Following the departure of the former China market head, the group has created co-heads to lead this segment.
BNP Paribas Wealth Management has appointed Philip Wong and Andrew Wong as co-heads of the China market business, splitting the role between them. It was previously handled by Alfred Tsai, who recently joined Swiss private bank Union Bancaire Privée.
The managers are based in Hong Kong and report to Andy Chai, head of Greater China Markets. They are responsible for formulating and implementing the bank’s China growth strategy, capturing its high net worth, ultra-high net worth and “mega-wealth” client groups, the Paris-listed firm said in a statement late last week.
The two men also join the BNP Paribas Wealth Management APAC Executive Committee.
Philip Wong has more than 25 years of experience in private and corporate banking. Prior to the appointment, he held a long tenure of 13 years with HSBC Private Bank where his last position was managing director and head of China market.
Andrew Wong joined from Credit Suisse last September and was most recently a market leader for China. He has more than 20 years’ experience in senior relationship management and market leadership roles.
Among other recent changes, in November BNP Paribas Wealth Management appointed Henry Hui as head of structured investments and derivatives, Asia. He is based in Hong Kong and reports to Lemuel Lee, deputy head of investment services, Asia-Pacific.