Frankfurt, 6.03.2025 —Depowise is expanding to Germany to become the AI-driven engine powering next-generation asset servicing in one of Europe’s most sophisticated financial markets with a volume of €4 trillion.
“Germany is home to one of Europe’s largest and most demanding asset servicing landscapes. Institutions here need a high-performance engine to navigate regulatory demands, operational complexity, and rapid scaling,” says Artur Reiter, Co-Founder & Co-CEO of Depowise. “That’s exactly what Depowise delivers—an AI-powered solution designed to drive the industry forward.”
Frank Becker: Leading Depowise’s Expansion in Germany
To accelerate this mission, Depowise has appointed Frank Becker, former VPat BlackRock for the eFront Private Markets solution suite, as Head of Solution Engineering. He will not only spearhead solution engineering efforts but also act as a key partner for German financial institutions, reinforcing Depowise’s presence in the German-speaking market.
“We are thrilled to welcome Frank Becker to our team,” says Sven Peekmann, Co-Founder & Co-CEO. “With him in the driver’s seat of our German expansion, we are confident Depowise will become the go-to engine for asset servicing automation in the region.”
With two decades of experience in various roles across asset servicing, portfolio, and asset management technology, Frank Becker brings a wealth of expertise to Depowise. At BlackRock Solutions, Mr. Becker successfully drove high-value enterprise deals, expanded market reach across EMEA with focus on Nordics, German speaking DACH and the Middle East. He led strategic solution engineering initiatives, and optimized internal processes. Prior to the BlackRock aquisition, as Managing Consultant at eFront, he played a pivotal role in expanding Germany’s customer base, more than doubling the number of serviced clients. His deep industry knowledge, combined with his experience in software solutions and implementation projects, will be instrumental in driving standardisation and scalable growth for Depowise, strengthening its position in the market.
“The asset servicing industry is at a turning point, and technology will define its future,” says Mr. Becker. „It’s like upgrading from a typewriter to a high-performance computer paired with Artificial Intelligence — faster, more efficient, and significantly more convenient,” Mr. Becker explains Depowise’s superiority, “If you had access to cutting-edge technology, you wouldn’t hesitate to make the switch.”
“Depowise has developed a truly innovative solution that eliminates longstanding inefficiencies in the industry. It natively leverages AI capabilities for unstructured document, data, and process automation, and I’m excited to introduce this technology to the German market. Our capabilities help firms unlock data-driven insights and enable new automation routines around processes, oversight, and compliance in line with regulatory requirements,” Mr. Becker says.
Accelerating Across Europe
With customers across nine European jurisdictions, including financial hubs such as Luxembourg, the UK, Switzerland, the Netherlands, and Sweden, Depowise is rapidly becoming a leading asset servicing solution provider. Trusted by the largest banks and financial institutions, Depowise solution is used to safeguard over €1.5 trillion in serviced assets globally.
Founded three years ago, Depowise is skyrocketing in growth, expanding across markets and service segments. In 2024, the company achieved 200% YoY revenue growth and doubled its team to meet increasing demand. Depowise has earned widespread praise from clients, who highlight not only the intelligence of its platform but also the team’s deep industry expertise and superior user experience.
Germany represents the next pivotal milestone in Depowise’s expansion. With Frank Becker at the helm, the company is set to empower German financial institutions to scale, automate, and future-proof their operations.
