Frédéric Janbon is to replace Philippe Marchessaux as chief executive of BNP Paribas Investment Partners.
Marchessaux, who oversaw the integration of ABN Amro Asset Management and the investment management business of Fortis into BNP Paribas, is to remain with the company in as-yet-unannounced role.
Janbon – who has more than 25 years of experience, including within the derivatives and options market and the interest rate teams within the French Bank – assumed his new role this week.
He was named global head of fixed income in 2005, a position he held until last year.
Jacques d’Estais, BNP Paribas Group deputy COO, thanked Marchessaux for his work at the investment manager over the past six years.
“I have every confidence in Frédéric’s ability to reinforce our range of investment solutions for institutional clients, distributors and individual customers in what is a highly strategic business for the BNP Paribas Group,” he said.
Marchessaux was also previously head of the company’s institutional business line, a role that was handed to David Kiddie last year.
Janbon’s promotion follows on from the appointment of a new head of equity derivatives strategy at BNP Paribas Corporate and Institutional Banking.
Edmund Shing will be responsible for strengthening the bank’s equity derivatives strategy by developing trade ideas for clients, focusing on derivatives, markets and cross-asset research.