BNP Paribas Creates Banque Privée Anjou

Paul Adams

11 May 2007

BNP Paribas has completed the acquisition of Dexia Banque Privée France, following regulatory approval. The new subsidiary of BNP Paribas Private Banking has been named Banque Privée Anjou to reflect its core business in private management and its head office based rue d'Anjou in Paris. BNP Paribas wants to preserve the characteristics of the subsidiary while broadening the scope of solutions offered to customers. This approach is consistent with the continuing efforts to improve customer satisfaction which BNP Paribas Private Banking has made one of its top priorities. Marie-Claire Capobianco, director of BNP Paribas Private Banking in France, has been appointed chairman of Banque Privée Anjou. Thierry Girard has been appointed chief executive. Mr Girard was previously a private banker (family shareholding) in the Ile de France region for BNP Paribas Private Banking. Customers will keep their normal asset management contacts. The deal adds nearly €3 billion in customer assets to BNP Paribas Private Banking and reinforces its position as France’s largest private bank.