French banking group BNP Paribas has named Sandro Pierri chief executive officer of BNP Paribas Asset Management, effective from 1 July.
Pierri (pictured above) will be based in Paris and report to deputy COO Renaud Dumora, who heads up the group’s investment and protection services division, which includes its asset management arm.
He replaces Frederic Janbon, who will become special advisor to Dumora, before leaving the group at the end of the year
Pierri has worked in asset management since 1989, initially as a portfolio manager with San Paolo Fondi. He joined BNP Paribas Asset Management in 2017 as head of the organisation’s global client group.
Commenting on the move, Dumora said: “The appointment of Sandro Pierri, who has more than 30 years of experience in the asset management industry and has been deputy CEO for BNP Paribas Asset Management since 1 January 2021, demonstrates the capacity of our asset management business to organise a seamless succession plan which will ensure consistency with the strategy developed by Frederic Janbon.
“Sandro has transformed BNP Paribas Asset Management’s Global Client Group into a client centric distribution platform to support the growth strategy of the business. This has proven successful with positive results in 2020, despite the impact of the pandemic.”