BNP Paribas Announces New Appointments in Its Corporate and Institutional Banking Division in EMEA
January 10, 2018
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Yannick Jung, formerly Head of Corporate Clients Financing and Advisory EMEA, has been promoted to Head of Global Banking EMEA, on the 1st of December 2017. In his new role, he is responsible for Global Banking, which now regroups all of CIB’s coverage, financing & advisory and transaction banking capabilities for all its corporate clients, together with the supervision of CIB’s country management, in the EMEA region. He is based in Paris and reports to Yann Gérardin, Head of CIB. At a time when the group’s corporate client base is steadily growing, in line with CIB’s strategy, Yannick Jung’s main objective is to accelerate the development of the corporate franchise in EMEA. George Holst has been appointed, as of the 2nd of January 2018, Vice Chairman of the Corporate Executive Sponsorship Board EMEA, chaired by Yannick Jung. He reports to and works closely with Yannick Jung to further enhance C-suite relationships with corporate clients and strengthen the framework to provide clients with a seamless access to the Group’s entire range of expertise and services. George Holst joins from J.P. Morgan where he was most recently Global Head of Retail Investment Banking. George Holst brings more than 20 years of experience in global investment banking. He is a member of the Global Banking EMEA Board and is based in Paris. Eirik Winter has been appointed CEO for BNP Paribas Group Nordic Region as well as Head of CIB Nordics. He starts on the 3rd of April 2018 and will report to Yannick Jung. He will be a member of the Global Banking EMEA Board. Eirik Winter brings over 20 years’ experience and a strong network of decision makers in the region, which will be key in the context of BNP Paribas’ high ambition to grow in the Nordic Region, and further drive the expansion of the Group’s corporate client base. He will also focus on developing relationships with key players from the tech and digital sector and will reinforce the bank’s presence in local communities through CSR and local initiatives. Eirik Winter joins from Citigroup where he was Chairman for the Nordic Region and Head of Investment banking. The UK set-up has also recently been reinforced with the appointment of Matthew Ponsonbyas Head of Global Banking in the UK who joined in October 2017 after having notably worked for Barclays. Matthew Ponsonby reports to Yannick Jung, Head of Global Banking EMEA and Anne-Marie Verstraeten, UK Country Head, BNP Paribas Group. He is a member of the Global Banking EMEA Board.
BNP Paribas is France's largest banking group. Net banking product (NBP) breaks down by activity as follows:
- retail banking (54%): retail banking activity in France (24.1% of NBP), in Belgium (14.6%), and Italy (10.2%). The remainder of the NBP (51.1%) is from international activities and specialized financial services activities (consumer loans, real estate credit, leasing credit, car fleet management, computer equipment leasing);
- finance and investment banking (34.4%): consulting and capital market activities (83.7% of NBP; merger-acquisition consulting, activities related to the stock, interest, and exchange markets, etc.) and financing (16.3%; financing for acquisitions, projects, raw material transactions, etc.);
- institutional and private management and insurance (11.6%): asset management, private banking activity (No. 1 in France), real estate and on-line brokerage services, insurance and securities services (No. 1 in Europe for retained securities).
At the end of 2023, BNP Paribas was managing EUR 988.5 billion in current deposits and EUR 859.2 billion in current loans.
Net banking product is distributed geographically as follows: Europe, Middle East and Africa (82.9%), America (9.8%) and Asia/Pacific (7.3%).