JP Morgan has hired Michelle Grundmann, formerly managing director in Frankfurt for BNY Mellon, as head of its investor services business in Germany, Austria and Switzerland. Grundmann, who has spent more than 24 years in funds administration and custody, succeeds Oliver Berger, who has relocated to London to head Europe, the Middle East and Africa prospect sales. She has also been appointed a member of JP Morgan's local management committee in Germany and a member of the board of JP Morgan AG.