Change of governance at BGL BNP Paribas. The bank has just appointed a new chairman for its board of directors: the director of the treasury, Bob Kieffer. He succeeds Étienne Reuter, who is due to retire.
The organisation chart presenting the governance of the board on the bank’s website was updated on Friday 8 November. The board of directors represents the shareholders of BGL BNP Paribas, including the Luxembourg state with a 34% stake. It is responsible for the strategic direction of the company and its proper implementation and has 19 directors. On the organisation chart, the rest of the board appears unchanged.
"I would like to thank the minister of finance , the government and the BNP Paribas group for their trust. I am delighted to be able to contribute to the continued development of the activities of one of the key players in our financial centre and the country’s economy,” said Kieffer.
The 46-year-old Luxembourger has been director of the treasury since 2019 and secretary general of the finance ministry since 2016. He was previously an advisor and then first advisor to the government. He will retain his position at the ministry, like his predecessors Gaston Reinesch and Georges Heinrich, who also held these positions in the past.
He holds a master’s degree in private law from the University of Strasbourg, a PhD in international law from the University of Strasbourg, and a senior executive fellows certificate from the Harvard Kennedy School.
Kieffer already has a good knowledge of BGL BNP Paribas, having started his career in finance almost 20 years ago at BGL (Fortis at the time), first as legal advisor from 2006 to 2013, then as project manager from 2013 to 2014. He does not hold any other mandates in BNP Paribas group companies.
He also held the position of supervisory commissioner of Spuerkeess. Kieffer will be replaced by , designated as successor by the council of government, with effect from 1 November.
He also sits as a member of the board of directors of the Luxembourg Stock Exchange and chairs the Luxembourg Intergenerational Sovereign Fund.
This article was originally published in .