BNP Paribas has appointed Lutz Diederichs as group head for BNP Paribas in Germany and chairman of its German group management board.
Diederichs joins BNP Paribas after a 25-year spell at HypoVereinsbank, part of UniCredit, where he held a number of positions and, since 2009, has been a member of HypoVereinsbank’s board.
In his new role, Diederichs will report to Phillippe Bordenave, COO at BNP Paribas, and will succeed Camille Fohl who had been in the position since 2013. Fohl will be taking up a new role in Paris as an advisor to the BNP Paribas group executive committee.
Diederichs officially joined BNP Paribas on January 1 and will officially take over responsibilities in March following a transitional period.
“I warmly welcome Lutz to the BNP Paribas Group. He knows the German market very well, in particular the needs of different groups of customers which is important within the context of BNP Paribas’ diversified business model,” said Bordenave.
“We sincerely thank Camille Fohl for the momentum he created together with our German teams – which resulted in the dynamic growth of our businesses, the close cooperation of our different entities to provide customer solutions, and the development of the overall market awareness of the BNP Paribas Group in Germany.”