BNP Paribas reorganises corporate investment banking division, memo says

BNP Paribas SA

Tue 13:53

MILAN, Nov 3 (Reuters) - France's BNP Paribas BNPP.PA detailed on Tuesday a reorganisation of its corporate and investment banking (CIB) activities effective January 1, 2027, an internal memo seen by Reuters showed.
Olivier Osty, chief executive of the CIB division, said in the message to staff that the reorganisation would reaffirm the central importance of roles overseeing client relationships
The changes also aim to strengthen the bank's leadership in Europe, the Middle East and Africa (EMEA) and better manage CIB resources across regions, Osty said
BNP did not immediately reply to a request for comment
Frédéric Legmann, currently global head of banks and intermediaries coverage, will become chairman of Banks & Insurance and senior adviser to the group CEO
Olivia Frieser, current head of global markets Southeast Asia, will move to Paris to become global head of the Banks and Intermediaries client sector
Geert Lippens, currently head of CIB EMEA countries, is appointed head of CIB EMEA to strengthen regional governance
BNP said it was creating an integrated Investment Banking platform bringing together Sectors, M&A, Debt Markets and Equity Capital Markets
The new Investment Banking business will be co-led globally by George Holst and Renaud-Franck Falce
Holst will continue to steer Corporate Coverage and Falce to oversee the newly created Structured Finance business
BNP is creating a global Technology, Energy and Digital Infrastructure sector under Séverine Mateo
To best manage internal budgets, Osty will chair a new CIB Resources Steering committee

 (Reporting by Valentina Za. Editing by Mark Potter)
 ((valentina.za@thomsonreuters.com; +39 02 6612 9526;))