Net loss for the year was €221.1 million compared to €840.4 million a year ago.

Portigon AG to Report Fiscal Year 2014 Results on Apr 30, 2015

Portigon AG announced that they will report fiscal year 2014 results on Apr 30, 2015

Portigon AG Announces Resignation of Stefan Dreesbach as Member of Managing Board

Portigon AG announced that Stefan Dreesbach will resign from the managing board of the company with effect from December 31, 2014 at his own request and by mutual agreement. Dr. Kai Wilhelm Franzmeyer and Dr. Peter Stemper will take over his tasks.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
December 18, 2014
Schloss Krickenbeck Gmbh
 

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