Raisin has appointed former UBS chair and Bundesbank president Axel Weber to its advisory board as the German retail deposit broker revealed a 66 per cent jump in assets under management to €50bn.
Weber, who left UBS after a 10-year stint in 2022, will take on the role in December, the fintech group told the Financial Times.
One person familiar with the internal discussions added that Weber was “highly likely” to become the body’s chair, succeeding former Georgian prime minister and Raisin seed investor Lado Gurgenidze, who will remain on the advisory board.
Read the full story on the Financial Times here.