FMS Wertmanagement Service GmbH was founded in 2010 as the central service platform for its parent company, FMS Wertmanagement AöR. The parent is a winding-up agency, often referred to as a "bad bank," established by the German federal government to take over and wind down the risk positions and non-strategic assets of the nationalized Hypo Real Estate Holding (HRE) Group in the wake of the 2008 financial crisis. The Service GmbH is tasked with the operational management, portfolio servicing, and risk controlling of these assets, with the primary mission of winding down the portfolio in a way that maximizes value and minimizes losses for the German taxpayer.

Founded in

Germany