BUX announced today (Monday) that its CEO and co-founder,
Yorick Naeff, will assume the role of Head of Innovation at ABN AMRO, effective
February 1, 2026.
In July 2024, ABN
AMRO completed its acquisition of BUX, about seven months after the initial
agreement. The deal closed following regulatory approvals and the finalization
of necessary transactions. While now owned by ABN AMRO, BUX continues to
operate independently.
BUX “Grows European Presence” Under Naeff
“With his strong vision and experience, he will
accelerate innovation within ABN AMRO, particularly in our strategic areas such
as generative AI, embedded finance, and digital assets,” Carsten Bittner,
Chief Information & Technology Officer at ABN AMRO, stated.
Naeff has led BUX since 2020, during which time the company
expanded its European presence and shifted its platform focus toward long-term
investing. Under his leadership, BUX launched new products and entered several
markets.
Since the acquisition, Naeff has played a central role in
the integration process between the two companies. He will remain CEO of BUX
during the transition period, which is expected to conclude in early 2026. BUX
will announce Naeff’s successor at a later date.
You may find it interesting at FinanceMagnates.com: ABN
AMRO Stepping Up in Retail Investment with BUX Acquisition.
BUX Teams Up with SSGA for ETFs
Meanwhile, BUX has announced a partnership with State Street
Global Advisors (SSGA) to expand its investment offerings through SPDR ETFs for
retail investors across Europe.
The collaboration with SSGA, which manages $4.7 trillion in
assets, represents a key step in BUX’s efforts to broaden investment access for
European retail clients. The partnership will allow BUX users to invest in
SSGA’s SPDR ETF products starting at €10 and will also provide educational
resources to support informed investment decisions.
SPDRs (Standard & Poor’s Depositary Receipts) were
introduced in 1993 with the launch of the SPDR S&P 500, the first
exchange-traded fund, which remains one of the most traded securities globally.
This article was written by Tareq Sikder at www.financemagnates.com.
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