Benoit Picard, a senior member of BNP Paribas Investment Partners team, has become head of structuring, guaranteed and asymmetric solutions for Theam recently formed venture combining BNP Paribas Asset Management’s Sigma team with Harewood Asset Management. He replaces Pierre Picard, who has moved to an undisclosed role at BNP Paribas. Picard will be in charge of manufacturing and structuring formula-based funds, including BNP Paribas Theam's range of protected funds. No reporting lines upwards