Johanna Lasker has been named the new CEO of BNP Paribas Asset Management USA, effective Jan. 1, executives at the firm said.
Ms. Lasker, who is the head of official institutions for BNP Paribas Asset Management, will retain the title upon becoming CEO of the unit next year, Ms. Lasker said in a phone interview.
In her new role, Ms. Lasker will be responsible for BNPP AM's strategy, leadership, governance and regulatory matters, a news release said Wednesday.
She will replace Daniel Klein, who will be returning to Europe after five years as CEO and four years as deputy CEO of BNPP AM USA, the news release said.
Mr. Klein will be moving to a new role at BNP Paribas Asset Management, which he wasn't able to comment on, he said in a phone interview.
As head of official institutions, Ms. Lasker oversees an investor client segment that includes government and quasi-qovernment institutions, such as central banks, sovereign wealth funds, government agencies and supranational investors around the world, Ms. Lasker said.
In her role as asset management USA CEO, Ms. Lasker will report to Sandro Pierri, global head of client group, BNPP AM. She will also report locally in the U.S. to Jose Placido, CEO of BNP Paribas Corporate & Institutional Banking Americas.
On Wednesday, BNP Paribas also named Amanda Raynor, who is currently chief operating officer of BNPP AM USA, as deputy CEO of the asset management USA business, reporting to Ms. Lasker.
Ms. Raynor will retain her role as COO and will support Ms. Lasker with direct local oversight of legal, finance and control functions, effective Jan. 1, the news release said.
BNP Paribas Asset Management is the asset management arm of BNP Paribas. The unit had €445 billion ($520.9 billion) in assets, as of Sept. 30.
