BNP Paribas’ asset management arm has announced the appointment of a new chief executive for Asia Pacific.

Mike Nikou joins BNP Paribas Asset Management as its CEO and head of distribution for APAC, according to a statement, succeeding Steven Billet who was named head of the global client group in August last year.

In his new role, Nikou will start work at the Singapore office before relocating to Hong Kong. He is tasked with overseeing the business in the region with a focus on expansion in China. Nikou will also report to Billet, who is now based in Paris, and regionally to APAC head of BNP Paribas Paul Yang.

Nikou has 30 years of financial experience, including more than 20 years with Fidelity International in various senior roles. He was most recently a global partner at Antler (Singapore), a venture capital firm that invests in early-stage tech companies.