BNP Paribas has promoted its current head of corporate and institutional banking to deputy chief operating officer, retaining responsibility for the business.
Yann Gérardin has been with BNP Paribas for 32 years, having first joined the bank’s equity derivatives business in 1987. He was appointed global head of equity derivatives in 2000 and then took charge of the division five years later.
For the past four years, Gérardin has led the corporate and institutional banking division and he has been a member of the BNP Paribas Group Executive Committee since 2011.
“As head of corporate and institutional banking for the last four years, Yann Gérardin has used his managerial and leadership skills to transform the business and make it the European reference partner with a global reach for its clients,” said Jean-Laurent Bonnafé, CEO of BNP Paribas.
“This promotion also rewards his commitment and considerable contribution to the success of BNP Paribas over the last 32 years. I am very confident in his capacity to continue the corporate and institutional banking development plan and the adaptation of the business to the external environment.”
BNP Paribas has also appointed Alain Papiasse, formerly deputy chief operating officer in charge of corporate and institutional banking, as its new chairman of that business.
In the role, he will bring his experience and knowledge of the bank to develop relationships with large clients and oversee the business in North America and the UK, BNP Paribas said.
Papiasse first joined BNP Paribas in 2005 as head of investment solutions.