The federal investigating magistrate is appointed Head of Compliance, Legal Affairs and Internal Control
BNP Paribas announces the appointment of Paul Perraudin to the newly created position of Head of Compliance, Legal Affairs and Internal Control for the Group in Switzerland. He will take up his position at the headquarters of BNP Paribas (Switzerland) SA in Geneva on 1st November, and will automatically be co-opted onto the Executive Committee. He will report to Pascal Boris, Chief Executive Officer. This appointment will allow the BNP Paribas Group in Switzerland to pursue its growth under optimum security conditions with the benefit of Paul Perraudin's extensive expertise.
This appointment is part of BNP Paribas' drive to strengthen its internal control and non-compliance risk management systems and place them under one central co-ordinator. Around the world, about 2,500 people work for BNP Paribas' Group Risk Management, Compliance and Internal audit.
A federal examining magistrate since 2002, 57-year-old Paul Perraudin has also been head of the French-speaking federal investigating magistrates section in Geneva since 2004. A fellow of the Institut de lutte contre la criminalité économique (ILCE), he also lectures on international legal cooperation. In 2007, he organised the first ILCE study days on the fight against economic and financial crime and money laundering.
Paul Perraudin was motivated to join BNP Paribas by the need to respond to increasingly specific demands in a complex financial environment. "The notion of internal control is a key plank of financial establishments' new strategies. BNP Paribas is one of the banks that very quickly became aware of this factor, making internal controls a priority, which is why it has been able to withstand the current financial crisis well", he explains.
"In addition to his eminent personal qualities, Paul Perraudin will bring to our bank his international vision and the benefit of his experience at the very highest level of responsibility. That is why I am delighted that he will be joining our group”, comments Georges Chodron de Courcel, Chairman of the Board of BNP Paribas (Switzerland) SA.
For Pascal Boris, the arrival of Paul Perraudin will be a major asset for the bank's entire management: “During his 25 years as a magistrate, Paul Perraudin has built up an unrivalled experience in international legal cooperation in complex financial cases. His appointment to a senior position at BNP Paribas Switzerland, the leading foreign bank in Switzerland, will enable us to strengthen our security and internal control systems".
About BNP Paribas (Switzerland) SA
For many years, BNP Paribas (Switzerland) SA (www.bnpparibas.ch) has been the leading foreign bank in Switzerland. The bank has 4 branches located in Geneva, Zurich, Basel and Lugano, employing nearly 1,760 people. In 2007, the Group in Switzerland achieved its best performance ever with a consolidated net income of CHF 885 million before tax. BNP Paribas (Switzerland) SA offers its institutional, corporate and private customers an extensive array of services. Its two core businesses are wealth management for its private bank customers, and financing international trade in raw materials.
About BNP Paribas
BNP Paribas (www.bnpparibas.com) is a European leader in global banking and financial services and is one of the 4 strongest banks in the world according to Standard & Poor's. The group is present in over 85 countries, with more than 168,000 employees, including 129,500 in Europe. The group holds key positions in three major segments: Corporate and Investment Banking, Asset Management & Services and Retail Banking. Present throughout Europe in all of its business lines, the bank's two domestic markets in retail banking are France and Italy. BNP Paribas also has a significant presence in the United States and strong positions in Asia and the emerging markets.