The president 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 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 Sunday newspaper .
Baudouin Prot was Group Chief Executive of 2003-2011, during which the bank had violated American law by making payments in dollars to countries under embargo .
These offenses have earned BNP Paribas heavy penalties in the United States, with a record fine of 6.6 billion euros.
If responsibility Baudouin Prot has not been committed by the American authorities, “his entourage described very affected by the sanction” which bailed the bank, writing JDD , adding that output “smooth” would be expected by the end of the year for the household.
“Logic dictates he leaves”
“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 Current councilor Baudouin Prot and former head of the 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 important to seek the presidency advantage, “the newspaper said.
Contacted by AFP, BNP Paribas did not wish 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 Chairman of BNP Paribas . It is intended 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 with Echos early July.
A dozen bankers including five senior officers, related to transactions at issue left the bank in recent months.
(With AFP)
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