Gnter Schuhbeck has been appointed branch manager and head of Depotbank Services at KAS BANK German Branch in Wiesbaden with effect from Jan. 1, 2011. He will be responsible for all services offered as trustee and custodian by KAS BANK Germany.
The appointment of Gnter Schuhbeck underlines our commitment to further grow our market share in offering competitive, added-value services as a German Depotbank and custodian, says Sikko van Katwijk, chief commercial officer of KAS BANK N.V.s managing board.
KAS BANK’s Wiesbaden branch went live as Depotbank under German Investment Law in June 2010. The Depotbank functionality completes KAS BANKs service offering to German institutional investors and financial institutions. In the months since its launch, the KAS BANK Depotbank has attracted 18 funds with assets under administration of close to 2 billion, with a further 18 funds scheduled to go live early 2011.
We are very pleased with Gnter Schuhbecks move to the KAS BANK Depotbank, says Ryanne Cox, managing director of KAS BANK Germany. His long experience in the field of German Depotbank and custody services is an excellent addition to our German team and will enable us to further enhance our custody, clearing and treasury services to institutional investors and financial institutions as an independent partner in the German-speaking market.”