Oliver Morath, latterly managing director of Baring Asset Management, Germany has been named head of Europe and MENA, effective immediately and based in Frankfurt. Morath reports to George Harvey, head of sales, client service and business development.

Meanwhile, Howard Luder has been appointed to Morath’s previous role, head of sales for Barings in Germany. He is now based in Frankfurt and reports to Morath.

Howard joins from RBC Dexia, where he was director of business development, asset servicing, Germany. There he was responsible for advising German institutional clients and asset managers on how to launch or restructure investor strategies and all elements of asset servicing. He has also worked for Morgan Stanley Investment Management in Frankfurt.

Furthermore, the firm will create two new senior sales roles focused on Switzerland and northern Europe following the growth of the business in Germany over the past few years, it said in a statement. It has not yet announced who is to fill those roles.