Bank of the West in San Francisco announced Wednesday that it has named TD Bank executive Nandita Bakhshi as its next president and chief executive.

The $75.7 billion-asset unit of the French banking giant BNP Paribas also announced that outgoing CEO Michael Shepherd will take on a new role as chairman of BNP Paribas USA, a newly created holding company for all of BNP Paribas' U.S. subsidiaries. Shepherd, 60, will retain his role as chairman of Bank of the West.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.