Tuesday 25 January 2011

BNP's Merger Maestro Seen As CEO-In-Waiting

By Lionel Laurent

PARIS, Jan 25 (Reuters) - After a decade in the shadows knocking acquisitions into shape, BNP Paribas Chief Operating Officer Jean-Laurent Bonnafe may soon find himself in the spotlight as next in line to head France's biggest listed bank.

Speculation is mounting that BNP -- one of the few banks to have kept its reputation and its top management intact throughout the crisis -- is turning its hand to succession planning, with the 49-year-old COO as the shoe-in candidate.

"The job is his, unless some major screw-up happens on his watch," a former colleague at BNP said.

(Read on...)

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