People Moves: BNPP, Dexia AM, International Council of Security Associations
BNP Paribas lines up former Credit Suisse Germany head for similar role, Dexia Asset Management shakes up corporate structure, international securities body elects Korean figurehead.
The French bank’s corporate and investment banking arm has appointed Torsten Murke, Credit Suisse’s managing director for Germany and Austria, for a similar role.
Based in Frankfurt, Murke will act as deputy country head and head of investment banking for Germany from 1 October this year.
As well as overseeing corporate finance teams in Germany, he will hold a wider responsibility for the bank’s European investment banking business. He will report to Thierry Varène, head of investment banking Europe, and locally to Joachim von Schorlemer, BNPP’s Germany country head.
Dexia Asset Management
A corporate reshuffle is underway at the European asset manager, in a drive to streamline its business for expansion both in Europe and other regions.
Michel Vanderelst will head up a business development division to help the firm seek new clients. He continues to manage teams that work with central banks, international institutions and consultants.
The asset manager’s fund selection units will meanwhile become more centralised as a result of the shake up, it said in a statement.
For Europe, teams will centre on Luxembourg, the Netherlands and the Nordics, Germany and Austria, Switzerland and Italy.
Renato Guerriero, who has managed the Italian arm of the asset manager since 2001, has been made global head of European client relations.
In Belgium and France, teams will report directly to the asset manager’s executive committee for client relationships.
Internationally, Javier Ruiz-Villabrille will oversee teams for Spain, Portugal and Latin America, the Middle East, Canada, and the UK and Ireland. He will also be responsible for third party distribution. Ruiz-Villabrille has managed the firm’s Spanish branch since 2005.