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]
Baudouin Prot | |
|---|---|
| Born | 24 May 1951 Paris, France |
| Alma mater | HEC Paris, ÉNA |
| Occupation(s) | Senior Advisor at Boston Consulting Group Former CEO of BNP Paribas |
Early life
editProt was born 24 May 1951. He graduated from HEC Paris in 1972, and from the École nationale d'administration in 1976.[2]
Career
editPublic sector
editFrom 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
editProt 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
editCorporate boards
edit- 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- Association Française des Banques, Chairman
- Institute of International Finance (IIF), Member
Recognition
editIn 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- ^ Board of Directors Veolia.
- ^ "At a Glance: Baudouin Prot". Forbes. Archived from the original on April 10, 2013. Retrieved 21 February 2013.
- ^ "Executive profile-Baudouin Prot". Businessweek. Archived from the original on June 3, 2010. Retrieved 7 March 2013.
- ^ 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.
- ^ "Baudouin Prot". European CEO. Retrieved 25 February 2013.
- ^ Le Figaro