Baudouin Prot
Baudouin Prot | |
|---|---|
| Born | May 24, 1951 Paris, France |
| Occupation(s) | Economist, Banker |
| Years active | 1974–present |
| Known for | Leading BNP Paribas as CEO and Chairman |
Baudouin Prot (born 24 May 1951) is a French economist who led the board of BNP Paribas until December 2014. He is presently engaged as a senior advisor with both Boston Consulting Group and Partners Group.
Early life
Born in Paris, Prot completed his studies at HEC Paris in 1972 and later graduated from the École nationale d'administration in 1976.
Public sector
Between 1974 and 1983, Prot occupied various positions such as Deputy Prefect of Franche-Comté, French General Inspector of Finance, and deputy director for Energy and Raw Materials within the Ministry of Industry.
Private banking
Prot began his career at Banque Nationale de Paris in 1983. After the merger forming BNP Paribas in 2000, he was appointed CEO in 2003. Together with his mentor Michel Pébereau, he played a key role in transforming BNP into one of the largest financial institutions in the eurozone, managing €1.8 trillion in assets, employing over 185,000 people, and operating across 75 countries. In 2011, Prot relinquished his CEO duties to assume the position of Chairman of the Board.
During his leadership, BNP Paribas incurred an $8.9 billion penalty imposed by US authorities for processing more than $30 billion in transactions linked to sanctioned nations between 2002 and 2012. Following this episode, Jean Lemierre took over as chairman.
Corporate boards
- Veolia, Independent Director (since 2003)
- Lafarge, Independent Director (2011–2015)
- Accor, Board Member (2004–2009)
- Pargesa Holding, Board Member (2004–2014)
- Pinault-Printemps-Redoute, Board Member (1998–2005)
Non-profit organizations
- Association Française des Banques, Chairman
- Institute of International Finance (IIF), Member
Recognition
In 2006, Prot earned the title ‘Financier of the Year’ after successfully leading the rapid acquisition of Italian bank Banca Nazionale del Lavoro. The following year, he was honored with the ‘Social and Corporate Responsibility’ award by the Foreign Policy Association (FPA).
In April 2010, he was designated Officer of the Légion d'honneur.