Michel Fryszman was named head of structured finance at BNP Paribas Asset Management, a spokesman said.
Mr. Fryszman replaced Stephane Blanchoz, who had been named head of the small and medium enterprise advanced solutions direct lending platform at BNP Paribas AM.
Mr. Fryszman is responsible for the design and implementation of European private securitization strategies and specialty finance assets, including consumer loans, residential mortgage loans and trade finance loans.
"Michel Fryszman has considerable industry experience covering a range of areas within structured finance, and his securitization expertise will be invaluable as we expand our capabilities in this area of the market," said Laurent Gueunier, head of real assets, small and medium enterprise lending, and structured finance, in a news release.
Mr. Fryszman joined from AXA Investment Managers where he was head of mortgages and specialty finance. A spokeswoman could not be reached to comment about a replacement.
BNP Paribas Asset Management has €7.7 billion ($9.4 billion) in private debt and real estate assets under management, including more than €1 billion in European securitization funds.