BNP Paribas promotes veteran to global trading function head for asset management

Sophie Lugiez replaces Philippe Boulenguiez as head of global trading function at BNP Paribas Asset Management after 25 years with the French investment bank.

BNP Paribas Asset Management has appointed a new head of global trading function, replacing the former lead who was recently promoted to global chief operating officer of the investment firm.

Sophie Lugiez, a 25-year BNP Paribas veteran, assumed the role of head of global trading function at BNP Paribas Asset Management on 12 May, overseeing all trading, foreign exchange hedging, cash management and sell-side relationships.

Lugiez has been working at BNP Paribas since 1995 in various roles within legal, wealth management and securities services. In 2014, she took on the role of chief operating officer and then deputy CEO of BNP Paribas dealing services. Lugiez was also actively involved in establishing the global trading function at BNP Paribas Asset Management, and led various projects on issues such as Brexit readiness and the automation of trading.  

“The changing regulatory environment and technological advancement have transformed the buy-side dealing function in recent years and Sophie’s broad experience of these areas means that she is ideally suited to managing and developing BNPP AM’s high-quality dealing platform,” said BNP Paribas Asset Management’s global head of investments, Rob Gambi.

Lugiez replaces Philippe Boulenguiez who previously led the asset manager’s trading activities, following his promotion to global chief operating officer at the firm. Boulenguiez was previously global head of BNP Paribas dealing services, and chief operating officer of the bank’s institutional business, and has been with BNP Paribas Asset Management since 2005.

“Philippe has more than 20 years of well diversified experience in asset management. This experience, combined with his managerial expertise, makes him ideally suited to this role, and his contribution will be essential to the implementation of our development plan,” Frédéric Janbon, CEO of BNP Paribas Asset Management, commented upon Boulenguiez’s appointment last month.