European Depositary Bank (EDB), a Luxembourg-based provider of banking, depositary and custody solutions, has appointed David Claus as CEO and as a member of the board of directors, effective 16 June 2022.
Claus brings more than two decades of asset servicing and asset management experience from a career spent working in Luxembourg, London and Brussels.
He started his career in 1994 as a fund accountant in Luxembourg and has been with EDB since April 2022.
Prior to EDB, Claus was Luxembourg country head for BNY Mellon, serving as manager of the Luxembourg branch and chair of its management committee.
Before that he held senior management roles in BNY Mellon’s asset servicing business and was a member of the management committee of the BNY Mellon Brussels branch.
He first joined BNY Mellon in London in 2000 and held various management positions in asset servicing and client management.
EDB was originally established as a subsidiary of Hamburg based private bank M.M.Warburg & CO and was acquired by Apex in 2019.
Commenting on his new role, Claus says: “I am excited to be joining EDB, a bank with a rich history of enabling institutional investors to directly access the Luxembourg financial market. As an independent provider, EDB has an important role to play in offering our clients an agile and responsive cross-jurisdictional service in an ever-changing regulatory environment.”
David Rhydderch, global head of financial solutions at Apex Group, adds: “We are pleased to welcome someone of David’s experience to lead and grow our EDB business. EDB’s digital banking, depositary and custody services differentiate our single source offering as a leading global financial services provider.”
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