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 Union Investment headquarters in Frankfurt am Main. | |
| Union Investment | |
| Company type | Aktiengesellschaft |
| Industry | Investment management |
| Founded | 26 January 1956 |
| Headquarters | , |
Key people | Hans Joachim Reinke (CEO) |
| AUM |  €424.1 billion (2023)[1] |
Number of employees | 3,200[2] |
| Parent | DZ Bank |
| Website | www |
Union Investment (German pronunciation: [uˌni̯oːn ɪnˈvɛstmɛnt] ; formal name Union Asset Management Holding AG) is the investment arm of the DZ Bank Group and part of the cooperative financial services network. It was founded in 1956 and is headquartered in Frankfurt.
Trading in open-end funds occurs in part through the 1,101 credit unions in Germany (Volksbanken Raiffeisenbanken Co-operative, including Sparda-Banks, PSD-banks, etc.)[3] and in part through the external services of Bausparkasse Schwäbisch Hall AG, DZ Bank Group's building society.
The primary shareholders in Union Investment are DZ Bank with 54.44% and WGZ Bank (the central bank of the credit unions in the Rhineland and Westphalia) with 17.72%.[4] Other shareholders include BBBank and the credit unions through their membership associations.
As of 31 December 2019[update], Union Investment has self-declared assets under management of approximately 368.2 billion euro.[2]
- ^ "Assets under Management (total)". union-investment.de. 31 March 2023.
- ^ a b Kennzahlen, Kennzahlen im Überblick, Union Investment, retrieved 4 April 2020 (in German)
- ^ "Genossenschaftsbanken" Archived June 26, 2013, at the Wayback Machine, Bundesverband der deutschen Volksbanken und Raiffeisenbanken, retrieved 27 July 2013 (in German)
- ^ Geschäftsbericht 2011, Union Investment (pdf), p. 161. (in German)
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