BNP Paribas Investment Partners’ Asia-Pacific chief executive, Stewart Edgar, left the French firm earlier this month. He has been replaced by deputy regional CEO Vincent Camerlynck (pictured below), who joined BNPP IP in July 2009.
"Stewart Edgar has resigned his position in order to explore opportunities outside of BNP Paribas Investment Partners," a spokeswoman tells AsianInvestor.
AsianInvestor could not ascertain Edgar's next destination by press time.
He had been in the Hong Kong-based role since April 2010, before which he was head of Asia, the Middle East, Africa and Turkey at Fortis Investments, which merged with BNPP IP early in 2010. He had served with Fortis and BNPP IP combined for more than 15 years.
BNPP IP's Asia-Pacific assets under management stood at $60.1 billion on May 31, down from $64.7 billion on December 31, 2009. The firm has Asia-Pacific operations in Australia, Brunei, China, Hong Kong, India, Indonesia, Japan, Korea, Malaysia and Taiwan. Its global AUM stood at $645 billion as of May 2013.
Edgar has 27 years of asset management experience. Before joining Fortis, he was head of European equity at Foreign & Colonial Management in London from 1993 to 1996. He held a similar position at HD International in London from 1990 to 1993.
From 1986 to 1990, Edgar worked in New York as director of global research at Fiduciary Trust Company International. He started out as an investment manager on the European desk at Ivory & Simple in Edinburgh in the UK, a post he held from 1983 to 1986.