The Supervisory Board of UMT United Mobility Technology AG announced that it has appointed Erik Nagel as its new Chief Executive Officer (CEO) with immediate effect. Erik Nagel brings extensive experience in both the finance and technology industries, making him an ideal choice for the CEO position. Erik Nagel has also been a shareholder of UMT AG since 2013 and Managing Director of the operating subsidiary UMS United Mobile Services GmbH since 2016 and therefore knows the UMT Group very well.

Before joining UMS, he held various management positions at well-known companies, including the technology and investment banking division of Deutsche Bank, as divisional board member for strategic investments at WestLB AG in Düsseldorf, and as head of the Financial Institutions Group at Sal. Oppenheim's investment bank in Frankfurt am Main. Since 2013, in addition to his work at the UMT Group, he has also been active in his own investments and as a consultant, and has an educated network in the financial and private equity market.

As the new CEO, Erik Nagel will focus and expand the business activities of the UMT Group, strengthen the payment/financial hub software asset of UMS United Mobile Services GmbH and adapt it to current market conditions, as well as implement the "buy-and-build" strategy with a focus on high-growth business areas. Here, the focus is particularly on investment opportunities in the growth markets of artificial intelligence, machine learning as well as document management and IOT, both in the B2B and B2C areas.