“I don’t see that there is a risk today that we will lose money – even in an extreme scenario.” This is a bold claim and one that not many heads of corporate and investment banking would be in a position to make. But Alain Papiasse at BNP Paribas is confident that the balance-sheet restructuring that the bank has recently undertaken puts him in this position. Papiasse became deputy chief operating officer at the bank in December 2011 along with Jacques d’Estais, head of investment solutions.
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