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.
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