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BNP Paribas appoints Lutz Diederichs who will become Group Head for Germany in March

With the beginning of this year, BNP Paribas enters the next phase of its growth ambitions for Germany. After the successful developments of the 2013 - 2016 Growth Plan, the Group wants to further develop its market positioning and customer solutions.

The next stage of development will be steered by Lutz Diederichs (54), who will take over responsibilities in March as Chairman of the Group Management Board Germany and Group Head for BNP Paribas in Germany. Lutz Diederichs (54) joins from HypoVereinsbank, where he held different positions for more than 25 years, and since 2009 has been a member of the board of the HypoVereinsbank – UniCredit Munich. Lutz Diederichs will report to Philippe Bordenave, Chief Operating Officer of BNP Paribas, and will succeed Camille Fohl (61), who in early 2013 moved from the Group to Germany, and who has successfully steered the 2013-2016 Growth Plan. Camille Fohl (61) will in March take up a role in Paris as advisor to the BNP Paribas Group Executive Committee. In this role he will report to Philippe Bordenave, and will provide advice on the development of business activities of the Group in Europe.

Philippe Bordenave, COO of BNP Paribas, and the Group Executive Committee member with responsibility for the business in Germany, said, “I warmly welcome Lutz to the BNP Paribas Group. He knows the German market very well, in particular the needs of different groups of customers which is important within the context of BNP Paribas’ diversified business model. We sincerely thank Camille Fohl for the momentum he created together with our German teams – which resulted in the dynamic growth of our businesses, the close cooperation of our different entities to provide customer solutions, and the development of the overall market awareness of the BNP Paribas Group in Germany. This strong foundation will help us to continue to move forward in our growth ambitions in Germany, a key market for the Group.”

Diederichs joined the BNP Paribas Group on 1 January 2017 and after an initial transition period, he will officially take over his new responsibilities from Camille Fohl in March.

About BNP Paribas

BNP Paribas is a leading bank in Europe with an international reach. It has a presence in 74 countries, with more than 189,000 employees, including more than 146,000 in Europe. The Group has key positions in its three main activities: Domestic Markets and International Financial Services (whose retail-banking networks and financial services are covered by Retail Banking & Services) and Corporate & Institutional Banking, which serves two client franchises: corporate clients and institutional investors. The Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporates and institutional clients) to realise their projects through solutions spanning financing, investment, savings and protection insurance. 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 in Mediterranean 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 as well as a solid and fast-growing business in Asia-Pacific.