The new team will be headed by chief executive Gilles Glicenstein (pictured), assisted by two deputy chief executives, Philippe Marchessaux and Pascal Biville.

The senior management team will continue to be supported by the executive committee chaired by Glicenstein and also comprising Biville, Vincent Camerlynck, Christian Dargnat, Guy de Froment, Marchessaux, Chantal Mazzacurati and Michel Anastassiades, chief executive of FundQuest and a new appointee to the committee.

Glicenstein has been chief executive of the asset management business line of BNP Paribas since June 2005 and was head of BNPP AM since 1999. From 1996 to 1999, he held the role of executive vice-president of BNP Gestions (the asset management arm of BNP). He joined BNP Group in 1994 as director of strategy and development and executive board secretary.

Marchessaux has been head of marketing and communications and a member of the executive committee of the asset management business line of BNP Paribas since 2005. He has over 20 years of industry experience and has held a range of senior positions in investment management. He began his career with BNP Paribas Group in 1987 as an equity and fixed income portfolio manager.

Biville has been chief operating officer of the asset management business line of BNP Paribas since 2005, and has worked in the financial industry for over two decades. Prior to becoming chief operating officer, he spent three years as secretary general of Crédit Lyonnais Americas in New York (now known as Calyon Americas).