BNP Paribas Peregrine's deputy CEO, Guillaume Dry will leave at the end of July to pursue personal goals and will be replaced by Jean-Claude Bergadaa.

Dry has spent the last few years refocusing BNP Paribas Peregrine's China strategy, turning it into a firm that chases China mid-cap deals. BNP's pipeline of ECM deals this year reflects the success of this strategy.

FinanceAsia will forever remember the first time we met Dry and heard this strategy over a lunch at Jimmy's Kitchen in Hong Kong two years ago. The enigmatic Dry appeared to smoke the better part of a box of cigarettes as he told us with incisive clarity about the firm's new China strategy over a three course meal.

His replacement, Bergadaa has worked for Credit Agricole in investment banking in Singapore, Stockholm and London, and says: "The firm has established a leading position in Asia, and in particular China, and I will strive to build on this by contributing my best for the firm."