Participation by Canadian Great-West Group complete

- Great-West, one of the world's leading financial services providers, has completed ownership control procedures with all relevant supervisory authorities and is now a shareholder in the JDC Group.

- Expansion of successful broker pool business and enhancement of digital business segments remain the shared focus.

 

In March, JDC Group AG (ISIN: DE000A0B9N37; Bloomberg: A8A.GR) announced the signing of an agreement with the Canadian financial services company Great-West Group providing for its Irish holding to acquire a 28 per cent share in the JDC Group AG. Now that the purchase agreements have been approved by supervisory authorities, the strategic partnership is officially finalised. As announced back in March, the management board team at JDC Group, consisting of Dr. Sebastian Grabmaier, Ralph Konrad and Stefan Bachmann, will remain on board for the long term.

"We have found the right partner for JDC Group AG in the Great-West Group, which will join us in forging ahead with consolidation of the domestic broker market as well as our digitisation strategy", said Dr. Sebastian Grabmaier, CEO at JDC Group AG, commenting on completion of the transaction.

"We are very pleased that the strategic partnership with JDC has now been officially finalised. Along with expanding the pool segment, which has enjoyed several successful years already, going forward we will also work together in tapping into new potentialities, in particular expansion of digital business segments", said Declan Bolger, Chairman of Great-West's Irish holding.

About JDC Group AG
JDC Group AG (ISIN: DE000A0B9N37) stands for modern financial advice and intelligent financial technology for advisors and customers. In the "Advisortech" business unit, via our subsidiary Jung, DMS & Cie., we provide our customers and advisors with modern advisory and administration technology. While many sales and distribution partners perceive the technological transformation as a problem and the young Fintech companies as the new competitors, we perceive the "technology" factor to be a great opportunity. Solutions from the "Advisortech" business unit help advisors, brokers, banks and other intermediaries to take even better care of their customers and generate increased sales in their earnings. In the "Advisory" segment, we procure financial products for private end customers via free advisors using the FiNUM Group. With over 16,000 connected sales partners we are one of the market leaders in the German-speaking region.

Disclaimer:
The Directors of JDC Group AG hold a participating interest in JDC Group AG and have a self-interest in the nature and content of the information provided in this release.

You can find further information on the company and affiliates at .