BNP Paribas Wealth Management loses three senior Greater China private bankers, sources said, after shortlived stints of under 12 months.
Andrew Wong, Peter Lam and Richard Chi will exit the French lender’s private wealth management arm.
A spokesperson for the bank declined to comment on the exits.
Wong joined the bank in late 2018 as head of China at BNP Paribas Wealth Management and was subsequently made co-head of the market when the bank appointed ex-HSBC private banker Philip Wong as its other co-head. Wong has over 20 years of senior private banking roles and was most recently with Credit Suisse before joining BNP Paribas.
Lam reportedly joined BNP Paribas Wealth Management in March this year from Standard Chartered where he was last a managing director and deputy market head. He has over 30 years of China banking experience including with HSBC Private Banking, UBS and Citi.
Chi’s license records with BNP Paribas kickstarted on June 29, just two months ago. He previously spent more than 12 years with Bank of Singapore and the former ING Asia Private Bank.
The senior trio’s stay with the bank was short-lived after BNP Paribas sought to replenish its North Asia front office after a number of outflows last year including Wong’s predecessor, Alfred Tsai, who left to join UBP.