BNP Paribas today announced that Bing Chen has been appointed CEO of BNP Paribas (China) Limited, effective immediately, following the retirement of Peter Kwok after a long and successful career with the bank.
Mr Chen will lead and further BNP PARIBAS China’s growth focusing on synchronizing client expansion, investing in product development, and strengthening market leader position to best serve our clients’ fast-changing needs across regions and business lines.
Head of Greater China Paul Yang commented: “We will continue to adapt and optimise our onshore and offshore offerings. Bing will work in close coordination with our regional business heads to deepen and widen our corporate and institutional client base by helping both Chinese and multinational corporations to grow in and out of China, leveraging the strength of our global platform across Asia Pacific, Europe, and the Americas.”
“Bing will build upon the solid foundations and the success of our Greater China strategy. Under Peter’s leadership, BNP Paribas in China has well-managed its risks and efficiencies, ranking among the top foreign banks in China in terms of profitability. We thank Peter for his great dedication and contribution to our China growth in this dynamic market.”
Most recently, Mr Chen was the Head of Corporate and Business Development for Greater China and Head of BNP Paribas’ RMB Competence Centre. Before joining the Bank, Mr Chen spent 20 years across the United States, Europe, and China holding executive management positions in banking, trading, and structured finance businesses. Mr Chen is a US CPA and received his MBA from Columbia University in New York.
Based in Shanghai, Mr Chen will report to Mr Yang, Head of Greater China.
Maggie Ma +86 21 2896 2674 Maggie.Y.Ma@asia.bnpparibas.com
Sylvia Jin +86 21 2896 2960 Sylvia.Jin@asia.bnpparibas.com
About BNP Paribas in China (www.bnpparibas.com.cn)
BNP Paribas’ presence in China dates back to 1860 when it opened its first office in Shanghai. Currently with nearly 450 staff based in China, BNP Paribas provides banking, financing and advisory services to local and overseas corporations and financial institutions, institutional investors and high net worth clients.
Through partnerships, BNP Paribas has developed strategic collaborations with leading local institutions in China, including with Bank of Nanjing in personal, small and medium enterprises and corporate banking, Haitong Securities in asset management (HFT Investment Management), Bank of Beijing in life insurance (BOB-Cardif Life Insurance), Suning and Bank of Nanjing in consumer finance (Suning Consumer Finance), Geely in car financing (Genius Auto Finance) and Shanghai Bashi Car Rental Service in car leasing (Arval Jiutong).
Worldwide, BNP Paribas has a presence in 74 countries with more than 190,000 employees. It has key positions in its three main activities: Domestic Markets and International Financial Services (whose retail-banking networks and financial services are covered by Retail Banking & Services) and Corporate & Institutional Banking, which serves two client franchises: corporate clients and institutional investors. In Asia Pacific, BNP Paribas is one of the best-positioned international financial institutions with an uninterrupted presence since 1860. Currently with over 15,000 employees* and a presence in 14 markets, it provides clients with product and service solutions tailored to their specific needs, and continues to develop its franchise in the region.
* excluding partnerships