He takes over the roles from Jean-Pierre Bernard, who will retire from a long career at the banking group, it said in a statement today.

Veyres has been the global head for BNP Paribas CIB Transaction Banking since December 2009 and managed the trade solutions, international cash management, corporate deposit line and correspondent banking business globally from Singapore.

He joined the Paris-listed bank in 1990, holding various positions in France and later became CEO for the firm in Canada. From 2001 to 2006, he was responsible in New York for several business lines in the Americas region in trade finance, export finance and commodities.

“ has grown considerably in Singapore and southeast Asia under Jean-Pierre Bernard’s leadership over the past nine years. We are very pleased to have Pierre Veyres take over this important position as we believe his experience and knowledge of the southeast Asia region, having been based here in Singapore for the past five years, will help steer our presence in the region into new and exciting growth areas,” Eric Raynaud, CEO for BNP Paribas Asia-Pacific, said in a statement.

Additionally, the bank has appointed Arnaud Tellier as the CEO for the wealth management Singapore branch, effective 16 September. He takes over the role from Serge Forti, who will continue to focus on his role as the head of Singapore, Indonesia and Malaysia markets, the bank said. Forti reports to Tellier.

Tellier joined BNP Paribas in 1989 and has held senior roles in London, Paris and Madrid; he was CEO and country head for Greece in 2006-2010 and head of corporate and investment banking for Turkey from 2010, prior to his most recent appointment.

BNP Paribas has had a presence in Singapore since 1968; its wealth management arm currently oversees a total of €272 billion ($368 billion) of client assets worldwide (as at 30 June).