BNP Paribas Asset Management has appointed Rakesh Vengayil as deputy CEO for Asia Pacific. Additionally, he will also take over the role of CEO Hong Kong at the firm, replacing Tino Moorrees.
In his new role, Vengayil will oversee strategic projects and the company’s day-to-day business activities in the region. He will report to company’s Hong Kong-based CEO for Asia Pacific, Ligia Torres.
Vengayil joined BNP Paribas Group in India in 1998 and promoted as vice president and head of asset management operations at BNP Paribas Mutual Fund India in 2004.
He has also held senior executive roles in BNP Paribas AM’s India, Hong Kong and London offices.
Commenting on the move, Torres said: “As Asia continues to be an integral part and the growth engine of our global business, Rakesh’s experience stands him in good stead to build upon the already solid foundations established. I am confident that Rakesh will contribute to the development and execution of the company’s growth strategies.”
