North Channel Bank GmbH & Co. KG has appointed Gunnar Volkers as managing director.

Volkers, who was formerly a general manager at Nordea Bank AB (publ)'s German branch, succeeded Volker Bellmann and Uwe Jablonka as of Jan. 1.

Bellmann and Jablonka will move to the holding company, where they will take on responsibilities in other companies belonging to the group.