Saturday, 21st November 2009

 

BNP Paribas Wealth Mgmt Names New Head For Hong Kong, N Asia

BNP Paribas S.A.'s wealth management business said Wednesday it appointed Thierry Dana as the unit's new chief executive for Hong Kong and North Asia.

Dana, who is currently regional manager of Switzerland, Southern Europe and Latin America for BNP Paribas Wealth Management, will replace Claude Haberer, who will become head of key clients for Asia. Both appointments take effect Oct. 1.

Dana will report to Serge Forti, Asia-Pacific chief executive officer for its wealth management business.

-By Ellen Sheng, Dow Jones Newswires; 852-2832-2336; ellen.sheng@dowjones.com

Tags: BNP Paribas Wealth Management

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Relocation, relocation, relocation

Banks have never been shy of firing staff at the merest whiff of a downturn. First the fat, then the muscle and finally the bone. In the past, cuts have been so deep that firms have found it hard to benefit when the markets rebounded, paying over the odds to restaff at speed. Such wild oscillations in staffing numbers are known as “doing a Merrill”.

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