Boudewijn Dierick has left BNP Paribas, where he was head of ABS and covered bond structuring, to join digital-lending platform auxmoney, and is expected to be replaced as chair of the European Covered Bond Council.

He is now managing director of auxmoney Investments, a new arm of the company based in Dublin, where he will lead operations and drive the further expansion of its international capital markets footprint, according to the company.

“After 14 years in banking, I am looking forward to switching over to the fintech world in this exciting role at auxmoney and being part of its success story,” said Dierick.

A managing director at BNP Paribas, Dierick had worked at the French bank since 2006, following a stint in securitisation at UBS and several years at Moody’s as a senior analyst for covered bonds and RMBS. He was a key member of the BNP Paribas team that won it various awards from The Covered Bond Report over the past decade.

Dierick became ECBC chair at the turn of the year, taking over from Niek Allon, but is expected to be replaced now that he has left his position at BNP Paribas.

When former chair Waleed El-Amir of UniCredit left the industry in 2017, deputy chair Allon stepped up early to the position of chair, with the deputy by convention becoming the next ECBC chair. Morten Bækmand Nielsen, head of investor relations at Nykredit, is currently deputy chair.

Dierick himself took over as deputy chair in mid-2018 from Ralf Grossmann when the latter left Société Générale.