Fondsdepot Bank to acquire AXA Bank in Germany.

Fondsdepot Bank, a fund platform and a subsidiary of DXC Technology, agreed to acquire AXA Bank in Germany. Financial terms were not disclosed. "The partnership with Fondsdepot Bank will open up new opportunities for us as AXA to continue to provide attractive investment products and new services for our customers and sales partners. With its know-how from the takeover of the liability umbrella for distributors of major German insurers and their technological capabilities as part of DXC Technology is the fund custodian is an ideal strategic fit for us," Dr. Thilo Schumacher, AXA's Group's Member of the Executive Board.