Paris, 10 February 2009- BNP Paribas Investment Partners has announced the appointment of Jean Audibert as President of New Markets Asia (Hong Kong) and Patrick Mange as Deputy CEO of Shinhan BNP Paribas Asset Management (Seoul).
As President of New Markets Asia, Jean Audibert will supervise existing joint ventures in Asia (South Korea and China) and partner relationships. He will also seek new development and partnership opportunities in the region. Jean Audibert, who will be based in Hong Kong, will work closely with the local BNP Paribas Investment Partners teams and will take an active part in its expansion in Asia.
Jean Audibert has for the past three years been President and CEO of Shinhan BNP Paribas Investment Trust Management Company which has become one of the largest player in the Korean asset management market. During his career of over 30 years with the BNP Paribas Group, including twelve years spent in Asia, Jean Audibert was successively: the Group’s number two in Singapore, Director for Southern Korea, and head of the Trade Finance and Cash Management business lines. Jean Audibert graduated from the Ecole Supérieure de Commerce in Toulouse in 1974.
Patrick Mange is appointed as Deputy CEO of Shinhan BNP Paribas Asset Management, the new entity resulting from the merger of Shinhan BNPP ITMC and SH AMC, which became effective on 2 January, 2009. He will head the investment management teams (equities, interest rates, alternative investment and international funds) of the new entity. Patrick will also be in charge of the Research division as well as the Financial Engineering and Product Specialist teams. The quality of the combined teams will build a strong platform able to meet the requirements of Shinhan Financial Group clients and external distributors.
Patrick Mange has been the Head of Investment Strategy for BNP Paribas Asset Management since 2001. Before joining BNP Paribas Asset Management, Patrick worked for Merrill Lynch Capital Markets France as Euro Area Strategist. Prior to that, he was Chief Economist and Head of Fixed Income Research at Deutsche Bank AG in both Frankfurt and Paris. Patrick Mange holds a doctorate in economics from the University of Freiburg, Germany (1987).
International growth is a major component of BNP Paribas Investment Partners’ strategy. Over the past 10 years, BNPP IP has acquired strong expertise in emerging markets and has established a network of subsidiaries in Argentina, Brazil, Chile, China, India, Korea, Saudi Arabia, Morocco and Turkey, with assets under management of EUR 25 billion at end September 2008.
Sandrine Romano (BNP Paribas Investment Partners) 01 58 97 74 49
Céline Castex (BNP Paribas) 01 42 98 15 91
About BNP Paribas Investment Partners
BNP Paribas Investment Partners (www.bnpparibas-ip.com) brings together the full palette of asset management expertise of the BNP Paribas group. Through a unique platform that offers immediate and simplified access to a broad range of specialist Partner companies, BNP Paribas Investment Partners has become a leader among the multi-specialist asset managers. At 30 September 2008, assets under management amounted to €326 billion*, nearly half of which was managed for institutional clients. With 2,400 professionals serving clients in 70 countries, BNP Paribas Investment Partners draws on over half a century of asset management experience and has seen ten years of steady growth through acquisitions and joint ventures.