BNP Paribas today announces the following appointments in its Wealth Management division in Asia Pacific: Pierre Vrielinck is appointed Chief Executive Officer and Mignonne Cheng, currently Chairman and Chief Executive Officer, continues as Chairman. These appointments are effective April 5, 2017.
Mignonne has been successfully leading the Wealth Management business in Asia Pacific for over six years achieving robust business growth, more than doubling assets under management. Over the course of her 26 year career at BNP Paribas, Mignonne has held key leadership positions in Corporate and Institutional Banking as well as Wealth Management. Mignonne’s tenure and depth of experience across Asia Pacific make her one of the industry’s most respected bankers.
Pierre has over twenty years’ experience in banking with the last six years spent in Wealth Management, notably as Chief Executive Officer for BNP Paribas Wealth Management in Switzerland and Emerging Markets, where he has been instrumental in driving the transformation of the business in these markets.
Commenting on these appointments, Vincent Lecomte, Co-CEO of BNP Paribas Wealth Management, stated: “The Asia Pacific market is strategic for BNP Paribas Wealth Management. With our assets under management having doubled in the last six years, our aim now is to move from being one of the Top 10 players in the region to the Top 5. Both Mignonne and Pierre have outstanding records of success at BNP Paribas and their combined experience will be an invaluable asset in ensuring this continued growth along with the development of our wealth management client franchise in the region.”
Eric Raynaud, CEO of Asia-Pacific for the BNP Paribas Group, said: “As a foundation of our market-proven “One Bank” approach, Wealth Management is key in serving our high net worth clients across our businesses in the region, and Mignonne and Pierre together will continue to build on this successful approach.” He added: “I am delighted Mignonne continues to work with us, advising and working with our key clients in the region and I look forward to the new ideas Pierre will bring to continuously improve the services delivered to our Wealth Management clients in Asia Pacific.”