Economy & Politics

Béatrice Belorgey at the head of BGL BNP Paribas

Geoffroy Bazin, who has headed the institution since 2018, indeed announced his resignation Thursday evening. Aged 58, the French woman who joined BNP Paribas in 1986 therefore takes the reins of the largest Luxembourg bank.

Geoffroy Bazin, who has headed the institution since 2018, indeed announced his resignation Thursday evening. Aged 58, the French woman who joined BNP Paribas in 1986 therefore takes the reins of the largest Luxembourg bank.

(JFC, with Marco Meng) – It was to everyone’s surprise that Geoffroy Bazin announced his resignation as chairman of the executive committee of BGL BNP Paribas following a special meeting of the bank’s board of directors. No comments were made on this sudden departure. In a statement released on Friday, the bank said Beatrice Belorgey is appointed president of the Executive Committee of BGL BNP Paribas and country manager of the BNP Paribas group in Luxembourg.

Laconique, the press release adds that “Béatrice Belorgey succeeds Geoffroy Bazin who, to give a new direction to his career, decided to resign”. Joining BNP Paribas in 1986, the 58-year-old Frenchwoman was director of BNP Paribas private bank France since 2013. Her appointment has yet to be validated by national and European regulatory authorities.


Wirtschaft, 100 Joër BGL BNP Paribas, Feier mit Glanz und Gloria.Foto: Gerry Huberty / Luxemburger Wort.

BGL BNP Paribas celebrates its 100 years of commitment and innovation at the service of the economy.


Old 57 years old, Geoffroy Bazin began his career in 1988 at the Banque Nationale de Paris. In 2018, he succeeds Carlo Thill at the head of the largest Luxembourg bank, fifth largest private employer in the country in addition, with its 3,900 employees according to the Statec statement dating back to July 2019.

In 2019, the financial institution achieved a profit increase of 2% compared to the previous year. Consolidated net profit (group share) amounted to 345 million euros, compared to 338.9 million euros the previous year. As of December 31, 2019, total assets amounted to more than 56 billion euros, an increase of 4% compared to the previous year. The bank, which celebrated its 100th anniversary in 2019, had postponed the payment of the dividend to October due to the current covid-19 crisis.


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