Siemens Financial Services GmbH · Munich Germany
Company Description
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This link will open in a new window Founded in 1997 as a financing arm of Siemens AG , Siemens Financial Services GmbH provides investment and risk management, sales, lease, and investment financing, insurance, and treasury and financing services to international and public sector companies as well as to subsidiaries of its parent company. It also invests in energy, telecom, and transportation infrastructure projects around the world. The company's treasury and financing services unit has around €50 billion in assets under management. Siemens Financial Services operates through a network of companies that are present in about 30 countries in Asia-Pacific, Europe, and North America. To read the full description, subscribe now.
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Key Siemens Financial Services GmbH Financials
| Company Type | Subsidiary Headquarters |
| Fiscal Year-End | December |
| Annual Sales (mil.) | $0.6 |
| Employees | 59 |
Siemens Financial Services GmbH Executives
11 executives listed for Siemens Financial Services GmbH's Munich, location.
| Title | Name & Bio | Contact |
| Managing Director and CEO | Herbert Lohneiß | Network |
| Managing Director | Johannes Schmidt | Network |
| Head, Information Technology and Operations Support | Michael Brauer | Network |
Competition
Competitive Landscape for Siemens Financial Services GmbH
Demand is related to consumer income and commercial business activity. When the economy grows, so does the demand for personal and business insurance. When the economy contracts, as it did in the late 2000s, demand for insurance falls. The profitability of individual agencies depends on effective marketing, client referrals, and customer service. Large agencies have advantages in name recognition, connections with more insurers, and the ability to craft more complex insurance packages. Although small agencies formerly competed by specializing in a specific product line, they are increasingly diversifying to build business. Average annual revenue per employee is around $200,000. To read the full description, subscribe now.Top Siemens Financial Services GmbH Competitors
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