Merrill Lynch has bolstered its German business with the appointment of Lothar Spaeth, a former politician, as a vice-chairman, almost a year after the bank lost its German investment banking heads.

Spaeth will become vice-chairman of Merrill Lynch Europe, working closely with the German investment banking team. Malcolm Thwaites and Ernst Fassbender quit as Merrill's co-heads of German investment banking last July to take on the equivalent roles at Lazard, so Spaeth's appointment will help reinforce Merrill's commitment to the German market.

Merrill Lynch boosts German business with Spaeth hire

Janine Brewis

Jenoptik

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