There is a change at the top of the bank's Taiwan asset management arm.

BNP Paribas Asset Management, part of BNP Paribas, has appointed former Fidelity senior figure Rick Chen as its Taiwan chief executive. Chen takes over from Christine Jih, who has decided to retire from the asset management industry.

In addition to managing BNPP AM's Taiwan daily operations, Chen is also responsible for managing relationships with both internal and external stakeholders while representing BNPP AM’s global capabilities to local clients.

Chen has more than 20 years of experience in the financial services industry and was most recently Taiwan head of Fidelity. Prior to that, he held various senior positions at the consumer banking arm of Citi, Standard Chartered Bank and GE Money.

Chen will report to Singapore-based Christian Bucaro, co-head of Distribution Asia-Pacific, for matters relating to the commercial development of Taiwan and functionally to Ligia Torres, BNPP AM’s CEO for Asia-Pacific, based in Hong Kong.

Chen also joins the organisation’s Asia-Pacific regional leadership team.