PARIS and NEW YORK, NY--(Marketwire - Jul 16, 2012) - BNP Paribas announces that Everett Schenk, Chief Executive Officer for BNP Paribas' North American Corporate and Investment Banking ("CIB") activities, will be retiring effective September 30, 2012 after over 23 years with the Bank and 14 years at the head of the Bank in North America. Jean-Yves Fillion, who is currently Head of BNP Paribas Fortis CIB, will succeed Everett as CEO for BNP Paribas' North American CIB activities (*).
Headquartered in New York, BNP Paribas North America has locations in all of the major financial centers of the United States and Canada. The Bank serves a world-class client base of multi-national corporates and mid-cap companies, as well as major issuers and institutional investors. BNP Paribas CIB in North America relies on strong, established global franchises in order to provide a broad range of solutions to its clientele for financing and expanding their businesses, managing their risks and assets and servicing their operational needs. In addition, through its two dynamic financial institutions Bank of the West and First Hawaiian Bank, BNP Paribas serves individuals and mid-market corporates in the western United States and Hawaii.
Jean-Laurent Bonnafé, Chief Executive Officer of BNP Paribas, stated: "Everett Schenk has had a long and distinguished career in banking, working tirelessly to build BNP Paribas' North American platform for the benefit of our clients, our staff and our shareholders. Throughout his tenure, Everett has shown the qualities that define an outstanding leader and on behalf of BNP Paribas, I would like to thank him for his dedication and service to the Bank and to our clients. I am confident that under Jean-Yves Fillion's leadership, the Bank will continue to develop in North America in the years to come."
Everett Schenk stated: "I have had the privilege to work with a remarkable institution of talented individuals and this has been the highlight of my career. I retire knowing that BNP Paribas has accomplished a great deal in these years. Despite the challenging conditions, we have stayed true to our clients and to our company culture. I worked alongside Jean-Yves Fillion for many years. He has spent almost twenty years in North America working for the Bank and his deep knowledge of our operations, our teams, our clients, our business culture and American society is a strong asset as he takes on his new responsibilities."
Prior to returning to Europe in 2010, Jean-Yves headed Client Coverage for BNP Paribas CIB in North America focusing on developing and managing global long-term strategic client relationships. Jean-Yves began his career 28 years ago in the investment banking division of the Bank. He has held a variety of positions in North America as Head of Media & Telecommunication Finance, Acquisition Finance and Structured Finance. Jean-Yves is currently Head of BNP Paribas Fortis CIB as well as a member of the Executive Committee and the Board of Directors of BNP Paribas Fortis.
Dominique Remy will replace Jean-Yves Fillion as Head of BNP Paribas Fortis CIB in Brussels and will retain his responsibilities as Global Head of the Structured Finance activity of BNP Paribas CIB. With these new responsibilities, Dominique will join the Executive Committee of BNP Paribas Fortis and he will also be proposed to the relevant corporate bodies of BNP Paribas Fortis as a successor to Jean-Yves Fillion on the the BNP Paribas Fortis Board of Directors.
(*) Like Everett, Jean-Yves Fillion will also have responsibility for overseeing BNP Paribas' Asset Management and Securities Services activities in North America.
About BNP Paribas
BNP Paribas (www.bnpparibas.com) has a presence in 80 countries with nearly 200,000 employees, including more than 150,000 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.