BNP PARIBAS APPOINTS NEW HEAD OF WEALTH MANAGEMENT, INDIA
BNP Paribas Wealth Management today announced that Ravinder Singh has been appointed as Head of Wealth Management, India and Managing Director and CEO, BNP Paribas Wealth Management India Pvt. Ltd. Most recently, Mr Singh has led the front office team in India as Head of Sales since March 2016. He joined BNP Paribas Wealth Management in 2013 and brings more than two decades’ experience in the Indian wealth management industry to his new role.
Based in Mumbai, Mr Singh reports to Mr Samir Bimal, Head of Indian and International Markets who is located in Hong Kong, and to Ms Franciska Decuypere, Territory Head, BNP Paribas India.
In his new role, Mr Singh is responsible for the overall strategic direction and management of the Group’s wealth management division in order to further grow the franchise in India. BNP Paribas Wealth Management has retained its position as the top 5 wealth manager and the largest foreign bank in India by size of client assets in a recently released ranking1.
1 Source: Asian Private Banker 2018 India onshore AuM league table
Commenting on the appointment, Mumbai-based Ms Franciska Decuypere said, “BNP Paribas Wealth Management is an important contributor to our franchise in India. We are a significant player in Indian private banking and we have expanded our offerings and value proposition to become a wealth manager of choice for our clients.”
“Ravinder has been instrumental in developing our India onshore wealth management franchise,” added Mr Samir Bimal. “His understanding of the wealth management business, familiarity with the strengths of the BNP Paribas group and our target client pool will contribute significantly to our growth ambitions in India. I look forward to the business continuing to bring bespoke solutions to our clients and building our team in the territory.”
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About BNP Paribas Wealth Management (wealthmanagement.bnpparibas/Asia)
BNP Paribas Wealth Management is a leading global private bank and the largest private bank in the Eurozone. Present in three hubs in Europe, Asia and the US, over 7,000 professionals provide a private investor clientele with solutions for growing and transferring their wealth by creating long-term value for them, their family and the society in general. The bank has €377 billion worth of assets under management (as at 30 March 2019).
About BNP Paribas in Asia Pacific (www.apac.bnpparibas.com)
In Asia Pacific, BNP Paribas is one of the best-positioned international financial institutions with an uninterrupted presence since 1860. Currently with over 17,000 employees* and a presence in 13 markets, BNP Paribas provides corporates, institutional and private investors with product and service solutions tailored to their specific needs. It offers a wide range of financial services covering corporate & institutional banking, wealth management, asset management, insurance, as well as retail banking and consumer financing through strategic partnerships.
Worldwide, BNP Paribas has a presence in 73 countries with more than 196,000 employees. It has key positions in its three main activities: Domestic Markets and International Financial Services (whose retail-banking networks and financial services are covered by Retail Banking & Services) and Corporate & Institutional Banking, which serves two client franchises: corporate clients and institutional investors. Asia Pacific is a key strategic region for BNP Paribas and it continues to develop its franchise in the region.
* excluding partnerships