The Paris-based organisation has announced a raft of hires in the Asia region.

BNP Paribas, the French banking group, has appointed a number of senior figures to its wealth management operations across Asia. It has also made a number of other senior appointments for the region.  

The firm has named Andy Chai, who has been head of wealth management for Greater China Markets, and Arnaud Tellier, head of wealth management Singapore and Southeast Asia, as co-chief executives of wealth management across Asia-Pacific.

The appointments are effective from today, the firm said in a statement today. 

Chai and Tellier will assume joint responsibility for the strategic direction and operations of BNP Paribas’ Wealth Management business in the region, it said. 

Chai will oversee Greater China markets, including mainland China, Hong Kong SAR and Taiwan and lead the strategic client segment across Asia. Tellier will cover the Southeast Asia, India and international markets while investment services and key support functions will report to him, the firm continued. 

Both men will report hierarchically to co-CEO of BNP Paribas Wealth Management, Vincent Lecomte, and functionally to CEO Asia-Pacific of BNP Paribas Group, Eric Raynaud.

Separately, David Lim, a market head for Southeast Asia, is appointed head of wealth management Singapore and Southeast Asia, reporting to Tellier.

Pierre Vrielinck, who has been CEO Asia-Pacific since 2017, will return in December to a senior leadership role within BNP Paribas Wealth Management in France.

Veteran BNP Paribas banker, Mignonne Cheng, will retain her role as Asia chairman for wealth management.