Brand will also work alongside the heads of Luxembourg and Ireland, as the US bank looks to evolve its European strategy.
Global clearing house LCH has extended its RepoClear service into Germany via LCH SA in a bid to increase netting opportunities.
Lutz Diederichs will officially take over as BNP Paribas’ group head for Germany in March.
Gina Slotosch will assume the role of head of securities services for Germany having previously been head of global custody product.
BNY Mellon has increased its presence in the German market recently.