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Lutz Diederichs to lead BNP Paribas in Germany
03 January 2017
Diederichs will take over from Camille Fohl in March.
BNP Paribas has named Lutz Diederichs group head of
Diederichs, a board member at UniCredit’s
Munich-based subsidiary HypoVereinsbank, will take over from
Camille Fohl in March.
Fohl has led the German business since 2013 and will
relocate to Paris in a new role advising BNP
Paribas’ executive committee.
The French bank views Germany as a key market and aims to
grow its market share and solutions offering in the
The firm had set a target for €1.5bn in revenues from
Germany alone in 2016, from both retail and institutional
Diederichs will report to Philippe Bordenave, the
bank’s chief operating officer.
"I warmly welcome Lutz to BNP Paribas," said Bordenave. "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
"We sincerely thank Camille Fohl for the momentum he created
together with our German teams – which resulted in
the dynamic growth of our businesses."