FRANCE - BNP Paribas has appointed its head of asset management and services Vivien Levy-Garboua to the new global role of head of compliance in response to "increasingly stringent" requirements in the regulatory environment.
Alain Papiasse, who joins from Credit Lyonnais, will succeed Levy-Garboua as head of asset management and services.
BNP Paribas said the head of compliance would report directly to the chief executive officer and have a broad remit over the entire group.
The new role would include supervision of the BNP Paribas’ actions with regard to ethical rules and legislative and regulatory provisions specific to banking and finance activities.
Papiasse directed the subsidiary Credit Lyonnais Asset Management from 1998 to 2000 before becoming chief operating officer of Calyon.
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