Thierry Laborde has been appointed deputy chief operating officer (COO) of BNP Paribas, in charge of domestic markets, officials say.
Laborde succeeds François Villeroy de Galhau at the Paris, France-based bank and financial services company, “who has been entrusted by the French prime minister with an assignment on investment in France and in Europe,” according to a BNP Paribas statement.
While BNP Paribas itself did not specify the nature of that assignment, the Reuters news service recently called Villeroy de Galhau a “possible candidate to replace the retiring governor of the Bank of France.”
Previously, new Deputy COO Laborde served as chairman and CEO of the BNP Paribas personal finance unit, according to the statement. “He will now take on responsibility for domestic markets, which brings together close to 70,000 staff serving over 15 million individuals customers and over one million professional, entrepreneurial and corporate clients.”
Laborde began his career in 1982 with the Banque Nationale de Paris, BNP Paribas specifies. From 1984 to 2008, he served in various posts, with increasing responsibility, in several areas of the French retail banking division, including head of the Strasbourg branch group (1999 – 2001), head of the Marseilles branch group (2001 – 2006) and head of local networks until 2008, officials say.
“He was then appointed chief executive of BNP Paribas Personal Finance, which provides credit solutions for individual borrowers in some 30 countries,” officials say. “Since 2013, he has served as chairman and CEO of BNP Paribas Personal Finance.”
BNP Paribas CEO Jean-Laurent Bonnafé calls Laborde a “convinced European” and a proponent of the “digital bank of tomorrow,” in a prepared statement.
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