BNP Paribas promotes Gérardin to head CIB, replacing Papiasse

Gérardin replaces Papiasse, who stays, but focuses on "remediation plan"

Yann Gérardin: promoted at BNP Paribas

Yann Gérardin has been promoted to head of corporate and investment banking (CIB) at BNP Paribas. He moves from his current role as head of global equities and commodity derivatives (GECD).

Gérardin replaces Alain Papiasse, who has headed the CIB since mid-2009. Papiasse will retain his other role as deputy chief operating officer for BNP Paribas Group, and focus on the firm's "remediation plan", which it agreed with US regulators after breaching sanctions on countries including Sudan and Iran.

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