BNP Paribas has named Sandro Pierri as chief executive of its fund management business.
Pierri, currently deputy CEO of BNP Paribas Asset Management and head of its global client group, will replace Frédéric Janbon.
Janbon will become special adviser to Renaud Dumora during the transition, and will leave the group at the end of the year to pursue other opportunities.
Earlier this year, Dumora was promoted to deputy chief operating officer of BNP Paribas, overseeing the bank’s investment and protection services division, which includes the asset management business.
Pierri has more than 30 years’ experience in the asset management industry, and joined BNP Paribas Asset Management in 2017.
Jean-Laurent Bonnafé, CEO of BNP Paribas group, said: “I would like to sincerely thank Frederic Janbon for his overall contribution to the BNP Paribas group, in which he spent most of his professional career.
“Since 2015, he has refocused and transformed our asset management activities into a fully integrated platform delivering solid investment performances to our clients.”
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