In a release, BNP Paribas Investment Partners (BNPP IP) announced today that Puay-Lit Tan has been appointed as Head of Official Institutions, Asia Pacific, in conjunction with his role as Deputy CEO, Singapore. He joined the firm on 7 November 2013.
Based in Singapore, Puay-Lit will also serve as Head of Institutional Business for South & South East Asia. He reports to T F Cheng, Head of Asia Pacific Institutional Business Development.
Commenting on the new appointment, Vincent Camerlynck, CEO of Asia Pacific of BNP Paribas Investment Partners said, ‘Puay-Lit’s appointment is a newly created role which demonstrates our commitment to strengthening our institutional business in the region. He brings with him strong industry knowledge, breadth and depth of expertise which will help our clients to meet their investment needs.’
T F Cheng, Head of Asia Pacific Institutional Business Development said, ‘We are delighted with Puay-Lit’s joining our firm. He brings to BNPP IP Asia Pacific his considerable experience with Official Institutions and Institutional Asset Management .
Official Institutions are a strategic and important group of clients for BNPP IP globally and in Asia-Pacific. Puay Lit's appointment reinforces our focus and ambition to deepen and grow our relationships with these core clients.’
Puay-Lit has held various positions dating back to 1987 and has worked for the Government of Singapore Investment Corporation as well as the Reserve and Monetary Management Department of the Monetary Authority of Singapore.
Prior to joining BNPP IP, he was Director of Institutional Client Business at BlackRock, and before that he was Client Director at Barclays Global Investors (BGI).
BNPP IP has a presence in Asia Pacific since 1994 with local asset management capabilities in 10 locations: Australia, China, India, Indonesia, Japan, Hong Kong, Korea, Malaysia, Singapore and Taiwan.
BNPP IP manages over EUR41.5 billion of assets in Asia Pacific (as of September 2013). With 850 full-time employees, including 200 seasoned investment professionals, the firm is well-positioned to serve the needs of its clients.
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