BNY Mellon has appointed Werner Taiber as country executive for Germany in addition to his role as CEO of Meriten Investment Management, BNY Mellon’s investment boutique.

Based in Dusseldorf, Taiber takes up his new role on July 1 2014. He will report to Michael Cole-Fontayn, BNY Mellon’s chairman of Emea, and Mitchell Harris, president of BNY Mellon Investment Management.

“Germany remains a key growth market for BNY Mellon. As regional executive, Taiber will lead the company’s local management team in executing our organic growth plans, implementing our client coverage and servicing model and developing strong relationships with our regulators,” said Cole-Fontayn.

“Werner has strong relationships within the German business community and brings in-depth knowledge and clear insights in respect of our clients’ needs to his new role,” said Harris.

Taiber will replace Fred Bromberg, who is leaving Germany to take on an expanded role as a senior client executive within BNY Mellon’s global client management group, based in New York and reporting to Karen Peetz, president of BNY Mellon.

Bromberg will remain a member of the German management committee while he works with Taiber to ensure a seamless transition.

“In his new role, will be one of a small team of senior client leaders responsible for developing key strategic client relationships globally and delivering the breadth of the firm’s products and services to these institutions,” said Cole-Fonrayn.

Thomas Brand will continue in his roles as head of BNY Mellon’s Investment Services business for German speaking countries and South Eastern Europe and a member of the German management committee, based in Frankfurt.