Rémi Frank was previously Head of Equity Derivatives Sales & Structuring for Corporate & Investment Banking (CIB) and a member of CIB's Global Equities & Commodities Derivatives Executive Committee.
The system put in place for these two priority segments is part and parcel of the business line's governance structure change announced in July 2010, the team dedicated to UHNWI and Independent Wealth Managers accompanying the development of the five geographical clusters (Asia-Pacific, Euro Domestic Markets, New Domestic Markets, International Europe and Luxembourg).
Rémi Frank becomes a member of the BNP Paribas Wealth Management Executive Committee, joining Jacques d'Estais (CEO), Mignonne Cheng** (Head of Asia-Pacific), Marie-Claire Capobianco (Head of Domestic Markets), Pascal Boris** (Head of Europe International), Patrice Crochet (Head of Luxembourg), Olivier Maugarny (Head of Products & Services) and Vincent Lecomte (COO).
Jacques d'Estais stated: “Given the importance of UHNWI and Independent Wealth Managers in a rapidly changing market, it is essential to strengthen our approach to these segments. Close cooperation with CIB will be one of the keys to the success of their development. Rémi Frank possesses many skills for accomplishing this, particularly his experience of over 20 years with CIB.”
* Source: BCG Global Wealth Market Sizing Database, 2009; BCG analysis
** Mignonne Cheng and Pascal Boris retain respectively their responsibilities as Head of North Asia and Switzerland.
About BNP Paribas Wealth Management(www.wealthmanagement.bnpparibas.com)
As the leading private bank in the euro zone and the 6th largest private bank in the world, BNP Paribas Wealth Management is present in nearly 30 countries and manages EUR 251 billion of asset at the end of June 2010. More than 6,500 wealth management professionals based in every major financial centre offer its clientele of private investors a wide range solutions for optimising and managing their assets.
About BNP Paribas
BNP Paribas (www.bnpparibas.com) is one of the six strongest banks in the world* and the largest bank in the eurozone by deposits. With a presence in more than 80 countries and more than 200,000 employees, including 160,000 in Europe, BNP Paribas is a leading European provider of financial services on a worldwide scale. It ranks highly in its three core activities: Retail Banking, Investment Solutions and Corporate & Investment Banking. In Retail Banking, the Group has four domestic markets: Belgium, France, Italy and Luxembourg. BNP Paribas is rolling out its integrated model across the Europe-Mediterranean zone and boasts a large network in the United States. BNP Paribas Personal Finance is the leader in consumer lending in Europe. In its Corporate & Investment Banking and Investment Solutions activities, BNP Paribas also enjoys top positions in Europe and solid and fast-growing businesses in Asia.
* Rated AA by Standard & Poor's i.e. 3rd rating level on a scale of 22.