BNP Paribas Asset Management (BNPP AM) has named Steven Billiet as the new head of its Asia Pacific unit, replacing Ligia Torres.
Billiet will assume the news responsibility on 8 August 2020 and operate out of Hong Kong.
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He will report to BNPP AM global head of Client Group Sandro Pierri and BNP Paribas Asia Pacific head Eric Raynaud.
He joined the firm earlier in 2020 in the role of head of distribution for Asia Pacific, a position he will continue to hold along with new role.
Earlier he was the CEO of JP Morgan Asset Management in Singapore.
In this role, he managed the firm’s client segments in South East Asia and Korea.
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By GlobalDataOverall, he spent more than 25 years in the financial services industry.
Out of this, he spent 18 years in CEO roles across different regions including Australia, India, Singapore and Taiwan.
Meanwhile, Torres will retire from the firm and return to Europe next month.
BNPP AM CEO Frédéric Janbon said: “Steven’s experience in leading asset management firms in Asia Pacific enables him to have an acute understanding of business development in the region. I have every confidence in his ability to offer our clients the best solutions and services in what is a strategic growth region for BNP Paribas Asset Management. I would like to express my sincere thanks to Ligia, who has been with BNP Paribas for more than 23, including seven with BNP Paribas Asset Management.
“During her tenure at the firm, she has contributed to significant growth in the region, and played a particularly important role in upholding the firm’s sustainability strategy and enhancing our external visibility on the sustainable investment agenda with our clients.”
