Innovators Make Markets

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As a Specialist (formerly official broker), the company currently manages around 3,000 bonds on the regulated market (Open Market & “Freiverkehr“) of the Frankfurt Stock Exchange (FWB).

Market Making

As a Market Maker & Liquidity Provider, around 14,000 bonds are traded and customer orders are executed on national and international stock exchanges as well as various trading platforms.


As a service provider for exchange listings (first and secondary listings) as well as for listings on trading platforms (OTC), the company is available to institutional market participants and issuers.

About us

Walter Ludwig is one of the few remaining traditional, family-run private banks („Wertpapierhandelsbank“). For more than forty years, we have been making our mark in the competition among global financial service providers as an internationally active company with deep roots in the Frankfurt banking landscape. Innovative entrepreneurship coupled with a very large network form the cornerstones of our success.



Walter Ludwig

Founder and Managing Director

+49 (0)69 – 13 38 52 – 0




Dr. Hendrik Müller Lankow

Chief Compliance Officer/
Money Laundering Reporting Officer

+49 (0)69 – 13 38 52 – 35

André Aschenbrenner

Dep. Chief Compliance Officer/
Dep. Money Laundering Reporting Officer

+49 (0)69 – 13 38 52 – 15

Back- and Middleoffice

Henrik Klemm

Group Leader Back- and Middleoffice & Risk Management

+49 (0)69 – 13 38 52 – 17

Heike Penkwitz

Backoffice Specialist

+49 (0)69 – 13 38 52 – 14

Jörg Pfaff

Backoffice Specialist

+49 (0)69 – 13 38 52 – 29

Alexander Lovin

Working Student

+49 (0)69 – 13 38 52 – 30


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Institutsvergütungsverordnung 2017


Lagebericht zum 31.12.2020

Lagebericht zum 31.12.2019

Lagebericht zum 31.12.2018


Offenlegungsbericht zum 31.12.2020

Offenlegungsbericht zum 31.12.2019

Offenlegungsbericht zum 31.12.2018


Walter Ludwig GmbH Wertpapierhandelsbank is looking for reinforcement

With immediate effect: Senior Sales Trader Fixed Income (m/f/d)

Since 1979, the owner-managed Walter Ludwig Wertpapierhandelsbank has been an integral part of the Frankfurt banking landscape. Its specialty is market making for bonds. Walter Ludwig is active on national and international stock exchanges as well as on various OTC marketplaces. Are you highly motivated, innovative and looking for a new challenge with a high degree of creative freedom in a traditional securities trading bank?

Then apply with us and strengthen our team at the financial center Frankfurt.

These are your tasks:

  • Sales Trading Fixed Income
  • Development & implementation of own & innovative sales/trading strategies
  • Independent acquisition of new customers
  • Operational risk management

You will fit in with us if you have the following qualifications:

  • Several years of sell-side trading experience (min. five years)
  • Excellent customer contacts and a broad network
  • A business management mindset
  • Very good command of written and spoken English
  • Very good IT skills
  • Very good handling of pressure and hectic everyday life
  • Ability to work in a team
  • Sense of responsibility & very high commitment

Interest aroused? Then apply now at Walter Ludwig Wertpapierhandelsbank.

Please send your application by e-mail to:

We look forward to getting to know you.


Walter Ludwig GmbH Wertpapierhandelsbank
Over 40 years of experience and competence

An der Hauptwache 5
60313 Frankfurt am Main

Phone: +49 (0)69 – 13 38 52 – 0
Fax: +49 (0)69 – 13 38 52 – 20