With her expertise, leadership and proven ability to innovate, develop and transform businesses, the bank said that the new deputy CEO would be a major asset.

Paris-headquartered BNP Paribas Asset Management has appointed Isabelle Scemama (pictured) as deputy chief executive officer alongside her role as global head of BNPP Asset Management in alternative asset management. Based in Paris, she will continue to report to Sandro Pierri, chief executive officer of BNPP AM, the firm said in a statement

In this newly-created, expanded role, Scemama will reinforce the development of the alternatives’ platform. She will play an important role in the execution of BNPP AM’s new strategic plan and its 2030 growth trajectory, the firm continued.

Alternative assets occupy a strategic position in BNPP AM’s strategy and represent a key driver of growth and differentiation. With this appointment, BNPP AM said it is placing alternatives at the heart of its governance. Scemama’s recognised expertise in this field will add further strength to the role of the asset manager and the BNP Paribas Group in financing the real economy, particularly through investments in infrastructure, real estate, the energy transition, and other key sectors supporting long-term development.

“Being able to rely on her recognised expertise, her leadership and her proven ability to innovate, develop and transform businesses is a major asset as we pursue our ambition and strengthen our impact for our clients” Pierri said.

Scemama brings over 35 years of experience in alternatives. She joined AXA IM-Real Assets in 2001 to develop its third-party business and subsequently assumed responsibility for its full fund management activities. She was appointed CEO of AXA IM-Real Assets in 2017 and became global head of AXA IM Alts in 2020. In July 2025, she was appointed to lead BNP Paribas’ combined alternatives capabilities, spanning AXA IM Alts, AXA IM Prime, BNPP REIM and BNPP AM’s Private Assets, in addition to her current role as global head of AXA IM Alts.