BNP Paribas CIB today announces the appointment of José Placido as Head of Financial Institutions Coverage (FIC), in addition to his existing role as Global Head of Client Development & Strategy for BNP Paribas Securities Services. He succeeds Henri Foch, who retires at the end of June. The appointment, which reinforces the bank’s objective to grow and develop its institutional client segments, is effective as of July 1, 2015.
Yann Gérardin, Global Head of CIB, said: “José will play a key role in continuing to develop close and long-term relationships between BNP Paribas and financial institutions. His appointment reflects our ambition to focus on the needs of institutional clients, providing them with a comprehensive range of solutions to grow their business and adapt to changes in the global financial markets. This was one of the key reasons for aligning Securities Services within CIB last year and today’s announcement reinforces this strategy.”
Prior to joining BNP Paribas Securities Services in 2014, José Placido was CEO of RBC Investor Services and RBC Dexia Investor Services. In his new extended role, he will report to Patrick Colle, CEO of BNP Paribas Securities Services, intuitu personae on behalf of Yann Gérardin.
Yann Gérardin continued: “Henri has played a key role in the development of the bank and CIB in particular. Having started his career at BNP in 1983, Henri held a number of influential roles including Deputy Global Head of Fixed Income and Head of EMEA for Fixed Income from 2011 to 2015. I would like to thank Henri, both personally and on behalf of the Bank, for his many contributions to BNP Paribas over the years and salute an outstanding career.”
Fully integrated in the BNP Paribas Group, BNP Paribas Corporate and Institutional Banking (CIB) is a leading provider of solutions to two client franchises: corporates and institutionals, and operates across EMEA (Europe Middle East Africa), APAC (Asia Pacific) and the Americas. The bank is a global leader in Debt Capital Markets and Derivatives. It is a top European house in Equity Capital Markets and it has leading franchises in Specialized Financing. In Securities Services, it is a top five House worldwide. BNP Paribas CIB strives to service the global economy by providing solutions to its clients in financing (ECM, DCM, specialized financing), flow banking (trade finance and cash management), financial advisory (M&A, project finance), global markets (interest rates, credit, foreign exchange, equity derivatives), risk management, and securities services.
BNP Paribas has a presence 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.