BNP Paribas today announced that Andrea Munari is proposed as CEO and General Manager of BNL. The Nomination Committee of BNL, which operates within the Board of Directors and is composed by Roger Abravanel, as Chairman, Silvia Merlo and Mario Girotti as members, met today.
The Chairman of BNL, Luigi Abete, took part in the meeting and proposed, in agreement with the Shareholder BNP Paribas, to recruit Mr Andrea Munari as General Manager of BNL and to appoint him to the Board of Directors, conferring him the powers of CEO.
Andrea Munari will also be appointed Member of the BNP Paribas Executive Committee and Head of the BNP Paribas Group in Italy.
The Nomination Committee examined the professional curriculum of Andrea Munari, CEO of Credito Fondiario SpA, former General Manager of Banca IMI and long-standing Managing Director of Morgan Stanley and Barclays in London. He is currently Member of the Board of the London Stock Exchange and Deputy Chairman of Borsa Italiana.
The Nomination Committee strongly appreciated the vast international experience and important positions held by Mr. Munari, and thus resolved to propose to the Board of Directors, convened on 26 November, 2015, to recruit Andrea Munari as General Manager and to appoint him, at the same Board Meeting, as Member of the Board, consequently conferring him the powers of CEO.
BNL, with over than 100 years history, is today one of the leading Italian banking groups and among the best known corporate brands in Italy. With around 1.000 branches throughout the country - between Agencies, Private Banking Centres, Business Centres "Creo per l’Imprenditore", Corporate and Public Administration Centres - BNL offers to customers solutions, products and services, from the traditional to the more innovative ones, dedicated to individuals, corporates and institutions. Since 2006, BNL is part of BNP Paribas, a leading international banking group, present in 75 countries with more than 185,000 employees, almost 145,000 of these in Europe where the Group operates – through the retail bank – in four domestic markets: Belgium, France, Italy and Luxembourg. BNP Paribas holds key positions in two major business areas: Retail Banking & Services and Corporate & Institutional Banking.
About BNP Paribas
BNP Paribas is present in 75 countries with more than 185,000 employees, including 145,000 in Europe. It ranks highly in its two core activities: Retail Banking & Services (comprised of Domestic Markets and International Financial Services) and Corporate & Institutional Banking. In Europe, the Group has four domestic markets (Belgium, France, Italy and Luxembourg) and BNP Paribas Personal Finance is the leader in consumer lending. BNP Paribas is rolling out its integrated retail banking model across Mediterranean basin countries, in Turkey, in Eastern Europe and a large network in the western part of the United States. In its Corporate & Institutional Banking and International Financial Services activities, BNP Paribas also enjoys top positions in Europe, a strong presence in the Americas and solid and fast-growing businesses in Asia-Pacific.