BNP Paribas appoints former AMP Capital CIO
BNP Paribas Investment Partners (BNPP IP) has appointed David Kiddie as chief executive of its Institutional Business Line.
The asset manager announced the appointment this week, saying that Kiddie would begin his new role from 30 June, succeeding Philippe Marchessaux who had managed the Institutional Business Line in addition to his duties as chief executive of BNP Paribas IP.
It said Kiddie would be based in London and would report to Marchessaux.
Before joining BNP Paribas, Kiddie spent more than four years as chief investment officer at AMP Capital Investors, prior to which he was CIO at ABN AMRO Asset Management.
Recommended for you
Private wealth manager Escala Partners has increased its alternatives allocations to more than a third in the past three years, describing the asset class as offering “fertile ground” for diversification.
The Financial Services Council has recommended implementing a per capita limit per annum for financial advisers when it comes to the CSLR levy to allow them to expand their business without levy uncertainty.
DASH Technology Group has seen a 49 per cent uplift in its carrying value and is completing a new capital raising, having already received $30 million from growth investor Bailador.
At the halfway point of the year, consolidation pressures continue to drive financial services M&A with three areas identified as targets for asset and wealth managers, according to PwC’s mid-year outlook.
