BNP Paribas Appoints Claus Hecher as its Head of Business Development

BNP Paribas Investment Partners, the asset management unit of Europe's BNP Paribas Group, has appointed Claus Hecher as its newest Head of Business Development for Germany, Austria and German-speaking areas of Switzerland, Finance Magnates has learned.

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In his new role as the Head of Business Development at BNP Paribas Investment Partners, Mr. Hecher will be tasked with the expansion of distribution to its existing indexed fund and Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term-traded-funds (ETF) ranges, as well as fostering the continued development of the group’s Smart Beta ETFs across the German, Austrian, and Swiss markets.

In this capacity he will be reporting to Isabelle Bourcier, BNP’s Head of ETF and Indexed Fund Activities. He steps into the new position only in September and will be based out of BNP’s Munich branch.

According to Ms. Bourcier in a recent statement on the appointment: “We are very pleased to welcome Claus Hecher to BNP Paribas Investment Partners. His extensive experience of the asset management industry, combined with his excellent knowledge of German-speaking markets, will be a considerable asset in the development of BNP Paribas Easy among investors in Germany, Austria and German-speaking Switzerland.”

The appointment at BNP Paribas is the second this month, after the group brought in a new senior banker, recruiting Mick Wiedrick from JPMorgan to join the lender’s New York syndicate desk. The shuffling of senior banking personnel has been a continued trend in 2016, with global lenders in the UK, Europe, and the US each experiencing a flurry of moves.