The Metzler Group plans to reorganize and significantly streamline its corporate structure. The holding structure introduced in 1986 with B. Metzler seel. Sohn & Co. Holding AG (Metzler Holding) at the top and numerous subsidiaries below is to be simplified and even better adapted to changed legal and economic requirements.
The most important change will be the merger of the previous parent company Metzler Holding into Metzler Bank (B. Metzler seel. Sohn & Co. KGaA) as the central company of the Group. The BaFin (German Federal Financial Supervisory Authority) has already been informed of this plan. In a first step, the legal form of the bank will be changed from a partnership limited by shares (KGaA) to a stock corporation (AG). As soon as the necessary approvals have been obtained from the BaFin and the ongoing tax audits have been completed, Metzler Holding will be merged into Metzler Bank in a second step.
"Not only do we aim to fulfil the constantly changing administrative requirements, but we also strive for more efficient management and control mechanisms in order to position our company for the future beyond our upcoming 350th anniversary," explains Emmerich Müller, personally liable partner of Metzler Bank and member of the Partners’ Committee. This will not only cut costs and reduce the increasingly complex regulatory risks, but will also allow the introduction of a modern governance structure, Müller added. In the course of the merger, the existing supervisory bodies will be merged and, as a result, the Supervisory Board of Metzler Bank will be expanded to nine members.
The planned changes will have no impact on the existing shareholder structure. All shares in Metzler Bank will remain 100% family-owned.