Baudouin Prot
Baudouin Prot | |
|---|---|
| Born | 24 May 1951 Paris, France |
| Alma mater | HEC Paris, ÉNA |
| Occupations | Senior Advisor at Boston Consulting Group Former CEO of BNP Paribas |
Baudouin Prot (born 24 May 1951) is a French economist who was chairman of BNP Paribas' board of directors until December 2014. He is now a senior advisor at Boston Consulting Group and Partners Group.[1]
Early life
[edit | edit source]Prot was born 24 May 1951. He graduated from HEC Paris in 1972, and from the École nationale d'administration in 1976.[2]
Career
[edit | edit source]Public sector
[edit | edit source]From 1974 to 1983 Prot was successively the Deputy Prefect of the Franche-Comté region of France, French General Inspector of Finance, and the deputy director of Energy and Raw Materials of the Ministry of Industry.
Private banking
[edit | edit source]Prot joined Banque Nationale de Paris in 1983. After BNP merged with Paribas in 2000, he was appointed CEO in 2003.[3] Together with his mentor Michel Pébereau, he built BNP into one of the eurozone’s biggest banks with €1.8 trillion in assets and more than 185,000 employees in 75 countries.[4] He stepped down in 2011 to become chairman of the bank's Board of Directors.
When BNP had to pay $8.9 billion fine to US regulators for sanctions violations – the bank had illegally processed more than $30 billion of transactions for groups in Sudan, Iran and Cuba between 2002 and 2012[5] –, Prot was replaced by Jean Lemierre.[6]
Other activities
[edit | edit source]Corporate boards
[edit | edit source]- Veolia, Independent Member of the Board of Directors (since 2003)[7]
- Lafarge, Independent Member of the Board of Directors (2011-2015)
- Accor, Member of the Board of Directors (2004-2009)
- Pargesa Holding, Member of the Board of Directors (2004-2014)
- Pinault-Printemps-Redoute, Member of the Board of Directors (1998-2005)
Non-profit organizations
[edit | edit source]- Association Française des Banques, Chairman
- Institute of International Finance (IIF), Member
Recognition
[edit | edit source]In 2006 Prot was awarded ‘Financier of the Year’, primarily in acknowledgement of the successful acquisition of Italian bank Banca Nazionale del Lavoro, which was executed in a record time. In 2007 Prot also picked up the ‘Social and Corporate Responsibility’ award by the Foreign Policy Association (FPA).[8]
In April 2010, Prot became an Officer of the Légion d'honneur.[9]
References
[edit | edit source]- ^ Board of Directors Veolia.
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- ^ Martin Arnold (September 23, 2014), BNP Paribas chairman Baudouin Prot to step down Financial Times.
- ^ Martin Arnold and Michael Stothard (February 6, 2015), BNP chiefs lose bonuses after $8.9bn fine Financial Times.
- ^ Martin Arnold (September 23, 2014), BNP Paribas chairman Baudouin Prot to step down Financial Times.
- ^ Board of Directors Veolia.
- ^ Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).
- ^ Le Figaro
See also
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