BNP Paribas WM replaces Asia CIO

French private bank BNP Paribas Wealth Management has hired Prashant Bhayani from rival JP Morgan Private Bank to fill the role of chief investment officer for Asia. Bhayani joined the bank in early January as managing director based in Singapore, replacing chief investment strategist Stefan Hofer, who left around October last year. Bhayani reports to Arnaud Tellier, head of investment services for Asia. Although the job title is different, Bhayani's role is practically the same…