PARIS, FRANCE--(Marketwired - Sep 22, 2014) - BNP Paribas today announced the appointment of Yann Gérardin as Head of Corporate and Investment Banking (CIB). In this role, he will have responsibility for implementing the 2014-2016 development plan and continuing the process of adapting CIB to its environment.
Currently Head of Global Equities and Commodity Derivatives (GECD), he will take on his new role on 1 October 2014, reporting to Alain Papiasse.
Alain Papiasse, Deputy Chief Operating Officer for the BNP Paribas Group, in addition to supporting the development of CIB, will represent the Group General Management in North America, particularly in terms of implementing the remediation plan and new regulatory requirements. With his wealth of experience and knowledge of the region, he will also help reinforce coverage for large clients in order to support BNP Paribas' North American development plan.
Jean-Laurent Bonnafé, Director and Chief Executive Officer of BNP Paribas, said: "In asking Yann Gérardin to take on these new responsibilities, I have full confidence in his managerial capability, which has been ably demonstrated within GECD since these activities were established. He has helped make BNP Paribas GECD a global leader in the equity derivatives industry. I would particularly like to thank Alain Papiasse for the key role he has played in successfully developing BNP Paribas Corporate and Investment Banking since 2009. His commitment will be a major asset in North America, a region of strategic importance to our Group."
BNP Paribas has a presence in 75 countries with more than 180,000 employees, including more than 140,000 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 Mediterranean basin countries, in Turkey, in Eastern Europe and 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- Pacific.
About BNP Paribas Corporate and Investment Banking
BNP Paribas Corporate and Investment Banking (CIB) is a leading provider of solutions to a wide range of clients including corporates, sovereigns, financial institutions and investors. Approximately 19,000 professionals in 45 countries provide clients with personalised services for managing their risks and assets, financing and expanding their business and servicing their operational needs.
BNP Paribas CIB excels in:
Corporate Banking -- where it has leading franchises in Transaction Banking (trade finance, cash management) and in Specialised Financing (energy & commodities, transportation, export, project, leveraged, media telecom, corporate acquisition finance and real estate).
Derivatives -- where it is one of the leading global players in interest rates, credit, foreign exchange, commodity and equity derivatives.
Advisory and Capital Markets -- where it is a top European house in ECM and a global leader in DCM (bond, convertibles and equity issuance).