BNY Mellon names new head of German trust and depositary business

BNY Mellon is developing a new trust and depositary model for common processes and practices across Europe.

By Joe Parsons

BNY Mellon has appointed Christoph Stahler as head of the trust and depositary business in Germany, marking the latest senior hire for the region.

Stahler will be responsible for managing BNY Mellon’s depositary activities in Germany, including operational oversight, service delivery, client satisfaction, and setting the strategic direction for the business.

Based in Frankfurt, he will report to Keith Whitelock, EMEA head of trust and depositary.

“The German market is a key strategic priority for BNY Mellon and we are strongly committed to adding strength and long-term stability to our team in Germany,” said Daron Pearce, CEO, BNY Mellon EMEA Asset Servicing.

“Christoph will play a key role in providing world class services to our clients and enhancing our services. He joins us at an exciting time as we continue to develop our One EMEA T&D Model.”

The new model involves the development of common processes and practices for BNY Mellon’s trust and depositary services across the region.

Stahler joins BNY Mellon from German commercial bank Helaba where he was head of the Depotbank business. He also head senior custody and depositary management roles for Commerzbank and DZ Bank.

His hire is the latest for BNY Mellon in the region as it looks to build out the asset servicing business in Central and Eastern Europe (CEE). Last year, it hired Katherine Starks and Stephan Koschmieder, both from Euroclear,  as head of asset servicing and head of business development for Germany, Austria, Switzerland and the CEE region respectively.  

Earlier this year, BNY Mellon also recruited Linda McMahon from State Street as head of UK trust and depositary services.