BNP Paribas SA named Jacques Michel head of corporate and institutional banking for the Middle East and Africa.
Michel will be based in Bahrain and replaces Jean-Christophe Durand who left the bank, according to an e-mailed statement, which didn’t give a reason for Durand’s departure. Michel has been country head for India since December 2009 and was previously deputy chief executive officer for Fortis Asia-Pacific in Hong Kong, BNP Paribas said.
In his new role, Michel will be country head for Bahrain and supervise the bank’s operations in Saudi Arabia, the United Arab Emirates, Kuwait, Qatar, South Africa and Morocco.
BNP Paribas is one of the few international banks to run its Middle East operations from Bahrain. Banks including HSBC Holdings Plc and Standard Chartered Plc have their regional headquarters in Dubai.