People Moves

Major European Banking Group Names New Asset Management Head

Tom Burroughes Group Editor London 20 October 2015

Major European Banking Group Names New Asset Management Head

This publication brings the latest news of moves and appointments in the wealth management arena.

BNP Paribas has appointed Frédéric Janbon as the new head of its asset management arm, BNP Paribas Investment Partners, taking the helm from Philippe Marchessaux who will support and advise him during a transition period before taking on – at his request – another role at the Paris-listed group.

Janbon has worked in a number of positions at BNP Paribas in the interest rate, derivatives and options markets before his appointment as global head of fixed income in 2005, a role he held until the end of 2014. 

Marchessaux was involved in steering the integration of asset management teams from ABN AMRO AM, Fortis IM and BNP Paribas Investment Partners to build the current business over the past six years.

The asset management business, which operates worldwide, had a total of €532 billion ($605 billion) of assets as at 30 June this year. The French parent group reports third-quarter figures on 30 October, 2015.

In September, BNP Paribas IP made a flurry of new appointments across its London and New York-based teams, including a new investment chief for its institutional arm. It appointed Guy Williams, who joined the business five years ago, as chief investment officer of its institutional business. Williams previously held the role of chief investment officer of BNPP IP’s global fixed income affiliate, Fischer, Francis, Trees & Watts. His latest role has been newly created.

Other additions to Williams' team included Daniel Morris as senior investment strategist and Richard Barwell as senior economist. Morris joined from TIAA-CREF Asset Management where he was global investment strategist while Barwell previously served as senior European economist within the markets and international banking division of Royal Bank of Scotland, focusing on the eurozone and European Central Bank policy. 

To see other moves at this segment of the bank, click here.

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