BNP Paribas wealth chief switch sparks questions
Mignonne Cheng is stepping down as Asia CEO at BNP Paribas WM but remains chairman, in a move that has raised eyebrows. Some feel the firm is sharpening its focus on Southeast Asia.
BNP Paribas's Asia wealth management chief is partially relinquishing control of the business, which should come as no surprise. Mignonne Cheng is 70 years old and has spent 26 years at the group, including six as regional head of the private bank.
What has raised some eyebrows, however, is that she is handing over the title of Asia-Pacific chief executive, but staying on as chairman.
Succeeding Cheng in the CEO post is Pierre Vrielinck, previously CEO for Switzerland and emergi…
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