BNP Paribas has promoted Sylvain Magne to head of equity-linked Asia Pacific and deputy head of equity capital markets for North Asia.
Magne relocated to Hong Kong from Paris just before the Chinese New Year to take on the role, a source familiar with the matter said, and will report directly to Christopher Wong, co-head of ECM, Asia Pacific.
A spokeswoman for BNP Paribas declined to comment on the move when contacted by FinanceAsia.
Magne will take on some of the responsibilities of former head of Asia equity syndicate Gary Chan, who left the French bank in December, according to the source close to the matter.
Magne has been with BNP Paribas for more than eight years, most recently working in Paris overseeing all equity capital market transactions for Spain and Portugal. In addition to initial public offerings and placements, Magne has experience in equity-linked transactions, the source added.
Before joining BNP Paribas in January 2007, Magne worked at the Ministry of Finance in Paris in its budget division, according to his LinkedIn profile.
Chan, who could not immediately be reached for comment, left BNP Paribas in December after only a year and a half at the bank, the source told FinanceAsia.
He initially joined BNP Paribas in July 2013 as head of Asia equity syndicate in Hong Kong. At the time, Chan took over from Hugo Leung, who was promoted to deputy chief executive officer of BNP Paribas’ securities operations in Asia, as well as Greater China head of global equities and commodity derivatives.
Chan joined the French bank after less than two years at ICBC, the international investment banking arm of Industrial and Commercial Bank of China. Press reports at the time said Chan left ICBC due to the working environment, corporate culture and politics, as well as difficulties in getting deals done at Chinese banks.
He previously worked at Macquarie for six years. He joined the Australian bank in 2005 as head of syndicate and later became head of Greater China ECM.
Before moving to Macquarie, he worked at ABN Amro Rothschild and BZW in Sydney for eight years. BZW was taken over by ABN Amro during his time there.