Rabobank appointed Paul Schram to replace Donald Meltzer as global head of mergers and acquisitions and named Meltzer chairman of corporate finance, the business line that combines sector origination and M&A.

Both appointments are effective immediately.

Meltzer, who joined Rabobank in 2015, will focus on advising the lender's key clients in North America on their strategic ambitions. He will continue as a member of the global corporate clients management team and the wholesale banking North America leadership team. He will be based in New York.

Schram was previously head of M&A in the Netherlands for Rabobank. He will join the global corporate clients management team as part of his new responsibilities. He will continue to be based in the Netherlands.

Both Schram and Meltzer will report to Willem Boezen, senior executive vice president for wholesale. Additionally, Meltzer will report to David Bassett, the head of wholesale banking for North America.