Etienne Barel will join BNP Paribas’ Corporate and Investment Banking core business (CIB), with effect from January 2008, to head the newly created Private Bank Relationship Management function (PBRM) for Equity Derivatives and Fixed Income.
In this new role Barel will become CIB’s senior representative and coordinator for the private bank sector throughout the world.
Barel’s mandate will be to ensure that private banks’ needs are well addressed by CIB, and that efforts are coordinated across business lines, regions and functions. PBRM’s broad objective will be to help each business line to maximize its service with private banks.
Barel will be based in Paris and report jointly to the sales management of equity derivatives and fixed income; Rmi Frank and Eric Le Brusq in Equity Derivatives, and David Brunner and Paul Hearn in Fixed Income.
“We have a high regard for Etienne Barel, who has a long history within our group in various positions and who, until end of this year, was head of French high net worth individuals coverage. We are very confident that he will be successful in building high level relationships with this particularly important segment of clientele for CIB,” says Jacques d’Estais, global head of CIB.
Inspecteur des Finances, Barel joined BNP Paribas in 1998 in Group Corporate Development. Then he moved to BNP Paribas’ French Retail Banking network before being appointed CEO of BMCI. Since December 2005, Barel was head of wealth management, BNP Paribas Private Banking in France.