Taiber will fill the position alongside his role as CEO of Meriten Investment Management, a specialist investment boutique of BNY Mellon.
He took up his new role on 1 July and will continue to be based in Dusseldorf, reporting to BNY Mellon’s chairman of Europe, Middle East and Africa, Michael Cole-Fontayn.
He replaces Fred Bromberg, who is leaving Germany to take on an expanded role as a senior client executive within the company’s global client management group, based in New York.
Bromberg will remain a member of the German management committee while working with Taiber on the transition of the role.
Cole Fontayn said: “As a leading European economy that is home to a broad spectrum of sophisticated institutional investors, Germany remains a key growth market for BNY Mellon.
“As regional executive, Werner will lead the company’s local management team in executing our organic growth plans, implementing our client coverage and servicing model and developing strong relationships with our regulators.”
BNY Mellon president, Mitchell Harris, said: “Werner will ensure we continue to benefit from strong and forward-thinking leadership in Germany, and will be instrumental in ensuring ever tighter coordination locally between our investment services and investment management businesses.”
Earlier this week, the company launched a UCITS absolute return fund with daily liquidity, managed by its Insight Investment boutique.
The Absolute Insight Fund is domiciled in Ireland and has been built to reflect the holdings of the existing UK-domiciled (non-UCITS) Absolute Insight Fund.
