BNP Paribas today announced the appointment of Philippe Aroyo as Head of Country for Malaysia and Chief Executive Officer of BNP Paribas Malaysia Berhad, with effect from 8 April, 2015. Philippe takes over the role from Krishna Chetti, who will move to take on a new position.
Philippe brings along with him a wealth of managerial experience and market knowledge. Prior to this new appointment, Philippe has been the Head of Country for BNP Paribas United Arab Emirates (UAE) since 2008. Philippe has been with the Group for 26 years. He first joined BNP Paribas’ head office in Paris as a senior economist. In 1994, he moved on to join Inspection Generale where he was subsequently promoted to Head of Audit Teams. Philippe then held senior positions in India and Senegal before being appointed Head of Country for Kuwait in 2002. During his two tenures as Head of Country in Kuwait and subsequently the UAE, Philippe also held the esteemed role of Chairman of the section of the French Trade Advisers for the respective countries.
Philippe reports directly to Pierre Veyres, Regional Head of Southeast Asia and CEO of BNP Paribas Singapore.
Commenting on this key appointment, Pierre said: “BNP Paribas has grown significantly in Malaysia under Krishna Chetti’s leadership in the last 8 years. The Bank obtained a licence in 2011 to open a subsidiary which has grown significantly since, thanks to Krishna’s dedicated efforts in particular. Krishna’s experience will be beneficial to his new role and we wish him every success. Meanwhile, we are pleased to welcome Philippe Aroyo to Asia, which is a key region for the Group. We are confident that under Philippe’s leadership, BNP Paribas will pursue its current expansion and bring the business in Malaysia to new heights.”
About BNP Paribas Malaysia Berhad
BNP Paribas established its presence in Malaysia in 1973, followed by the setting-up of the asset management division, which includes Islamic Asset Management, in 2007. In 2011, the Bank obtained its full banking licence in Malaysia which allowed for a significant expansion of its local capabilities across all corporate and investment banking offerings. BNP Paribas Najmah, the dedicated Islamic Banking platform in Malaysia, was launched in 2012 and has the mandate to support all BNP Paribas business in Asia Pacific by developing and offering Islamic finance solutions to clients. With its global perspective and network, BNP Paribas is ideally positioned to offer innovative and comprehensive solutions in meeting the needs of its clients, from large local corporates and multinationals to financial institutions and institutional investors.
Worldwide, BNP Paribas has a presence in 75 countries with more than 180,000 employees. It ranks highly in its two core activities: Retail Banking & Services and Corporate & Institutional Banking. In Asia Pacific, BNP Paribas is one of the best-positioned international financial institutions with an uninterrupted presence since 1860. Currently with over 9,000 employees* and a presence in 14 markets, BNP Paribas provides clients with product and service solutions tailored to their specific needs. It is actively expanding its franchise in the region and aims to increase its revenue to €3 billion in Asia Pacific by 2016.
* excluding partnerships