NEW YORK, NY--(Marketwire - August 10, 2009) - BNP Paribas Corporate and Investment Banking
is pleased to announce the creation of the Insurance Solutions Group for
the Americas. Francois Leblanc, formerly head of global risk solutions and
structured capital markets for the Americas, will head the new group. Also
joining the group is Josee Deroy, who has been appointed a Director. She
will be based in New York and report to Francois.
Josee joins BNP Paribas from HSBC in New York, where she spent two years
developing tailored solutions for life insurance companies in relation to
specific regulatory reserves & capital requirements. Prior to that, Josee
was with BNP Paribas in the Insurance and Pensions team. An Actuary by
training, Josee also spent time as a VP Reinsurance Solutions at Swiss Re
and Axa Re in New York and as Chief Actuary & Risk Officer at Nationwide
Global in Luxembourg. She also held prior positions in pension consulting
and insurance while working in Canada and France.
Commenting on the new group and Josee's appointment, Francois Leblanc said,
"Josee will be instrumental in establishing dialogues with senior level
executives at large US and Canadian insurance companies, which
traditionally have complex asset/liability and capital optimization needs.
By identifying their strategic needs and addressing them with our
specialized teams, we believe BNP Paribas can provide a dedicated Fixed
Income solution-based approach and be the bank of choice for implementing
fully integrated solutions."
About BNP Paribas Corporate and Investment Banking
BNP Paribas Corporate and Investment Banking division
(http://cib.bnpparibas.com/) has almost 17,000 employees, deployed in 53
countries around the world. BNP Paribas CIB excels in three fundamental
sectors in particular:
Derivatives - it is one of the leading global players in rates, credit,
forex, commodity and equity derivatives.
Capital markets - it is amongst the top ten Euro houses for both ECM and
DCM (bond issues, securitization, convertibles and shares).
Structured finance - it is amongst the world leaders for acquisition,
export, project and commodity finance.
About BNP Paribas
BNP Paribas (www.bnpparibas.com) is one of the 6 strongest banks in the
world according to Standard & Poor's*. With a presence in 85 countries and
more than 205,000 employees, 165,200 of which in Europe, BNP Paribas is a
global-scale European leader in financial services. It holds key positions
in its three activities: Retail banking, Investment Solutions and Corporate
& Investment Banking. The Group benefits from its four domestic markets:
Belgium, France, Italy and Luxembourg. BNP Paribas also has a significant
presence in the United States and strong positions in Asia and the emerging
markets.
* Within its peer group
Contact Information: Press contacts:
Edwina Frawley-Gangahar
Media Relations, New York
+212-841-3719
Kerrie McHugh
Media Relations, New York
+212-841-3809