adesso acquires stake in securities expert WEPEX GmbH

WEPEX GmbH’s current managing partners, Arno Radermacher, Frank Thole and Oliver Schlicht, will continue in their roles and work with adesso to lay the foundations for the digital future of the capital market business. The 30 securities experts at WEPEX will now join the banking segment of the adesso Group, an IT service provider with operations across Europe.

adesso and WEPEX are thus stepping up their collaboration and underscoring their long-term focus on the areas of digital transformation, distributed ledger technology (DLT) and blockchain, crypto, artificial intelligence and big data analytics in the capital markets. The merger also allows them to combine their complementary strengths and expertise. The partnership efficiently pools adesso’s technological know-how and WEPEX’s specialist and regulatory knowledge for the benefit of various segments. The result is a new level of advisory and service excellence and delivery capability for national and international banks, stock exchanges, asset managers, capital management companies and other financial institutions across topics such as strategy, processes, architecture and IT applications and operations.

Established in 2003, the management consultancy WEPEX focuses on specialist and strategic advice for financial service providers and is one of the most respected capital market experts in Germany when it comes to securities, funds, derivatives and products of all asset and risk classes, including digital assets. adesso contributes its expertise as a software development and blockchain specialist covering the entire securities value chain of financial service providers. Most recently, the IT service provider acted as a technology partner for the Funds-On-Chain platform and helped build platforms for neo- and online brokers.

Arno Radermacher is one of the three managing partners at WEPEX GmbH, each of whom has at least 30 years’ professional experience in the capital market and securities sector. He and his colleagues describe the range of advisory services: “Our proven expertise will help the financial sector modernise legacy trading platforms and order management, run settlement systems and deal with topics such as custody and licence applications.” Managing partner Frank Thole: “Being part of a player such as adesso will allow us to broaden our access to the market, acquire more extensive projects in the capital market environment and rapidly continue adding to our team.” Oliver Schlicht, who joined WEPEX’s management in spring 2022 after a spell as an executive partner at the UK consultancy Baringa Partners LLP, adds his take: “Business strategy, process reengineering as well as applications for new licences and support in meeting new regulatory requirements round off our service portfolio.”

WEPEX GmbH will continue to operate from its headquarters in Frankfurt am Main – in even closer collaboration with the adesso Group, which currently has over 8,300 employees at more than 50 locations around Europe.