(l-r) European Depositary Bank has named Roseanna Young and Markus Weimann as new managing directors. Photos: EDB; Montage: Maison Moderne

(l-r) European Depositary Bank has named Roseanna Young and Markus Weimann as new managing directors. Photos: EDB; Montage: Maison Moderne

With Holger Barth retiring after three years, European Depositary Bank has appointed Roseanna Young and Markus Weimann as new managing directors, effective from 1 September.

European Depositary Bank has announced significant leadership changes following the retirement of Holger Barth, who concluded a 30-year career in the international financial sector. Barth, who has as managing director at EDB for the past three years, was instrumental in overseeing the bank’s depositary, custody and branch operations, the bank in a Linkedin post on Tuesday 3 September.

Effective from 1 September 2024, Roseanna Young and Markus Weimann have taken over as managing directors, each responsible for the custody business and the depositary business, respectively. Young, previously branch manager in Dublin and head of depositary and custody services Ireland, will now lead the bank’s operations. She brings 20 years of experience in the financial services industry, having joined Apex Group in 2019 following its acquisition of Deutsche Bank’s alternative fund services division. In her new role, Young will continue her work from the Dublin office.

Markus Weimann, who was formerly head of depositary oversight in Luxembourg, will also step into a managing director role. Weimann has accumulated 23 years of industry experience across Germany and Luxembourg and has been with Apex Group since its acquisition of M.M. Warburg & Co Luxembourg in 2019. He took on the role of head of depositary oversight in January 2020 and was appointed to the EDB executive management board in September 2024. Weimann will remain based in Luxembourg.

European Depositary Bank, founded in 1973 in Luxembourg, was originally a subsidiary of the Hamburg-based private bank M.M. Warburg & Co KGaA. It was acquired by Apex Group in 2019 and now operates under the name European Depositary Bank. The bank is an EU-authorised credit institution providing banking, depositary and custody services to institutional investors and asset managers across traditional and alternative investment structures.

Headquartered in Luxembourg, EDB has a cross-jurisdictional presence with depositary and custody capabilities in Ireland and Malta. As of 30 June 2024, EDB reported €233.8bn in assets under depositary and €35bn in assets under custody.

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