BNP Paribas has appointed Lutz Diederichs as its group head in Germany and chairman of the group management board in the country.

Diederichs will replace Camille Fohl who in March will take over as advisor to the BNP Paribas group executive committee in Paris. In the new role, Fohl will deliver advice on the development of business activities of the group in Europe.

Diederichs will officially assume his new role in March, and will report to BNP Paribas COO Philippe Bordenave.

He most recently served at HypoVereinsbank, where he held several roles for over 25 years. Since 2009, he served as a member of the board of the HypoVereinsbank – UniCredit Munich.

 “I warmly welcome Lutz 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,” Bordenave said.