Latest high-level moves in the Asia-Pacific wealth management industry.

BNP Paribas Asset Management has appointed Rakesh Vengayil as deputy chief executive for the Asia-Pacific region. He reports to Hong Kong-based Ligia Torres, CEO for Asia-Pacific at BNP Paribas Asset Management. 

As part of his move, Vengayil also takes over as CEO for Hong Kong, BNP Paribas Asset Management from Tino Moorrees, who has decided to pursue other interests and opportunities outside the company, BNP Paribas said in a statement earlier this week. 

With a financial services career spanning more than 25 years, principally in business management, product management and business support functions, Vengayil first joined BNP Paribas Group in India in 1998. He moved to the asset management business in 2004 as vice president and head of asset management operations in BNP Paribas Mutual Fund India. He has also assumed senior management roles in the India, Hong Kong and London offices.