Philipp von Girsewald joined Deposit Solutions in 2018 as CEO of the United States where he is responsible for launching and scaling this successful European open banking franchise in the U.S.
Philipp is an accomplished and seasoned financial services executive. Prior to Deposit Solutions, he spent the last 20 years of his career at Deutsche Bank AG in various senior capacities including Head of The Digital Bank, Global Head of M&A (where he was responsible for closing over $60B in transactions), Global Head of Regulatory Strategy and Head of Corporate Investments Americas. Philipp has also served on several boards including Deutsche Investment Management Americas (formerly Scudder) and Mizuho Bank AG.
Philipp holds an undergraduate and master’s degree in economics from Rheinische Friedrich-Wilhelms University in his native Germany and is fluent in English and Spanish. He enjoys skiing, sailing, traveling and competing in triathlons.
Philipp von Girsewald, who leads Deposit’s U.S. operations, said the company is seeking to put a digital twist on a deposit brokering market that’s existed here for some three decades.
“The underlying idea is not new,” he said. “But what is new in the U.S. is that this is now done digitally. Through our platform and distribution partners, we’re connecting banks with new customers.”
Deposit follows Raisin, an online marketplace in Europe that aggregates high-yield savings accounts and CDs. Raisin announced in the summer it was branching out to the U.S. The startup has the financial backing of PayPal and Goldman Sachs.
[American Banker feature]2 January 2020
Want to make sure your money is working as hard as you do? Consider diversifying your cash savings strategy by depositing money across a variety of high-APY products with different maturity dates. This not only allows you to maximize returns but will ensure you have more flexible access to your liquid assets. You may need this flexibility to address unexpected events. The reality is that one nest egg just isn’t enough.6 August 2019
The first thing people should do is research savings products from a variety of banks and financial institutions. Many people just simply deposit their cash in their checking account or set up their savings accounts with the bank that manages their checking account — but there are usually much better options out there. Do your research to ensure you’re selecting the best type of savings product from each category — like high-yield savings or money market funds, for example.6 August 2019