BNP Paribas has made a quadruple addition to its exchange traded funds (ETFs) and index solutions team with four appointments across all levels of the business.
Maude Rivierre Bianchi joined the firm in late April as a Product Specialist in the Paris office, reporting to the head of ETF development Bertrand Alfandari. She is joined by Chiara Solazzo who has also already joined the company as a member of the ETF and Index Solutions sales team based in Milan and who reports to Sabrina Principi, head of ETF Sales for Italy and Spain.
Rivierre Bianchi started her career in 2005 as a hedge fund analyst at Natixis Asset Square, which became Natixis Multimanager in 2007. In 2012, she was appointed to the alternative multi-management team, and in June 2015 she joined the development department of VEGA Investment Managers as a product specialist.
Solazzo began her career as an ETF and ETC sales trader at Unicrédit-HVB in Milan in 2008. In 2011, she joined Crédit Suisse Italy SPA as an ETF product specialist, before joining Blackrock's ETF iShares sales team in 2013.
They join Victor Volard, who recently joined the sales team covering French clients, and Nitharshini Thevathas whose name is now added to the product development team.
The appointments are the latest outward sign of the strategic growth plan being implemented within BNP by Isabelle Bourcier, the company's head of quantitative and index management. Under the terms of the plan as set out by Bourcier, the company hopes to double its assets under management in ETFs and index solutions, supported by significantly strengthening its sales and product development teams.
Said Bourcier: "The new organisational structure that BNP Paribas Asset Management has established is already showing results, and since I joined in mid-2016, we have accelerated our recruitment programme to reinforce our team responsible for the development of ETF and index solutions."
The team at BNP now numbers 28 including 10 managers and 18 business development executives based across Europe including in France, Germany and Italy.
The company said its asset under management had drown to €19.5bn by the end of December last year as the company continued to progress under the strategic plan.
"We intend to pursue this expansion with further recruitments before the end of this year," Bourcier added.