Bloomberg News reports that Michel will be based in Bahrain and replaces Jean-Christophe Durand who left the bank, according to an e-mailed statement, which didn’t give a reason for Durand’s departure.
Michel has been country head for India since December 2009 and was previously deputy chief executive officer for Fortis Asia-Pacific in Hong Kong, BNP Paribas said.
In his new role, Michel will be country head for Bahrain and supervise the bank’s operations in Saudi Arabia, the United Arab Emirates, Kuwait, Qatar, South Africa and Morocco.
In the meantime, Bloomberg also reports that Bhupinder Singh, Deutsche Bank’s co-head of Asia-Pacific corporate banking and securities, is leaving after two years in the role, people familiar with the matter said.
Singh will stay for a few months until a replacement is announced, one of the people said, asking not to be identified as the information is confidential.