Money Management

BNP Paribas AM’s Asia, emerging markets COO named Asia-Pacific deputy CEO

Rakesh Vengayil, BNP Paribas Asset Management's chief operating officer, Asia and emerging markets, was named deputy CEO Asia-Pacific, effective Sept. 1.

The Hong Kong-based deputy CEO position is new, while Mr. Vengayil's previous position has been eliminated following a reorganization of the business since last year, said a spokeswoman in an email.

Mr. Vengayil will also add the role of CEO Hong Kong.

He replaces Tino Moorrees, who left the firm after two decades to pursue other opportunities, according to a BNP Paribas news release.

Mr. Vengayil reports to Asia-Pacific CEO Ligia Torres.