BNP Paribas promotes Cristofari to China chairman

Francois Cristofari becomes chairman of BNP Paribas' China business, while Clarence Tao takes over his previous job as CEO.

BNP Paribas has promoted Francois Cristofari to chairman of the group’s China business, in recognition of his contribution to the bank’s achievements in the country.

Before this appointment, Cristofari was the chief executive officer of BNP Paribas China as well as country head for the BNP Paribas Group in China. He will retain the latter position, while Clarence Tao, former regional co-head of structured finance at the firm, will take over as China CEO.

“China is one of our priority markets with a wealth of potential brought on by the strong growth of its economy. We have operated in China almost uninterruptedly for over 150 years and we have a team with...

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