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.

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