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BNY Mellon Expands European Business Development Team

BNY Mellon has appointed Stephan Koschmieder as Head of Business Development for the Germany, Austria and CEE region.

Koschmieder will focus primarily on growing BNY Mellon’s custody, depositary and fund accounting services. He is based in Frankfurt and reports to Dennis Presburg, Head of Asset Servicing Business Development for Northern Europe.

“Stephan has a strong track record working with banks and other institutional investors in Germany, Austria and other central and eastern European markets,” said Dennis Presburg. “His appointment underscores our commitment to providing an exceptional client experience and supports our growth ambitions across the region. The German market is a key strategic priority for BNY Mellon and we are committed to adding local strength and long-term stability to our client-facing team in Germany.”

Prior to 11 years at Euroclear, where he was Director and Unit Head, Sales and Relationship Management, Stephan Koschmieder had client development roles with financial software companies such as CQG and GL Trade, as well as with Standard & Poor’s Investor Services in the area of financial advisory and portfolio management.

Stephan Koschmieder’s appointment follows the recent announcement of Katherine Starks joining BNY Mellon as head of its asset servicing business in Germany, Austria, Switzerland and CEE region.