BNP Paribas today announced that Stephane Ritz has been promoted to Head of Global Markets Asia Pacific, effective June. In addition, Brian McCappin has been appointed Head of Global Markets Institutional Sales for the region.
A 26-year veteran of BNP Paribas, Mr Ritz has held a variety of senior trading and management roles in Hong Kong, Japan, Paris and London and will succeed Pascal Fischer under whom the business has grown steadily over the past years.
Commenting on the appointment, Head of Global Markets BNP Paribas Olivier Osty said: “We are pleased to have such a strong bench of internal talent from which to promote accomplished individuals to key roles. I have every confidence in Stephane’s ability to drive the business to even greater heights in APAC and beyond.”
BNP Paribas Asia Pacific Chief Executive Officer Paul Yang added: “Stephane’s outstanding global markets knowledge and extensive experience in Asia make him extremely well-placed to build on the growth of our Global Markets platform from our strong regional hubs and local markets in order to serve our clients.”
In this regard, Mr McCappin, who will join the Group as Global Markets Head of Institutional Sales Asia Pacific, will oversee commercial strategy and sales efforts across a range of institutional clients and global business lines. Working closely with the Regional Institutional Sales Managers in Europe and the Americas, Mr McCappin will help global financial institutions to grow across the 13 markets where the bank operates as well as to forge strong links for APAC financial institutions in their global ambitions.
BNP Paribas Global Head of Institutional Sales Talbot Stark said: “Asia Pacific has been the source of nearly half of the world’s inflows over recent years. Under Brian’s leadership and with the strength of his global client relationships, we will be able to unlock new opportunities for financial institutions across Asia Pacific’s diverse and thriving markets.”
Mr Ritz said: “Brian brings a unique background of global experience that will enable us to best leverage our extensive footprint and developed franchise. He brings the right balance of global and local expertise and insight into our diverse markets to help our clients grow.”
Mr Fischer, who successfully led the growth of the platform over the past three years, will take up a new role with the bank in June and relocate to Europe.
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