People Moves
Top China-Focused Private Banker Departs BNP Paribas
The China market head at the wealth management business has been in the role since October 2011.
The China market head at BNP Paribas Wealth Management has left
the firm, this publication can confirm.
Alfred Tsai has held the role since October 2011; from July 2009,
he served as the managing director, senior advisor at Julius Baer
Bank. He has more than 20 years of financial services expertise
with companies such as UBS, Citibank, American Express and
National Westminster Bank. He started out his banking career at
Citibank Hong Kong in 1982.
Questioned by this news service about his departure, the wealth
management firm, part of Paris-listed BNP Paribas, declined to
comment, but it added: “We would like to reiterate our business
plans and commitment to invest in the China Market, the Greater
China and APAC region remain intact.”
Tsai has also been an independent non-executive director of Impro
(China) Limited since June 2011. During the period from 1997 to
1999, he was the Executive Committee member of Hong Kong
Financial Markets Association advising Central Bank of China on
foreign exchange matters, according to a public profile on
Bloomberg.
