Union Investment

Union Asset Management Holding AG
Union Investment
Company typeAktiengesellschaft
IndustryInvestment management
Founded26 January 1956; 68 years ago (1956-01-26)
Headquarters
Frankfurt
,
Germany
Key people
Hans Joachim Reinke (CEO)
AUMDecrease €486.9 billion (2024)[1]
Number of employees
3,200[2]
ParentDZ Bank
Websitewww.union-investment.de
Union Investment former headquarters

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, Union Investment has self-declared assets under management of approximately 368.2 billion euro.[2]

  1. ^ "Assets under Management (total)". union-investment.de. 30 September 2024.
  2. ^ a b Kennzahlen, Kennzahlen im Überblick, Union Investment, retrieved 4 April 2020 (in German)
  3. ^ "Genossenschaftsbanken" Archived June 26, 2013, at the Wayback Machine, Bundesverband der deutschen Volksbanken und Raiffeisenbanken, retrieved 27 July 2013 (in German)
  4. ^ Geschäftsbericht 2011, Union Investment (pdf), p. 161. (in German)