BNP Paribas USA

BNP Paribas Creates an Intermediate Holding Company in the United States

Date:

BNP Paribas Creates an Intermediate Holding Company in the United States
Foto: Global Panorama . BNP Paribas crea un holding para agrupar sus filiales en Estados Unidos

Author: Fórmate a Fondo

  1. New regulation requires large Foreign Banking Organizations to place all its controlled US subsidiaries under a US holding company
  2. BNP Paribas USA will hold the retail subsidiary ‘BancWest’ and the Corporate and Institutional Banking’s (CIB) and asset management subsidiaries in the United States
  3. Michael Shepherd becomes Chairman of the new holding and retains his chairmanship of BancWest. And Jean-Yves Fillion, Head of CIB Americas becomes its CEO