BNP Paribas today announces the following appointments in its Wealth Management division in Asia Pacific: Andy Chai, currently Head of Wealth Management Greater China Markets, and Arnaud Tellier, Head of Wealth Management Singapore and Southeast Asia, are appointed as co-CEOs for Wealth Management in Asia Pacific. The appointments are effective 8 October, 2019.
Mr Chai and Mr Tellier will assume joint responsibility for the strategic direction and operations of BNP Paribas’ Wealth Management business in the region.
Mr Chai will have oversight of the Greater China markets including mainland China, Hong Kong SAR and Taiwan and lead the Strategic Client segment across Asia. Arnaud will cover the Southeast Asia, India and International markets while investment services and key support functions will report to him.
Both will report hierarchically to co-CEO of BNP Paribas Wealth Management, Vincent Lecomte, and functionally to CEO Asia Pacific of BNP Paribas Group, Eric Raynaud.
David Lim, a Market Head for Southeast Asia, is appointed Head of Wealth Management Singapore and Southeast Asia, reporting to Mr Tellier.
Pierre Vrielinck, who has held the position of CEO Asia Pacific since 2017 and made excellent contributions to refocusing growth of the franchise, will return in December to a senior leadership role within BNP Paribas Wealth Management in France.
Veteran BNP Paribas banker, Mignonne Cheng, will retain her role as Asia Chairman for Wealth Management and continue to bring her strategic vision and extraordinary client knowledge to the franchise.
Commenting on these appointments, Vincent Lecomte, co-CEO of BNP Paribas Wealth Management, stated: “Asia represents a key growth engine for BNP Paribas Wealth Management and we are committed to deepening our engagement with our private clients. Under the combined leadership of Andy and Arnaud, with their long and successful track records at BNP Paribas, I am confident that our franchise will go from strength to strength to continue fulfilling our clients’ expectations.”
Eric Raynaud, CEO Asia Pacific for BNP Paribas Group, said: “Our Wealth Management franchise is a cornerstone of our “One Bank” approach, enabling us to meet both the personal and professional financial needs of High Net Worth clients across Asia. With the rich experience of Andy and Arnaud, spanning both Corporate and Institutional Banking as well as private banking, I look forward to the strong and sustainable growth of our Wealth Management platform for years to come.”
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