Bank of the West, which provides services including wealth management, has appointed a successor for its current chief executive who is set to join parent company BNP Paribas.

Bank of the West, part of France's BNP Paribas, has appointed Nandita Bakhshi as president and chief executive, replacing Michael Shepherd who will take on the role of chairman of BNP Paribas USA, the new holding company for all BNP Paribas subsidiaries in the US.

Bakhshi joins the San Francisco-headquartered firm from TD Bank, where she held several leadership positions, most recently as executive vice president and head of North American direct channels. She also served as executive vice president and head of consumer banking at TD Bank in the US.

“Her extensive experience in product and distribution, coupled with her visionary thinking, relentless customer focus and values-driven philosophy will serve us well in taking Bank of the West to greater heights,” said Stefaan Decraene, head of international retail banking for BNP Paribas.

Shepherd, who led Bank of the West for almost a decade, will take on his new role in June and will continue to serve as chairman of BancWest Corporation and of Bank of the West. He recently served as president of the Federal Reserve board's federal advisory council and previously as general counsel of Bank of New York.

Bank of the West provides wealth management, personal, commercial and international banking services from over 600 offices across 22 states. As of the end of the year, it had $75.7 billion in assets. 

Last month, Bank of the West Wealth Management promoted three executives in Southern California. Glenn Hamburger, market leader in Orange County, was promoted to senior vice president; Rachel DeLauro is now senior vice president and market leader responsible for greater Los Angeles markets; and Jack Keleshian became senior vice president and continues as market leader for the Pasadena market.