In his new capacity Jacques Michel will be responsible for further enhancing the growth of BNP Paribas' franchise with an emphasis on extending client coverage and intensifying links with the Indian business community, with whom the bank has already had strong relationships. Jacques Michel will develop and reinforce the BNP Paribas partnerships that form a crucial part its Indian strategy. Mr. Michel is a seasoned banker and has experience across market cycles as well as a comprehensive knowledge of the Asia-Pacific region.
Jacques Michel said: “I am deeply honored and enthused to be working at BNP Paribas and heading its Indian operations. BNP Paribas has a strong presence in India and a clear ambition to grow both organically and through partnerships, as India is a strategic country for the group. I have had the opportunity to visit India several times in my 18 years working in the Asia-Pacific region and have been impressed with the entrepreneurial spirit and creativity of the country. Our success in India will essentially rely on BNP Paribas' talents and the dedication of our teams. In my opinion local knowledge, networking and long lasting relationships are key factors for strong franchise in India. I am excited and energized by the opportunity to sustain the growth and improve our ability to serve our clients effectively and efficiently.”
Prior to joining BNP Paribas India, Jacques Michel was Deputy Chief Executive Officer and Chief Risk Office, Fortis Asia Pacific based in Hong Kong since January 2008. He has worked in Asia for 18 years, 10 of which have been in Hong Kong. Jacques Michel has served with Credit Lyonnais then Calyon from 1996 to 2007 as Senior Country Officer in Thailand and as Chief Risk Officer for Asia Pacific in Hong Kong.
About BNP Paribas
BNP Paribas (www.bnpparibas.com) is one of the 6 strongest banks in the world according to Standard & Poor's (within its peer group). With a presence in 85 countries and 205,000 employees, including 162,500 of which are in Europe, BNP Paribas is a global-scale European leader in financial services. It holds key positions in its three activities: Retail banking, Investment Solutions and Corporate & Investment Banking. The Group benefits from its four domestic markets: Belgium, France, Italy and Luxembourg. BNP Paribas also has a significant presence in the United States and strong positions in Asia and the emerging markets.
About BNP Paribas India
BNP Paribas has been present in India since 1860. Today, BNP Paribas is amongst the leading foreign banks in India, and is present in 8 major cities of Mumbai, Delhi, Kolkata, Chennai, Hyderabad, Bangalore, Ahmedabad and Pune. The group offers sophisticated solutions through its three core business lines viz., Corporate and Investment Banking, Investment Solutions and Retail Banking.
The group has also developed key associations with strong local partners, such as: Life Insurance with SBI, Asset Management, Home Finance and Securities Services with Sundaram Group, Personal Investment Services and Institutional Broking with Geojit Financial Services, Real Estate Advisory Services with Redwoods, and Equipment Solutions with SREI Infrastructure Finances.