BNP PARIBAS : Renaud Dumora named Deputy Chief Executive Officer of BNP Paribas Cardif

At its meeting on 12 January 2015, the Board of Directors of BNP Paribas Cardif named Renaud Dumora Deputy Chief Executive Officer.

He will work alongside Pierre de Villeneuve on deploying the company's strategy, which is centred on diversification and international development of the savings and personal protection businesses in Europe, Asia and Latin America.

A member of the BNP Paribas Cardif Executive Committee since 2007, Renaud Dumora will continue to head the Finance, Risk Management and Legal Affairs departments.

This change reflects ongoing continuity in the company's senior management and is accompanied by the appointment of two new Chief Operating Officers, Olivier Cortès, head of Efficiency, Technology & Operations, and Olivier Héreil, head of Asset Management.

Led by Pierre de Villeneuve and Renaud Dumora, the executive team of BNP Paribas Cardif now counts five chief operating officers:

• Stanislas Chevalet, head of development and transformation,
• Olivier Cortès, head of Efficiency, Technology & Operations,
• Olivier Héreil, head of Asset Management,
• Virginie Korniloff, head of Domestic Markets (France, Italy, Luxembourg),
• Jean-Bertrand Laroche, head of international markets (Europe excluding Domestic Markets, Asia, Latin America).

BNP Paribas is a major global provider of personal insurance solutions. The company contributed 1.2 billion euros to BNP Paribas Group pre-tax income in 2013. BNP Paribas Cardif designs, develops and markets savings and protection solutions for people, their property and their projects. Building on the proven performance of its unique business model, the insurer shares its experience and expertise with more than 450 partners within and outside the BNP Paribas Group, which distribute its products to 90 million policyholders around the world.

Photos and biographies available from the BNP Paribas Cardif press office

About BNP Paribas Cardif

BNP Paribas Cardif integrates the life and property & casualty insurance subsidiaries of BNP Paribas. It develops savings and protection products and services which are distributed via a wide range of channels. Present in 37 countries with a diversified geographic footprint, BNP Paribas Cardif has strong positions in Europe, Latin America and Asia.

In 2013, it had gross written premiums of 25.3 billion euros, with 58% of gross written premiums generated outside France. BNP Paribas Cardif counts nearly 10,000 employees1, of whom 77% work outside France.

With a strong commitment to exemplary Corporate Social Responsibility, BNP Paribas Cardif develops responsible products and services, supports diversity within the company, deploys an internal environmental policy and supports economic and financial education.