BNP Paribas today announced the appointment of Yann Gérardin as Head of Corporate and Institutional 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 Institutional Banking since 2009. His commitment will be a major asset in North America, a region of strategic importance to our Group.”