BNP Paribas is also planning to establish a new dedicated Ultra High Net-Worth Individuals (UHNWI) in Asia Pacific to further strengthen its services.
As part of reorganization, a market head has been appointed for each respective market.
Serge Janowski and Henry Pang have been appointed as head of wealth management Hong Kong and Taiwan, respectively. Mignonne Cheng has been named as acting head of wealth management China.
Serge Forti as head of wealth management Singapore, Indonesia and Malaysia. Stephane Honig as head of wealth management India & Non-Resident Indian. Eric Morin as head of wealth management international & other Asian markets: including Korea, the Philippines and Thailand.
In addition, Janowski and Forti will be the CEOs for BNP Paribas Wealth Management Hong Kong branch and BNP Paribas Wealth Management Singapore branch respectively, subject to regulatory consent.
Cheng, who will retain her responsibilities as chairman and CEO for Wealth Management Asia Pacific, will also take up the responsibility as head of UHNWI & Independent Wealth Managers for Asia Pacific.
Furthermore, Ernest Leung is appointed as head of strategy & business development for Wealth Management Asia Pacific and will be working in collaboration with the market heads to develop and monitor business initiatives.
Stephanie Lair will continue her current role as head of products & services for Wealth Management Asia Pacific with an expanded scope for Wealth Planning Services Asia and Trust & Fiduciary Services Asia.
Sharon Chou and Ricardo Sanchez-Moreno will continue their current roles as head of credit and risk management for Wealth Management Asia Pacific and chief operating officer for Wealth Management Asia Pacific respectively.
All market heads and function heads will report regionally to Mignonne Cheng. Function heads will also report to their respective global heads.
All of the above appointments will take immediate effect.
Thierry Dana, currently CEO for BNP Paribas Wealth Management Hong Kong & North Asia, will join the management team of the Wealth Management International Europe in Geneva, reporting to Pascal Boris, head of BNP Paribas Wealth Management International Europe and country manager for Switzerland.
Cheng said with a new structure and a stronger team, the client-servicing capabilities will be further enhanced, enabling BNP Paribas to achieve the ambitions for wealth management in the Asia Pacific.
