BNY Mellon taps another Euroclear veteran for European business

Stephan Koschmieder has been appointed head of business development for Germany, Austria and CEE region at BNY Mellon.

By Jon Watkins

BNY Mellon has appointed Euroclear veteran Stephan Koschmieder as head of business development for the Germany, Austria and CEE region.

Koschmieder joins after 11 years at Euroclear where he was director and unit head, sales and relationship management.

The newly created role will focus primarily on growing BNY Mellon’s custody, depositary and fund accounting services in the region.Koschmieder follows in the footsteps Katherine Starks who joined BNY Mellon from Euroclear as head of the bank’s asset servicing business in Germany, Austria, Switzerland and CEE region.

The custodian has reshuffled its European asset servicing unit over the past year with a number of moves and appointments.

Laura Ahto, who has held the role as CEO of BNY Mellon SA/NV, its Brussels-based banking subsidiary, was appointed chief administration officer for BNY Mellon’s global asset servicing business in April, moving to the US.

She was replaced by Leonique van Houwelingen, BNY Mellon’s former business head of Continental Europe and country executive for The Netherlands.

In January BNY Mellon appointed Dennis Presburg as head of asset servicing business development for Northern Europe from State Street, with a focus on leading asset servicing sales in Germany, as well as business development across the region.

Commenting on Koschmieder’s appointment, Dennis Presburg, head of asset servicing business development for Northern Europe, said: “Stephan has a strong track record working with banks and other institutional investors in Germany, Austria and other central and eastern European markets.”

“His appointment underscores our commitment to providing an exceptional client experience and supports our growth ambitions across the region. The German market is a key strategic priority for BNY Mellon and we are committed to adding local strength and long-term stability to our client-facing team in Germany.”

Koschmieder will report into Presburg and will be based in Frankfurt.