Etienne's mandate will be to ensure that Private Banks' needs are well addressed by CIB, and that efforts are coordinated across business lines, regions and functions. PBRM's broad objective will be to help each business line to maximize its service with Private Banks.
Etienne Barel will be based in Paris and report jointly to the Sales management of Equity Derivatives and Fixed Income; Rémi Frank and Eric Le Brusq in Equity Derivatives, and David Brunner and Paul Hearn in Fixed Income.
Commenting on this important strategic appointment, Jacques d'Estais, global head of CIB said: “We have a high regard for Etienne Barel, who has a long history within our Group in various positions and who, until end of this year, was Head of French High Net Worth Individuals coverage. We are very confident that he will be successful in building high level relationships with this particularly important segment of clientele for CIB”.
Inspecteur des Finances, Etienne Barel joined BNP Paribas in 1998 in Group Corporate Development. Then he moved to BNP Paribas' French Retail Banking network before being appointed CEO of BMCI (BNP Paribas' subsidiary in Morocco). Since December 2005, Etienne was Head of Wealth Management for BNP Paribas Private Banking in France.
About Corporate and Investment Banking at BNP Paribas
BNP Paribas Corporate and Investment banking division (CIB) has 15,000 employees, deployed in over 52 countries around the world. It operates in advisory and capital markets (Corporate Finance, Equities, Fixed Income) as well as in financing businesses (Energy, Commodities, Export and Project Finance and Structured Finance). CIB excells in three fundamental sectors in particular:
Derivatives - it is one of the leading global players in rates, credit, forex, commodity and equity derivatives
Capital markets - it is amongst the top ten Euro houses for both ECM and DCM (bond issues, securitization, convertibles and shares).
Structured finance - it is amongst the world leaders for acquisition, export, project and commodity finance.
For further information please visit our website athttp://cib.bnpparibas.com/