17.05.2019

Schalast becomes member of Frankfurt Main Finance

The Frankfurt business law firm Schalast becomes a member of Frankfurt Main Finance, the financial centre initiative of the leading financial centre in Germany and the euro zone. In addition to the state of Hesse and the cities of Frankfurt and Eschborn, the approximately 60 members include numerous well-known financial market players and their service providers as well as private and public universities.

Schalasts' Managing Partner Prof. Dr. Christoph Schalast comments: "We have already worked closely with Frankfurt Main Finance in the past, for example in the cooperation with FinTech Hubs in Tel Aviv, South Korea, Hong Kong and Silicon Valley. During the numerous trips on site, we were able to see the extraordinary quality of the work of the Financial Centre Initiative and are now very pleased to be able to support it even more strongly. Especially in view of the increasing importance of Asian and North American financial centres and the broad economic climate, it is necessary to strengthen the financial centres of Frankfurt and Germany".

At the same time as Schalast, Bloomberg, the management and IT consultancy Consileon Business Consultancy, Moody´s Germany, and the Blackrock company Refinitiv have decided to become members of Frankfurt Main Finance.

"We warmly welcome our new members and also their commitment to Frankfurt as a financial centre. With each new member, the affiliation to Frankfurt Main Finance becomes more attractive for the existing members as well, and the voice of the financial centre gains more weight", says Dr. Lutz Raettig, President of Frankfurt Main Finance. "Through our growth, we can together offer a broadly diversified industry network, the sustainability and efficiency of which also benefits the financial centre Frankfurt. The steady growth is also a recognition of our daily effort to represent and position the financial center worldwide."

Dr. Andreas Walter, Partner and Head of Banking & Finance at Schalast, says "We see ourselves as a deeply ingrained part of the culture of the city of Frankfurt am Main, the most important continental European financial centre. Against this background, we are particularly happy and proud that, in addition to advising numerous local companies, we have been and are allowed to support many foreign companies in the financial industry in opening and establishing their German or European headquarters in Frankfurt. Precisely because banking supervisory issues are increasingly coming to the fore from a legal perspective and FinTech companies from all over the world are interested in Frankfurt, we are all the more pleased to have become a formal part of Frankfurt Main Finance.