28 August 2012
Reporter: Jenna Jones
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BNY Mellon strengthens German management team

BNY Mellon has made a number of key senior management appointments in its German office.

Thomas Brand has been appointed head of investment services for BNY Mellon in Germany. In this new role, Brand will be responsible for relationship management and business development across Germany, Switzerland and Central and South East Europe.

On top of this, Brand has been made a branch manager of the Bank of New York Mellon SA/NV branch management business and he has joined the supervisory board of BNY Mellon's KAG business. Brand has previously worked as country executive for Germany and regional executive for the German speaking Central and South East Europe regions.

Jürgen Frank has become chairman of the supervisory board of the KAG business. Along with this new role also comes confirmation of Frank’s extended contract as branch manager and spokesman for the Frankfurt branch of the Bank of New York Mellon, as well as head of integration for the asset servicing business in Germany. Frank was formerly CEO of BHF Asset Servicing, which was acquired by BNY Mellon, bringing 30 years experience in the German financial services arena to his newly expanded role.

Joining BNY Mellon in October of this year will be Laura Ahto as head of asset servicing operations and service delivery in Frankfurt. In addition to this, Ahto will be appointed as branch manager in the Bank of New York Mellon's branch management business. Ahto joins BNY Mellon from London-based company Baring Asset Management, where she is deputy COO and head of operations and technology.

Christian Altmeyer has also been appointed as a branch manager in the Bank of New York Mellon's branch management business. He will be responsible for legal, regulatory affairs, internal audit and risk and compliance.

In his role as managing director and head of BNY Mellon legal in Frankfurt, he has experience in the areas of custody, collateral management, derivatives clearing, investment law and regulation.

BNY Mellon has also announced that Managing Director of BNY Mellon asset servicing, Michelle Grundmann, will be relinquishing her current responsibilities in the coming weeks prior to leaving the company to pursue a new role in the industry.

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