BNP Paribas has appointed Sandro Pierri as chief executive officer of BNP Paribas Asset Management, its asset management arm, effective July 1.
Based in Paris, Pierri will report to Renaud Dumora, who will assume the role of deputy chief operating officer of BNP Paribas from May 18, in charge of the investment & protection services division of the group, which includes BNP Paribas Asset Management, alongside BNP Paribas Cardif, BNP Paribas Wealth Management and BNP Paribas Real Estate.
Pierri succeeds Frédéric Janbon, who will become special adviser to Dumora to ensure the transition, before leaving the group at the end of the year to pursue other professional opportunities.
Jean-Laurent Bonnafé, CEO of BNPP Group, comments: “I would like to sincerely thank Frédéric Janbon for his overall contribution to the BNP Paribas Group, in which he spent most of his professional career. During his tenure at the head of fixed income and up until 2014, he successfully built and ran a powerful and recognized fixed income and debt capital market franchise. Since 2015, he has refocused and transformed our asset management activities into a fully integrated platform delivering solid investment performance to our clients. Under his leadership, BNP Paribas Asset Management has become a global leader in sustainable investment.”
Pierri has more than 30 years’ experience in the asset management industry, and has been deputy CEO for BNP Paribas Asset Management since January 1 2021. Dumora says: "Sandro has transformed BNP Paribas Asset Management’s Global Client Group into a client-centric distribution platform to support the growth strategy of the business. This has proved successful with positive results in 2020, despite the impact of the pandemic. As CEO, he will uphold the strategy, philosophy and values of the firm within the framework of our Group business development plan and will reinforce the leadership of BNP Paribas Asset Management in sustainable investment.”
Pierri joined BNPP AM in 2017 as head of the Global Client Group, its global sales and marketing organization, and has made a notable contribution to implementing BNPP AM’s growth plan, positioning it as a key player offering high added value investment solutions for individual savers, companies and institutions.
He began his career in 1989 as a portfolio manager with San Paolo Fondi, moving to BNL Gestioni in 1992, before joining ING Investment Management in Italy in 1994, where he held several commercial roles.
Between 2002 and 2003 he was chief executive of ING Group’s Italian retail business. Following the acquisition by UniCredit/Pioneer of ING’s Italian business, he joined Pioneer Investments, UniCredit’s asset management division, in 2004. He spent 10 years in various commercial and managerial positions, including being appointed CEO in 2012. Pierri graduated in Economics from the Università degli Studi di Torino, Italy.