Siemens Financial Services
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- Roland W. Chalons- Browne, CEO (CEO)
- Peter Moritz, Member of the Management Board (CFO )
Siemens Financial Services ( SFS) is a division of Siemens AG, is a global provider of financial solutions in the business -to -business market. Siemens Financial Services GmbH coordinates an international network of financial companies and has worked for Siemens for other companies, the focus of activities in the sectors of energy, industry and healthcare is. Main tasks are to finance infrastructure, equipment and resources, and the management of financial risks within Siemens. A total of 2,600 employees are working for SFS, the company's headquarters is in Munich, Neuperlach.
History
With the formation of SFS in October 1997, the Siemens Group combined its financial activities in an organizational unit. Besides the development of the financial business at that time was through the creation of a separate financing balance also increased transparency for investors at the center.
Since 1999, Siemens Financial Services operates the Group as a competence center for finance issues and is active in both the management of the financial risks of the Siemens group and in the market for business - to-business financial solutions. From the outset, were leasing and other forms of plant and equipment financing, project financing and equity investments, treasury and payment solutions for the Siemens group as well as the financial responsibilities of plan assets to the tasks of the SFS. In 2000 followed the insurance business of the Group and the venture capital activities of Siemens.
About the expansion of business activities increased SFS also its international presence: In 2000, SFS acquired the British company Schroder Leasing. In the following years, the expansion of Siemens Financial Services took place not only in the established markets of Europe and North America, but also increasingly in emerging markets. In March 2005, Siemens Financial Services, founded his own leasing company in China, Siemens Finance and Leasing Ltd.. ( SFLL ), based in Beijing.
In early 2011 the Russian competition authority approved the acquisition of ZAO Delta Leasing, a provider of asset financing in Russia, too. In October 2011, Delta Leasing has been renamed OOO Siemens Finance and since then has been financing and leasing solutions for capital goods available. In June 2011, Siemens Financial Services Private Limited was established in India and the license of the Reserve Bank of India (RBI ) for non-bank finance companies ( NBFC license) received.
The end of 2010 was awarded Siemens Financial Services by the Federal Financial Supervisory Authority (BaFin ) permission to conduct banking business in Germany. Siemens Bank GmbH expands with credits and guarantees the product spectrum of SFS in particular in the field of sales financing.
Management
- Roland W. Chalons- Browne, CEO (CEO ) of Siemens Financial Services GmbH since February 2010.
- Peter Moritz, Member of the Management Board (CFO ) of Siemens Financial Services GmbH since March 2006.
Business units
The Financial Services division of Siemens (SFS ) consists of eight business units:
- Commercial Finance (COF ), CEO Jonathan Andrew
- Project & Structured Finance (PSF ) Energy, CEO Kirk Edelman
- Project & Structured Finance (PSF ) Infrastructure and Cities & Industry, CEO John Schmidt
- Project, Structured and Leveraged Finance ( PSLF ) Healthcare, CEO Anthony Casciano
- Venture Capital ( VC), CEO Ralf Schnell
- Insurance ( INS), CEO Alexander Mahnke
- Treasury ( TRE), CEO Hans -Peter Rupprecht
- Financial Services and Investement Management ( FIM), CEO Hans -Peter Rupprecht
Worldwide Presence
As a provider of financial services in the business-to -business SFS operates worldwide. The balance sheet and project volumes of each region:
- North and South America Balance sheet total 6.4 billion euros
- To be financed project volume 8.7 billion euros
- Balance sheet total 7.8 billion euros
- To be financed project value € 22.6 billion
- Total assets EUR 0.4 billion
- To be financed project volume 11.4 billion euros