EUROPE - J P Morgan Investor Services has named two new London-based sales executives to cover Benelux, Germany, Austria and Switzerland.

The bank named Astrid Van Heumen as sales executive for Benelux. She joins from ABN AMRO Mellon where she was a senior sales manager within the Global Securities Services Division.

Susanne Ballauff becomes sales executive for Germany, Austria and Switzerland. She was previously in institutional sales at J P Morgan Fleming Asset Management in Frankfurt.

Dick Feehan, head of new business development at J P Morgan Investor Services in Europe, said: "In this challenging and competitive environment it is of paramount importance to have a strong sales team to support our growth strategy in Europe.

Earlier this week J P Morgan announced it was expanding its business in Germany with the setting up of a Master KAG division.