Munich: a briefing on a major financial center
Bavaria and especially its major hub, greater Munich is one of Europe’s leading financial centers. This top ranking is due to Munich’s across-the-board strength. Thanks to the breadth of their portfolios of cutting-edge offerings and the excellence of their services, its companies are leaders in the banking, insurance, asset management, venture capital, leasing and factoring segments.
Headquartered in Munich (Allianz, Munich Re, HypoVereinsbank and BayernLB), Nuremberg (the Nuremberg insurance group) and elsewhere in Bavaria (HUKCoburg), these companies comprise a sector that is one of the engines sustaining Bavaria’s growth. Many of these companies joined with the state’s financial organizations and institutions in setting up the Munich Financial centre Initiative (fpmi).
This initiative’s brief is to serve as the international-level advocate of the state’s financial sector and its positions. The initiative’s job is also to acquaint the world with the Munich financial community’s strengths.