Tan who joined the firm on 7 November will be based in Singapore and will also serve as head of institutional business for South & South East Asia.
“Tan’s appointment is a newly created role which demonstrates our commitment to strengthening our institutional business in the region,” Vincent Camerlynck, chief executive of Asia Pacific of BNP Paribas Investment Partners said.
“The new role was created to reinforce our focus and ambition to deepen and grow our relationships with institutional clients, who are our important group of clients for BNPP IP globally and in Asia-Pacific,” BNP Paribas IP replied to a query.
The deputy CEO, Singapore role was previously undertaken by Daryl Ee, who left in September to pursue opportunities outside BNP Paribas Investment Partners, the company added.
Tan reports to T F Cheng, head of Asia Pacific institutional business development.
“Official institutions are a strategic and important group of clients for BNPP IP globally and in Asia-Pacific,” Cheng said.
As a part of its expansion drive, BNPP IP had in September appointed Ligia Torres as head of Asia-Pacific and emerging markets and Vincent Camerlynck as chief executive for Asia Pacific in September.
Tan has held various positions since 1987, and has worked for the Government of Singapore Investment Corporation as well as the Monetary Authority of Singapore. He was also director of institutional client business at Blackrock and client director at Barclays Global Investors.
BNPP IP has a presence in Asia Pacific since 1994 with local asset management capabilities in Australia, China, India, Indonesia, Japan, Hong Kong, Korea, Malaysia, Singapore and Taiwan.
As of September-end, the fund house managed assets of more than €42bn ($56bn, £35bn) in the Asia Pacific region. Globally, the investment manager had total assets under management of €473bn ($636bn, £396bn) as of the end of September.
