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Executive appointments at BNP Paribas Personal Finance announced

Executive appointments at BNP Paribas Personal Finance announced

(17 June 2015 – France) BNP Paribas Personal Finance has appointed Alain van Groenendael as chairman and Laurent David as chief executive at a meeting of the Board of Directors on 12 June.

In these roles they succeed Thierry Laborde, who on 4 May 2015 was appointed deputy chief operating officer of BNP Paribas in charge of Domestic Markets.

Laurent David now joins the BNP Paribas Executive Committee and Alain van Groenendael joins the Management Committees of both International Financial Services and Retail Banking at BNP Paribas.

The BNP Paribas Personal Finance Board of Directors also appointed Jean-Marie Bellafiore as deputy chief executive of the company.

BNP Paribas chief executive Jean- Laurent Bonnafé said the appointments indicate the confidence the bank has in the management team, developed by Theirry Laborde over recent years.

Groenendael, a Belgian national, has 30 years’ international experience in financial services in Brussels, London, Amsterdam and Paris.

He worked for a large part of his career at Citibank, becoming chief executive of Retail Banking, Western Europe and a member of the Citigroup Management Committee.

He has also held the posts of chairman of the Loans and Financial Services Division at the PPR Group, and chairman & chief executive of Finaref.

Since December 2008, Groenendael has served as Board member and deputy chief executive of BNP Paribas Personal Finance, in charge of International Business and Marketing.

David began his career at the French Ministry for the Economy, Finance and Industry in 1995.

He was seconded to the Ministry for Industry department in Lower Normandy, and then worked at the national Tax Office before serving as a Technical Advisor from 2000 to 2002 in the private office of Florence Parly and then Laurent Fabius.

He joined the BNP Paribas Group in 2002, working at Cardif and became responsible for management planning and control, then head of the Cardif France network and partnerships in France, sitting as a member of the Executive Committee.

In 2007 David joined BNP Paribas International Retail Banking as chief operating officer. From 2009 to 2013, he served as chief executive of Findomestic, the BNP Paribas Personal Finance subsidiary in Italy, which ranks among the country’s leaders in consumer credit.

He successfully led an industrial transformation plan between 2010 and 2012.

Since 2013, David has been working as chief operating officer of BNP Paribas Personal Finance.

In 2014, he took over the Operational Management of the BNP Paribas Personal Finance businesses in France and was in July that year appointed chief executive of the LaSer Group and LaSer Cofinoga.

Bellafiore has worked for the BNP Paribas Group throughout his entire career.

In 1987 he joined Paribas Securities Services, then served in various posts in the administration and operations of Paribas, before being appointed head of Central Administration at Paribas in 1998.

When Paribas merged with BNP in 1999, Bellafiore took charge of central management of the integration process.

In March 2002 he was put in charge of implementing the BNP Paribas 2002-2005 Strategic Plan.

He was appointed head of Human Resources, IT and Operations at BNP Paribas Personal Finance in May 2005, joining the Executive Committee.

Then in March 2009, Bellafiore took over as head of the Northern Europe region. Since June 2012, he has been head of the euro zone at BNP Paribas Personal Finance.

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