BNP Paribas has hired Frederic Janbon as new head of BNP Paribas Investment Partners (IP), the group’s asset management business, replacing Philippe Marchessaux.
In his new role, Janbon will be responsible for further accelerating the development of BNP Paribas IP as a benchmark player in institutional asset management and client service.
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Marchessaux will support and advise Janbon during a transition period before assuming another role within the BNP Paribas Group.
Janbon, who has over 25 years’ experience in financial markets and joined the bank since 1988, has held several roles within BNP Paribas Group including global head of fixed income as well as management positions in the interest rate, derivatives and options markets.
BNP Paribas CEO Jean-Laurent Bonnafé said: "This business is very much a part of our growth strategy, which focuses on developing businesses where we are able to achieve high performance in order to offer our clients the best products and services."
BNP Paribas group deputy COO and head of international financial services Jacques d’Estais said: "I have every confidence in Frédéric’s ability to reinforce our range of investment solutions for institutional clients, distributors and individual customers in what is a highly strategic business for the BNP Paribas Group."
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