BNP Paribas has appointed Lutz Diederichs to take over the role of group head of Germany and chairman of the group management board in the country.
Diederichs joined BNP Paribas on 1 January, and will fully take on his new responsibilities in March, following a transition period.
He will take over from Camille Fohl, who is relocating to Paris to take up a role as advisor to the BNP Paribas Group Executive Committee.
According to BNP Paribas, the change is part of a wider growth plan for Germany, and Diederichs will be advising on business development within the group.
Diederichs joins from HypoVereinsbank, where he spent 25 years in positions including head of the corporate division for Bayerische Hypo- und Vereinsbank and senior director for large corporates and real estate financing.
Since 2009, he has been a member of the board of HypoVereinsbank-UniCredit Munich.
In his new role, Diederichs will report to Philippe Bordenave, COO of BNP Paribas and the group executive committee member responsible for business in Germany.
Bordenave said: “I warmly welcome Lutz Diederichs to the BNP Paribas group. He knows the German market very well, in particular the needs of different groups of customers, which is important within the context of BNP Paribas’ diversified business model.”
“We sincerely thank Camille Fohl for the momentum he created together with our German teams, which resulted in the dynamic growth of our businesses, the close cooperation of our different entities to provide customer solutions, and the development of the overall market awareness of the BNP Paribas Group in Germany. This strong foundation will help us to continue to move forward in our growth ambitions in Germany, a key market for the group.”
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