SINGAPORE - BNP Paribas Investment Partners (BNPIP), the asset management specialist arm of French banking group BNP Paribas, has a new Singapore chief.
Mr Christian Bucaro, BNPIP's head of private wealth, has been promoted to chief executive officer here with immediate effect.
He replaces Mr Tan Puay-Lit, who BNPIP says has taken time off to pursue his personal interests.
Mr Bucaro will report jointly to Ligia Torres, BNPIP's head of Asia Pacific and Tino Moorrees, its head of Asia sales, the firm said in a media release on Friday (Sept 2).
He will now be responsible for overseeing Singapore's business interests and driving local strategy across all client groups. He will also continue to expand and consolidate BNPIP's offerings to the region's private banking clients, particularly in the Multi Asset Solutions space.
BNPIP has assets under management of 532 billion euros (S$809.6 billion).
Mr Bucaro joined BNPIP in 2005 in Italy, where he set up a retail business development team. In 2008, he moved to London where he held several senior roles such as head of UK offshore business development. He joined the Singapore office in 2012 as team head of distribution sales for Southeast Asia and was appointed head of private wealth for BNPIP Asia Pacific in Jan 2014.