BNP Paribas Wealth Management Appoints Chief Investment Officer for Asia
BNP Paribas Wealth Management announced today that Prashant Bhayani has joined the bank early 2016 as Managing Director and Chief Investment Officer, Asia. Based in Singapore, he reports to Arnaud Tellier, Head of Investment Services, Asia, BNP Paribas Wealth Management.
Prashant is responsible for developing global asset allocations and investment strategies of the bank’s private clients in Asia in line with the global views of the bank in the various asset classes. His macro investment advice will be an important part of the bank’s investment thinking and portfolio construction. He will also support a broad range of investment research for relationship managers and high-net-worth clients.
Arnaud Tellier said, “We are delighted to on-board Prashant as Chief Investment Officer, Asia, BNP Paribas Wealth Management. His track record and depth of wealth management knowledge across asset classes, together with experience in developing and communicating pertinent analytical views will augment our investment offering. We are confident that Prashant’s views and portfolio guidance will be beneficial to our clients.”
Mignonne Cheng, Chairman and Chief Executive Officer, Asia of BNP Paribas Wealth Management, said, “This is a strategic hire that confirms our commitment to delivering cutting edge investment services to our clients. We are confident that Prashant’s well tested expertise will add value to the overall investment management of our clients across Asia.”
Prashant has close to 25 years of multi-asset class management experience across equities, fixed income, foreign exchange, and alternative investments, gained from multi-national experience in Asia, the United Kingdom and the United States. Prior to joining BNP Paribas, he was Senior Global Investment Specialist with J.P. Morgan Private Bank in Singapore. His earlier experience includes tenures as co-Chief Investment Officer and co-Founder, Managing Partner of Cork Street Capital Advisors, a global equity alternatives firm based in London, and Head Portfolio Manager for the International Growth Opportunities and European Specialist Fund Strategies at Goldman Sachs Asset Management, also based in London.
About BNP Paribas Wealth Management
BNP Paribas Wealth Management is a leading global private bank and #1 Private Bank in the Eurozone. Present in some 30 countries and in every major financial center, over 6,600 professionals, provide a private investor clientele with solutions for optimizing and managing their assets. The bank has €327 billion worth of assets under management (as at 31 December 2015).
About BNP Paribas in Asia Pacific
In Asia Pacific, BNP Paribas is one of the best-positioned international financial institutions with an uninterrupted presence since 1860. Currently with over 10,000 employees* and a presence in 14 markets, BNP Paribas provides corporates, institutional and private investors with product and service solutions tailored to their specific needs. It offers a wide range of financial services covering corporate & institutional banking, wealth management, asset management, securities services, insurance, as well as retail banking and consumer financing through strategic partnerships. It is actively expanding its franchise in the region and is well on track to increase its revenue to €3 billion in Asia Pacific by 2016.