Schoellerbank

Schoellerbank, a wholly-owned subsidiary of Bank Austria Creditanstalt, is one of Austria’s leading private banking institutions. As a bank specialising in sophisticated investments for demanding clients, its core competence is the provision of investment advisory services, asset management and retirement planning. The bank’s investment philosophy is: “Investing is better than speculating”.

Schoellerbank focuses on servicing and winning

• high net worth individuals (investment potential in excess of € 70,000),
• corporate customers (investment potential in excess of € 1 m),
• institutional customers (private foundations, chambers etc; investment potential in excess of € 1 m).

Schoellerbank is represented throughout Austria with 13 units and 375 employees. It manages assets totalling about € 6.2 bn for 27,300 private and institutional investors.

Besides classic investments, Schoellerbank offers advisory services for complex problems or more comprehensive issues such as financial planning and Family Office. A new addition to these services is the advisory service focus on retirement planning. This is designed for clients seeking to maintain their standard of living, to cover specific risks (old-age care, occupational disability) and to maintain the value of their assets for generations to come.

Sales of structured investment products (issues of capital-guaranteed products, certificates, structured interest rate products) remained at a high level in 2006. The products developed by Schoellerbank once again recorded a high client acceptance rate. With its long-standing experience in the area of structured investment products – it has launched more than 80 products since 1997 – Schoellerbank is now one of the market leaders in this investment segment in Austria.

A special report entitled “The elite of the asset management companies in the German-speaking countries in 2007”, prepared by the daily newspaper “Die Welt” for many years, was published in November 2006. The excellent result achieved by Schoeller bank in the previous year was again confirmed by this test of asset management houses: it again received the distinction “summa cum laude” and as one of the 15 best banks out of a total 268 that were tested it was included in the top segment of the “Pyramid of Excellence”. Only five banks achieved a higher scoring than Schoellerbank.