BNP Paribas Baudouin Prot leaves the presidency of the bank – RTL.fr

BNP Paribas Baudouin Prot leaves the presidency of the bank – RTL.fr

AFP / ERIC PIERMONT

Baudouin Prot, chairman of BNP Paribas, speaks at a Franco-Chinese economic forum, March 27, 2014 in Paris (archive)

BNP Paribas having received a record fine of EUR 6.45 billion in the United States, Baudouin Prot, the current chairman of the group, is about to leave his post, a move that should be endorsed Friday, September 26 by a board of directors. His departure would be effective December 1.

Emblematic of BNP Paribas, Baudouin Prot was general manager of the financial institution from

2003 to 2011, a period during which the bank violated American law by making payments in dollars to countries under embargo .

These offenses have earned BNP Paribas heavy sanctions on the United States, including a fine record of $ 8.9 billion. If has not personally been implicated by American authorities , Baudouin Prot was very affected by this case, according to internal sources.

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