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