BNP Paribas strengthens wealth management in Germany

BNP Paribas Group has strengthened its wealth management in Germany with the appointment of Michael Arends as chief executive officer, effective September 2018.

Arends will report to Rémi Frank, global head of large accounts at BNP Paribas Wealth Management, and to Lutz Diederichs, Germany’s CEO of BNP Paribas.

Apart from expanding wealth management in Germany, he will be responsible for looking after new customer groups. His future colleague Marcel Becker will be responsible for the development of existing private banking activities as head of Private Banking Germany. There will also be a strong focus on technical innovations and digitisation.

Arends joins from Bethmann Bank, where he has been a member of the board since 2013. Prior to this, he worked for ABN Amro since 2012.

ABOUT THE AUTHOR
Ridhima Sharma
Ridhima Sharma speaks German and is DACH Correspondent for InvestmentEurope. She has more than 8 years of experience in the media industry. Before joining us, she was working in India and covering automotive and lifestyle sectors. Over the years many of her stories have been published in various magazines across India.

Read more from Ridhima Sharma

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