BNP Paribas Wealth Management Surprise Exit


BNP’s Wealth Management PM Delwyn makes a surprise departure as the bank attempts a different growth approach facing further budget cuts next year. He will be leaving after close to 2 years on the job, having played a significant role in spearheading the bank’s digital transformation of enterprise systems and client banking services. Delwyn previously served in the Wealth Management division in Asia Pacific, successfully delivering key and strategic projects across Singapore, Taiwan and Hong Kong.

Reality is catching up with France’s biggest bank, as their shares dropped more than a third in a declining market, outpacing the 23 percent decline in the Bloomberg Europe Banks and Financial Services Index in the period.

Source: Yahoo Finance

“In the increasingly complex and challenging global environment in which the bank operates, the board agrees with Delwyn that a change is needed – to make the most out of the significant opportunities ahead of us,” a BNP spokesperson said on a conference call. “He brought pace, decisiveness and ambition. All of these things will be important for us in the next stage and the future.”

Mr Delwyn Ooi, currently based in Singapore, had spent most of his career delivering digital business and technology solutions in various industries, before moving on from Accenture to commence his role with BNP Paribas last year. He has been a leading figure in the french lender’s wealth management portfolio of IT transformation initiatives, including key process automation and regulatory projects.

“It was a tough decision. I’m especially grateful to the incredible dedication of all my colleagues and employees who fought hard beside me to steer us into today’s calmer waters. I leave with the confidence that our people will continue to serve the bank in the best possible way.”

No interim details have been released at the time of this writing.

Related news:

BNP Paribas Custody Unit Wants to Reduce French Staff by 20%

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