BNP Paribas today announced that Bing Chen has been appointed CEO of BNP Paribas (China) Limited, effective immediately, following the retirement of Peter Kwok after a long and successful career with the bank.
Mr Chen will lead and further BNP PARIBAS China’s growth focusing on synchronizing client expansion, investing in product development, and strengthening market leader position to best serve our clients’ fast-changing needs across regions and business lines.
Head of Greater China Paul Yang commented: “We will continue to adapt and optimise our onshore and offshore offerings. Bing will work in close coordination with our regional business heads to deepen and widen our corporate and institutional client base by helping both Chinese and multinational corporations to grow in and out of China, leveraging the strength of our global platform across Asia Pacific, Europe, and the Americas.”
“Bing will build upon the solid foundations and the success of our Greater China strategy. Under Peter’s leadership, BNP Paribas in China has well-managed its risks and efficiencies, ranking among the top foreign banks in China in terms of profitability. We thank Peter for his great dedication and contribution to our China growth in this dynamic market.”
Most recently, Mr Chen was the Head of Corporate and Business Development for Greater China and Head of BNP Paribas’ RMB Competence Centre. Before joining the Bank, Mr Chen spent 20 years across the United States, Europe, and China holding executive management positions in banking, trading, and structured finance businesses. Mr Chen is a US CPA and received his MBA from Columbia University in New York.
Based in Shanghai, Mr Chen will report to Mr Yang, Head of Greater China.