BNPP AM appoints Steven Billiet as Head of Global Client Group after leading APAC for a year

Rick Steves

His widespread international experience will come in handy as he moves the Global Client Group forward and leads BNPP AM’s business development in the coming years.

BNP Paribas Asset Management has appointed Steven Billiet as Head of Global Client Group and a member of BNPP AM’s Executive Committee, effective from 1st August, reporting to Sandro Pierri, who was promoted to CEO of BNPP AM.

Mr. Billiet is currently based in Hong Kong and will relocate to Paris after the appointment of his successor in APAC.

Steven Billiet joined BNPP AM last year as CEO for the Asia Pacific operation and Head of Distribution APAC. Throughout that period, he refocused BNPP AM’s APAC business by accelerating commercial traction within wholesale distribution and by contributing to expanding the strategy in China, which will remain a key growth area for BNPP AM.

The industry veteran brings a wealth of knowledge of asset management and a clear understanding of client expectations after several years in senior roles, including six years as CEO of Singapore at JP Morgan Asset Management.

Prior to that, he worked at ING Investment Management, as Chief Executive Officer of Taiwan, then Australia, and subsequently Singapore. He joined that firm from ING Vysya Bank, where he was Head of Private Banking and Bancassurance, having previously been ING Investment Management’s Head of Product Development and Sales for Belgium.

His widespread international experience will come in handy as he moves the Global Client Group forward and leads BNPP AM’s business development in the coming years.

Sandro Pierri, Chief Executive Officer of BNPP AM, commented: “Steven’s experience at leading asset management firms will help further strengthen our Global Client Group. He will be instrumental in ensuring continuity and maintain focus on delivering sustainable investment returns for our clients. I have every confidence in his ability to offer our clients the best solutions and services in line with our core values and culture.”

In May, BNPP AM promoted Olivier de Larouzière as Chief Investment Officer for Global Fixed Income, based in Paris, and reporting to Rob Gambi, BNPP AM’s Global Head of Investments.

BNP Paribas has most recently enhanced its post-trade derivatives clearing capabilities by transitioning to the new FIS’ Cleared Derivatives Suite, which centralizes all main post-trade workflows onto a single, unified global system.

BNP Paribas will have FIS’ Cleared Derivatives Suite managing the full post-trade derivatives lifecycle, including reconciliations and post-trade processing requirements. The new FIS platform is expected to enhance operational efficiencies and reactivity, and reduce risk.

Read this next

Retail FX

ThinkMarkets expands CFDs lineup to over 4000 ETFs and shares

ThinkMarkets has expanded its service offering by incorporating 2500 new CFDs on shares and ETFs on its ThinkTrader platform.

Retail FX

France regulator warns investors of Omega Pro, Businessempire.fr

France’s financial markets regulator alerted investors that scams related to Omega Pro Ltd are beginning to circulate, with the blacklisted firm capitalizing on the situation to run a range of “unrealistic” offers.

Digital Assets

Web3 platform Grand Time paid $2 million in token earnings to date

Community-driven Web3 platform Grand Time said its offering – which includes a multifaceted platforms and its native token – has been gaining significant traction highlighted by impressive operational metrics.

Institutional FX

FX volumes at MOEX halved in April as ruble gains gorund

Currency trading at Moscow Exchange (MOEX) halted its upward route in April as monthly volumes nearly halved from a month earlier.

Digital Assets

FTX US adds stock trading, fractional shares to crypto platform

FTX US, the American subsidiary of crypto exchange FTX has kicked off stock trading feature to its customers in an effort to compete with popular platforms such as Robinhood and eToro.

Industry News

UK FCA empowered to remove brokers’ permissions in 28 days

Businesses with permissions they don’t need or use, risk misleading consumers. These new powers will enable us to take quicker action to cancel permissions that are not used or needed.

Industry News

CFTC charges $44m Ponzi scheme but millions may have fled to foreign crypto exchange

The CFTC alleged that defendants transferred millions of dollars to an off-shore entity that, in turn, may have transferred funds to a foreign cryptocurrency exchange. None of these funds were returned to the pool.

Technology

Saxo Bank deploys Adenza to address Basel and EBA requirements

The integration of ControllerView will enhance Basel-driven capital calculations and reporting at Saxo Bank in support of the bank’s multijurisdictional capital and liquidity reporting requirements throughout Denmark, Switzerland and UK, with plans to expand into the Netherlands.

Executive Moves

ComplySci appoints CTO, CPO, and CLO to further regtech’s product expansion

ComplySci offers compliance software used by more than 1400 global institutions to identify risk and address regulatory compliance challenges.

<