FMS Wertmanagement Service GmbH (FMS-SG) is a specialist financial services company with almost 300 employees across its offices in Unterschleissheim (near Munich), Dublin and New York.
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. Since the beginning of 2017, FMS-SG has also been responsible for the Operations department of its sister company DEPFA Bank plc. 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. FMS-SG is licensed by the German Federal Financial Supervisory Authority (BaFin) to provide financial services and is therefore authorized to provide investment brokerage and advisory services, contract brokerage and financial portfolio management. With the changeover to German Securities Institutions Act (Wertpapierinstitutsgesetz - WpIG) and to Investment Firm Regulation (IFR) on June 26, 2021, the existing licenses have automatically been transferred from KWG to WpIG (pursuant to Section 86 (1) WpIG).
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.