Berlin-based fintech Raisin appoints Axel Weber, former president of the German Central Bank, as an advisor and board member, amid significant growth and a surge in assets under management.
Facts
- Raisin appoints Axel Weber, ex-president of the German Central Bank, as an advisor and board member.
- Before joining Raisin, Weber was the chairman of the board of directors at Swiss bank UBS from 2012 to 2022.
- During Weber’s tenure as president of the German Bundesbank from 2004 to 2011, he played a crucial role in the euro crisis.
- Raisin reports rapid growth, hitting €50 billion in assets under management, a 66% increase from December 2022.
- Founded in 2012, Raisin offers savings, investment, and pension products to over 1.3 million consumers in the EU, UK, and US, with significant growth in all major markets.
- Raisin aims to tap into the vast market of over €95 trillion in deposits and investments in the EU, UK, and US, according to Tamaz Georgadze, the co-founder and CEO of Raisin.
