Sven Harmsen (pictured) has been hired as an investment director for performance materials at Merck Ventures, the corporate venturing unit of Germany-based drugs maker Merck Group.

Harmsen had previously been a principal at BASF Venture Capital (BVC), the corporate venturing arm of the eponymous Germany-based chemicals company.

Roel Bulthuis, managing director of Merck Ventures, which has just been given an increased mandate, said by email he was “very happy to have Sven on the team. He will indeed cover investments in…