BNP Paribas has appointed Frédéric Janbon as head of BNP Paribas Investment Partners (BNPP IP), the group’s asset management arm.
He succeeds Philippe Marchessaux, who will support and advise him during a transition period before taking on, at his request, another project within the BNP Paribas Group, said the firm.
Frédéric Janbon takes up his new responsibilities today.
He will primarily focus on the development of BNP Paribas Investment Partners as a benchmark player in institutional asset management and client service.
Janbon, who has over 25 years of experience in financial markets, held various management roles within the BNP Paribas group. He worked in the interest rate, derivatives and options markets teams before being appointed global head of Fixed Income in 2005, a role he served through the end pf 2014.
BNP Paribas CEO Jean-Laurent Bonnafé said: “BNP Paribas Investment Partners is a key business for the BNP Paribas Group, both in terms of serving our institutional clientele and providing savings & investment solutions to individual retail customers. 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.”
BNPP IP has €532bn of assets under management and advisory as at 30 June 2015.