Jean-Laurent Bonnafé (born 14 July 1961) has been serving as

chief executive officer A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especially ...

BNP Paribas BNP Paribas is a French international banking group, founded in 2000 from the merger between Banque Nationale de Paris (BNP, "National Bank of Paris") and Paribas, formerly known as the Banque de Paris et des Pays-Bas. The full name of the grou ...

since 2011.

Early life and education

The son of an

Électricité de France Électricité de France S.A. (literally ''Electricity of France''), commonly known as EDF, is a French multinational electric utility company, largely owned by the French state. Headquartered in Paris, with €71.2 billion in revenues in 2 ...

(EDF) electrical engineer and a lawyer in

Albi Albi (; oc, Albi ) is a commune in southern France. It is the prefecture of the Tarn department, on the river Tarn, 85 km northeast of Toulouse. Its inhabitants are called ''Albigensians'' (french: Albigeois, Albigeoise(s), oc, albig� ...

, Bonnafé attended the

Lycée Louis-le-Grand The Lycée Louis-le-Grand (), also referred to simply as Louis-le-Grand or by its acronym LLG, is a public Lycée (French secondary school, also known as sixth form college) located on rue Saint-Jacques in central Paris. It was founded in the ...

and later graduated in engineering from the

École Polytechnique École may refer to: * an elementary school in the French educational stages normally followed by secondary education establishments (collège and lycée) * École (river), a tributary of the Seine flowing in région Île-de-France * École, Savoi ...

and

École des Mines École may refer to: * an elementary school in the French educational stages normally followed by secondary education Secondary education or post-primary education covers two phases on the International Standard Classification of Education scal ...

Career

Following his studies, Bonnafé joined the

Ministry of Industry A Ministry of Trade and Industry, Ministry of Commerce, Ministry of Commerce and Industry or variations is a ministry that is concerned with a nation's trade, industry and commerce. Notable examples are: List *Algeria: Ministry of Industry and ...

before moving into private equity and then BNP in 1993. At BNP, he formulated the bank’s double bid for

Société Générale Société Générale S.A. (), colloquially known in English as SocGen (), is a French-based multinational financial services company founded in 1864, registered in downtown Paris and headquartered nearby in La Défense. Société Générale ...

(SocGen) and

Paribas The Banque de Paris et des Pays-Bas (“Bank of Paris and the Netherlands”), generally referred to from 1982 as Paribas, was a French investment bank based in Paris. In May 2000, it merged with the Banque Nationale de Paris to form BNP Paribas. ...

in 1999, which ended with BNP winning the latter but forced to drop its offer for SocGen. He was widely credited with implementing the acquisitions of Paribas, BNL and Fortis. In 2011, Bonnafé was appointed as chief executive, taking over from

Baudouin Prot Baudouin Prot (born 24 May 1951) is a French economist who was chairman of BNP Paribas' board of directors until December 2014. He is now a senior advisor at Boston Consulting Group and Partners Group. Early life Prot was born 24 May 1951. He gra ...

. In 2017, his compensation was at $4.5 million.

Other activities

Corporate boards

Banca Nazionale del Lavoro Banca Nazionale del Lavoro S.p.A. (BNL) is an Italian bank headquartered in Rome. It is Italy's sixth largest bank and has been a subsidiary of BNP Paribas since 2006. History Founded in 1913 as Istituto Nazionale di Credito per la Cooperazione, ...

, Member of the Board of Directors (since 2009) *

Carrefour Carrefour () is a French multinational retail and wholesaling corporation headquartered in Massy, France. The eighth-largest retailer in the world by revenue, it operates a chain of hypermarkets, groceries stores and convenience stores, which ...

, Member of the Board of Directors (since 2008) *

BNP Paribas Fortis BNP Paribas Fortis is an international bank based in Belgium and is a subsidiary of BNP Paribas. It was formerly, together with Fortis Bank Nederland, the banking arm of the financial institution Fortis. After the ultimately unsuccessful ABN-AMRO ...

, Non-Executive Member of the Board of Directors (2011-2014)

Non-profit organizations

* Fédération Bancaire Française, Chairman (since 2017) * Association pour le Rayonnement de l’Opéra de Paris (AROP), Chairman *

Bocconi University Bocconi University ( it, Università Commerciale Luigi Bocconi, ) is a private university in Milan, Italy. Bocconi provides education in the fields of economics, finance, law, management, political science, public administration and computer sci ...

, Member of the International Advisory Council * Entreprises pour l’Environnement, Vice-Chairman * ''La France s’engage'' Foundation, Member of the BoardBoard
''La France s’engage'' Foundation.

References

1961 births Living people French bankers École Polytechnique alumni Mines ParisTech alumni Corps des mines BNP Paribas people Chevaliers of the Légion d'honneur Chief executives in the finance industry French chief executives People from Albi {{France-business-bio-stub