BNP Paribas just hired a new Hong Kong head from Julius Baer
BNP Paribas Wealth Management has hired Hong Kong-based Timothy Fung as a managing director and head of equity advisory Asia. Fung joined the bank earlier this month from Julius Baer, where he spent just over five years as head of investment specialists for Asia equities, according to his LinkedIn profile.
Fung reports into Gabriel Chan, who was BNP Paribas WM’s previous equity advisory head until he was appointed to lead investment services for Hong Kong in June last year.
We understand that Fung is responsible for strengthening the French bank’s equity advisory platform, in particular its coverage of Hong Kong and China. He is also working closely with BNP Paribas’ product teams to enhance cross-asset product coordination. BNP Paribas declined to comment on Fung’s move.
His appointment follows a spate of changes within BNP Paribas WM’s ranks in Asia. In late November, Andy Chai, co-CEO of Asian wealth, left the bank. Chai, along with Arnaud Tellier, was only promoted into his role in early October, replacing outgoing APAC wealth chief Pierre Vrielinck, who returned to work for the firm in France. That same month, David Lim was made head of wealth management for Singapore and Southeast Asia, taking over from Tellier, who is now the sole CEO for Asia.
BNP Paribas WM managed $89.4bn in Asian assets in 2018, making it the seventh largest private bank in Asia (and placing it three spots behind Fung’s former firm Julius Baer), according to the latest available data from Asian Private Banker.
Fung worked for Deutsche Bank Wealth Management between 2012 and 2014 as head of equities advisory for Asia. He was with Credit Suisse’s private bank in Hong Kong from 2006 to 2011, as a China equities strategist and then as head of China research.
Photo by Sébastien Goldberg on Unsplash
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