FMS Wertmanagement Service GmbH (FMS-SG) is a specialist financial services company over 200 employees across its offices in Unterschleissheim (near Munich) and Dublin.
FMS-SG is a wholly owned subsidiary of FMS Wertmanagement AöR (FMS-WM), an entity established in 2010 as the German Federal Government's winding-up institution for the nationalised Hypo Real Estate Holding AG.
At the beginning of 2012, FMS-WM decided to establish a service company to take over the servicing of FMS-WM's international and complex portfolio. In October 2013, FMS-SG took over the servicing of FMS-WM’s portfolio as well as the operational activities as its universal service provider. FMS-SG sees itself as a first-class provider of all-round services in the management and settlement of complex and non-performing assets for its clients. In doing so, it makes a long-term contribution to stabilizing the financial market and minimizing losses for the German taxpayer.
According to Regulation (EU) 2019/2088 of the European Parliament and of the Council of 27 November 2019 on sustainability-related disclosure requirements in the financial services sector, financial market participants and financial advisors are subject to sustainability-related disclosure requirements. FMS-SG currently only provides investment advice to its parent company, FMS Wertmanagement AöR. Within the scope of this investment advisory activity, sustainability risks are taken into account by FMS-SG to the extent that this has been agreed with FMS Wertmanagement AöR. If investment advisory services are provided to other customers, these customers are asked at the start of the investment advisory service whether sustainability aspects are to be taken into account in the advisory service. The remuneration policy does not contain any incentives for not taking sustainability risks into account.
Corporate Social Responsibility (CSR) is an integral part of the Business Strategy at FMS-SG and is considered in all major decisions. The organization’s CSR Strategy is built on 3 pillars being an Economic Pillar, a Social Pillar and an Ecological Pillar. To ensure employee input into the CSR strategy and implementation thereof, in 2019 the Board established a CSR Team, consisting of employee representatives across all locations and divisions, to champion and develop the environmentally friendly and community minded side of the business.
Message from Board: “We strive to fulfil our corporate responsibilities in every aspect of our business and are committed to embracing a culture of continual improvement."