Mumbai: BNP Paribas on Thursday announced the appointment of Eric Raynaud as Head of Asia-Pacific (APAC) and chief executive officer for Corporate and Investment Banking APAC.
Raynaud will be based in Asia and his appointment will be effective early January 2011, a press release issued here stated.
The appointment of Raynaud is an integral part of BNP Paribas’ robust growth strategy for the Asia-Pacific region and underscores the bank’s commitment to grow its franchise here in APAC including to capitalise on the opportunities created by the high-growth markets of China and India, the release said.
The appointment comes at a time when the bank is rolling-out its Asia growth plan which includes an ambitious target to more than double the region’s revenues within the next three-years. This will require the beefing-up of human resources and talents; the enhancement of its product and service platforms as well as the up-tiering of its client franchise in the region, the release said.
“Besides developing corporate and investment banking activities, one of my objectives will be to support also the growth of our investment solutions businesses in the region- such as wealth management, asset management, insurance, retail brokerage and global securities services- as well as to explore in the medium-term selective ways to grow our retail banking business, whenever necessary developing ourselves in co-operation with Asian financial partners,” Raynaud said.