French international banking group, BNP Paribas has appointed Sofia Merlo as Head of Group Human Resources and a member of BNP Paribas’ Executive Committee. She takes up her position on 2 November 2020, succeeding Yves Martrenchar, who becomes Senior Advisor on that date and who will lead a mission alongside the Group’s General Management until May next year, after which he will retire.
Sofia Merlo began her career in the Group in 1985 working with corporate clients at the head office and running the bank’s business centre for the South-West region in France.
In 2000 she joined the Group’s Human Resources department, where she became Group Head of Career Management in 2004 and notably launched the Group’s diversity and talent-management policies.
In 2009 Sofia Merlo joined the French Private Banking business and in 2010 was promoted to Head of French Private Banking. She was Co-Head of the Wealth Management business worldwide from 2012 to 2020.
She is a member of the Board of Directors of BNP Paribas Fortis, member of the Board of BMCI in Morocco, and member of the Board of BNP Paribas Polska in Poland.
Speaking on the appointment, Jean-Laurent Bonnafé, Director and Chief Executive Officer of BNP Paribas said, “I would like to pay tribute to Yves Martrenchar’s decisive work in successfully ensuring the transformation of the Group in terms of anticipating the need for skills, organising new working methods, and enhancing our attractiveness.”
He added, “Since joining the Group, Sofia Merlo has pursued a diversified career path, allowing her to multiply experiences in serving corporate clients, human resources and private banking. I have every confidence in her human qualities and in her good knowledge of the challenges facing the banking sector to support our on-going transformation and deepen our commitments with regard to our human resources. In the context of a health crisis, the Group’s Human Resources department, under the leadership of Sofia Merlo, will continue to play their central role in ensuring the best organisation, protecting our employees, and also ensuring – as an essential service provider – the proper functioning of our activities in order to serve our customers”.