BNP Paribas Wealth Management today announced three new appointments as the bank re-aligns its management resources to better deliver its growth plans in Asia.
Asia is an important growth engine for BNP Paribas Wealth Management. The bank is committed to growing its business in Asia and has taken steps to boost its resources so that it is well placed to serve the growing interests of its clients for bespoke wealth management solutions.
These appointments mark the latest move by the bank to expand and deepen its client and product coverage, as well as to continuously strengthen its robust risk management systems in a region that is critical to its build out.
Mr Ernest Leung will now assume an additional role as Chief Executive Officer for Wealth Management Singapore. Meanwhile Ernest will retain his role as Chief Operating Officer (COO) for BNP Paribas Wealth Management Asia Pacific. This dual role will enable him to further enhance the bank’s business development plans and infrastructure support across Asia Pacific, while continuing to drive franchise growth in Singapore. Ernest reports to Mrs Mignonne Cheng, Chairman and Chief Executive Officer, BNP Paribas Wealth Management Asia Pacific and to Mr Pierre Veyres, Regional Head for Southeast Asia and Chief Executive Officer, BNP Paribas Singapore Branch.
Mr Arnaud Tellier has been named Head of Investment Services, Asia Pacific, based in Singapore. He will work closely with relationship managers in the region to strengthen the bank’s product capabilities so as to meet clients’ needs and demands for investment ideas. A veteran of BNP Paribas, Arnaud brings with him more than 20 years of experience in the banking industry. He has held a number of senior positions within the Group across Europe and Asia, including the post of Chief Executive Officer of Wealth Management Singapore since 2013. Arnaud reports to Mrs Mignonne Cheng and locally to the Chief Executive Officer of Wealth Management Singapore as well as Olivier Maugarny, Global Head of Investment Services.
Ms Stephanie Lair is appointed Head of Singapore, Indonesia and Malaysia Markets and is based in Singapore. With her in-depth investment experience and proven exposure to Asian markets, Stephanie will spearhead business development in these key markets, which are an essential component of the bank’s growth plans. Stephanie was most recently Head of Investment Services, Asia Pacific. She succeeds Serge Forti who has recently retired. Stephanie reports to Mrs Mignonne Cheng and to the Chief Executive Officer of Wealth Management Singapore.
Commenting on the appointment changes, Mrs Mignonne Cheng said: “These appointments demonstrate our commitment to harness proven global and regional strengths with product capabilities that provide clients with a relevant range of investment solutions. I am confident that we can fully leverage on their combined expertise to create sustainable value for our clients and to support the future growth of our wealth management business in Asia.”
All appointments mentioned above are effective immediately.
About BNP Paribas Wealth Management
BNP Paribas Wealth Management is the world’s 5th largest private bank, present in some 30 countries. Over 6,000 professionals, based in every major financial centre, provide a private investor clientele with solutions for optimising and managing their assets. The bank has €305 billion worth of assets under management (as of end 2014).
About BNP Paribas in APAC
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 corporates, institutional and private investors with product and service solutions tailored to their specific needs. It offers a wide range of financial services covering corporate and investment banking, wealth management, asset management, securities services, insurance, as well as retail banking and consumer financing through strategic partnerships. 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