About Michael Steinbach

Michael Steinbach is the Head of Global Business Line Financial Services at Worldline and a member of Worldline’s Group Executive Committee, as well as the Chief Executive Officer (CEO) of equensWorldline SE. In addition, he is involved in national and international payment committees. Earlier, he acted as Chairman of the International Payments Framework Association (IPFA) and was a member of the supervisory board of Deutsche Bank Nederland NV. Michael Steinbach was one of the responsible acting managers on the mergers between the Dutch Interpay B.V. and the German Transaktionsinstitut fuer Zahlungsverkehrsdienstleistungen AG which led to the incorporation of Equens in 2006, and between Equens and the processing part of Worldline, resulting in the creation of equensWorldline SE in 2016. Prior to his appointment as Chairman of the Board at Transaktionsinstitut in 2003, he was a director of DZ BANK AG (Deutsche Zentral-Genossenschaftsbank), where he headed the payments/cards/trade finance department. Throughout his career, he has headed large and complex payment and cards divisions formed by mergers in the banking and financial services world. Over the past 35 years, he's had the distinct privilege of driving significant transformations within the Financial Service Business sector, marked by accelerated national and international consolidation. He's held key leadership roles in 10 highly transformative mergers & acquisitions across Europe. This has provided him with substantial experience across a broad spectrum of tasks unique to Financial Services. His work has included setting up new business units, harmonizing and optimizing processes, managing large IT migrations and transformations, orchestrating and implementing strategic plans to amplify economies of scale and scope, drive revenue growth, and optimize costs. More than this, he's enjoyed bringing together people from different countries and cultures to build cohesive teams and a unified corporate identity. Above all, his experiences have reinforced his belief that despite the increasing digitization and IT-driven nature of the industry, the success of a business ultimately rests on its people.