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BNP Paribas chief operating officer to retire amid US probe

LiveMint logoLiveMint 12-06-2014 Andrew Callus

Paris: BNP Paribas chief operating officer Georges Chodron de Courcel, 64, is to retire on 30 September and be relieved of his duties at the end of June, the French bank announced on Thursday as it wrestles with US authorities over a potential $10 billion dollar fine.

New York’s banking regulator asked for de Courcel to go as part of a settlement involving sanctions violations, a person familiar with the matter told Reuters on 5 June. Reuters

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