Jean-Laurent Bonnafé, Chief Executive Officer, presented the new organisation of BNP Paribas during the 1 December meeting of the Board of Directors, chaired by Baudouin Prot.
BNP Paribas now has three Chief Operating Officers: Georges Chodron de Courcel, Philippe Bordenave and François Villeroy de Galhau.
- Georges Chodron de Courcel oversees the business activities entrusted to two Deputy Chief Operating Officers:
. Alain Papiasse, Head of Corporate and Investment Banking
. Jacques d'Estais, Head of Investment Solutions, who also oversees BNP Paribas Personal Finance and International Retail Banking.
- Philippe Bordenave oversees Group Finance, Strategic Advisory, Development, ALM Treasury and ITP (Information Technology and Processes) which includes IT systems, procurement and real-estate management.
- François Villeroy de Galhau oversees the Group's retail activities in its domestic markets (French Retail Banking in France, BNP Paribas Fortis in Belgium, BNL in Italy and BGL BNP Paribas in Luxembourg) and associated business activities (Cortal Consors, Arval, BNP Paribas Leasing Solutions). François Villeroy de Galhau also oversees Retail Banking Transversal Missions, which are managed by Yves Martrenchar and which continue to work with other Group retail banking activities.
The new members of the Group's Executive Committee are as follows: Marie-Claire Capobianco (who becomes Head of French Retail Banking), Stefaan Decraene (Head of International Retail Banking, which covers Europe Mediterranean and BancWest), Yann Gérardin (Head of Equities and Commodity Derivatives) Frédéric Janbon (Head of Fixed Income), Thierry Laborde (Head of BNP Paribas Personal Finance), Eric Lombard (Head of Insurance) and Eric Raynaud (Head of the Asia-Pacific Region).
They join the existing members of the Group Executive Committee: Jean-Laurent Bonnafé, Georges Chodron de Courcel, Philippe Bordenave, François Villeroy de Galhau, Alain Papiasse, Jacques d'Estais, Jean Clamon, Fabio Gallia, Max Jadot, Frédéric Lavenir and Michel Konczaty.
Finally, Thierry Varène, in addition to his current responsibilities within CIB, has been appointed Jean-Laurent Bonnafé's Delegate for Large Clients.
Commenting on this new organisation, Jean-Laurent Bonnafé said: “It will allow the Group to achieve its full potential in its areas of expertise: retail banking activities, global activities for large clients and in the capital markets, specialised platforms for savings and lending, and international networks. Greater coherence will result from the grouping together of the areas overseen by Philippe Bordenave, which covers economic and financial control and Information Technology & Processes. With Georges Chodron de Courcel, François Villeroy de Galhau, Philippe Bordenave, the Executive Committee and BNP Paribas' whole top management team, we will continue to transform and consolidate our business in order to strengthen the Group's position as one of the top-performing and most valued banks by our clients. The recent confirmation by Standard and Poor's of our AA- rating with a stable outlook demonstrates that BNP Paribas remains one of the most solid banking groups.”
Appendices: List of Executive Committee members, Short Biographies of new members, Organisational Chart.
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About BNP Paribas
BNP Paribas (www.bnpparibas.com) is one of the best rated banks in the world*. The Group has a presence in more than 80 countries and more than 200,000 employees, including more than 160,000 in Europe. It ranks highly in its three core activities: Retail Banking, Investment Solutions and Corporate & Investment 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 the Europe-Mediterranean zone and boasts a large network in the western part of the United States. In its Corporate & Investment Banking and Investment Solutions activities, BNP Paribas also enjoys top positions in Europe, a strong presence in the Americas and solid and fast-growing businesses in Asia.
*Rated AA- by Standard & Poor's