Mr Kurr joins from UBS global asset management, where he was head of institutional and wholesale business development. Prior to joining UBS, he worked at Cominvest Asset Management as a member of the managing board focusing on institutional business development.

Jon Little, vice chairman of BNY Mellon Asset Management, said: “Mr Kurr’s deep understanding of the retail and institutional marketplaces in Germany will position us well for future growth. It is unusual that such an experienced individual be qualified in both areas and we are delighted that he has decided to join our company. Germany is one of the most important markets for us in Europe, and globally, and his appointment will significantly enhance our capabilities in the region.”

Mr Kurr said: “WestLB Mellon is a key player within the German investment management industry, and with the support and expertise of the two joint venture partners I am confident our business will grow significantly over the coming years.”

WestLB Mellon Asset Management was formed as a joint venture between Mellon Financial (BNY Mellon) and WestLB in 2006. WestLB Mellon has $33.2bn in assets under management, with special expertise in the management of European fixed income, European equities and balanced mandates.