Towers Watson Germany has named Nikolaus Schmidt-Narischkin as its new director of consulting services.
Schmidt-Narischkin, who in his new role will work to grow the consultancy’s presence in the German market, joined Deutsche Bank’s corporate banking business in 1990.
In 2004, he was named head of DB Advisors’ pension solutions division, substantially growing the business in his time.
Since 2008, he has been a board member at Deutsche Asset Management and, most recently, was head of EMEA client solutions at Deutsche Asset & Wealth Management – the new asset management business formed by the bank after the sale of several of its companies fell through.
Reiner Schwinger, managing director at Towers Watson, said he was pleased by Schmidt-Narischkin’s joining the company.
“He will put his many years of experience in client and provider-facing roles to good use, developing further tailored holistic products and services for Towers Watson,” he said.
Deutsche said it had not yet appointed a replacement, but that Schmidt-Narischkin’s duties would be assumed by Alexander Preininger, global co-head of client solutions, in the interim.