BNP Paribas is pleased to announce that Dr. Erhard Schipporeit will join BNP Paribas as Senior Advisor in February 2007. He will advise the Chairman and the management of the Group on a European level, with a special focus on the development of the bank’s business with German corporates and financial institutions.
Dr. Schipporeit has a broad experience in various industries and was most recently CFO of E.ON until the end of November 2006. He was formerly a member of the management board of VIAG, which merged with VEBA to create E.ON in 2000. Prior to that he worked 16 years for VARTA, where he rose to become its CEO.
Commenting on the mandate of Dr. Schipporeit, Jacques d’Estais, head of BNP Paribas’ Corporate and Investment Banking core business said: “As we dominate our domestic market in CIB businesses, our strategy is now to focus on other European countries. Germany is one of the main European countries, along with Italy, Spain and the UK, where we want to strenghthen our positions. Erhard will help us develop our relationships with leading German corporates and financial institutions and help us attract new business.”
Joachim von Schorlemer, head of BNP Paribas in Germany added: “We are very happy, that we could attract a manager of his quality and experience to BNP Paribas. We will be able to take advantage of his expertise in many fields to help deliver our German growth strategy”.
About BNP Paribas
BNP Paribas(www.bnpparibas.com) is a European leader in banking and financial services, and ranks among the world’s top 15 banks by market capitalization. It has around 140 000 employees, 110 000 of whom are based in Europe. The group occupies leading positions in three significant fields of activity: Corporate and Investment Banking, Asset Management & Services and Retail Banking. It is present in 85 countries and has a strong presence in all the key financial centres. Present throughout Europe, in all its business lines, France and Italy are its two domestic markets in retail banking. BNP Paribas enjoys a significant and growing presence in the United States and leading positions in Asia and in