Scalable Capital hires industry veteran as new CFO

By Aisling Finn on Tuesday 15 September 2020

Savings and Investment

Martin Krebs will also sit on the fintech’s executive board alongside co-founders Erik Podzuweit and Florian Prucker.

Scalable Capital hires industry veteran as new CFO
Image source: Martin Krebs/Scalable Capital

Digital wealth manager Scalable Capital has appointed Martin Krebs as its newest Chief Financial Officer (CFO). 

Krebs has nearly 30 years of experience, most recently holding the position of global head of retail investment product solutions at ING, where he worked for 13 years. 

As well as being handed the executive role, Krebs will also sit on Scalable Capital’s board alongside co-founders Erik Podzuweit and Florian Prucker. 

The new role will see Krebs oversee Scalable Capital’s financial wellbeing and further develop the fintech’s corporate strategy. 

Erik Podzuweit, co-founder and co-CEO of Scalable Capital, said: “Martin knows the financial world like the back of his hand, and he has been involved in fintech since before the term was coined.” 

Like Scalable Capital’s three cofounders, Krebs started his career in 1991 at Goldman Sachs, where he spent more than ten years as an investment banker.  

The incoming CFO said: “For me, Scalable Capital is one of the most exciting fintechs in Europe.” 

“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.” 

At the end of July, Scalable Capital closed a €50m Series D funding round, its biggest to date, which will be used to expand and further develop its platform. 

Following the success of its low-cost trading options, Scalable Capital has over 60,000 customers who hold over €2bn in assets on its platform.

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