Prot forced to leave the head of BNP Paribas?
The chairman of BNP Paribas plan to sell its place in the coming months, following the legal troubles of the French bank in the United States.
The chairman of BNP Paribas, Baudouin Prot, plans to leave his post in the coming months, a decision related to the legal troubles of the French bank in the United States, says the JDD Sunday, August 10.
"This is what is envisaged by the bank and by itself but it is not yet decided," said a source close to the Journal du Dimanche.
Baudouin Prot was general manager of the group from 2003 to 2011, a period during which the bank had violated American law by making payments in dollars to countries under embargo .
These offenses have earned BNP Paribas tough sanctions on the United States, including a record fine of EUR 6.6 billion.
While responsibility for Baudouin Prot has not been committed by the American authorities, "his entourage described very affected by the sanction" which bailed the bank writes the JDD, adding that output "smooth" would be expected to the end of the year for the household.
"Logic dictates that parte"
"Baldwin saw very little personally. It will make its decision in September, but logic dictates he left," he told an executive of the bank in the weekly.
According to the JDD, Jean Lemierre, adviser to current and former boss Baudouin Prot Treasury could succeed him.
"Former Director General of the Treasury and the European Bank for Reconstruction and Development (EBRD), its international stature gives it a significant advantage to run for president," said the newspaper.
Contacted by AFP, BNP Paribas declined to comment.
After the announcement of sanctions, Baudouin Prot was supported by the board of directors of the bank as well as the director general, Jean Bonnafé.
"Baudouin Prot is the chairman of BNP Paribas. Its purpose is to stay and help us every day. Even if the shock is as hard for him as for the rest of the group, "stated Jean-Laurent Bonnafé in an interview Echos early July.
A dozen bankers, including five executive officers, related to transactions at issue left the bank in recent months.