Aerosmith's Steven Tyler sang "Sweet Emotion" at a benefit in Central Park Monday night. His co-honoree, Jean-Yves Fillion, the chief executive officer of U.S. operations at the French bank BNP Paribas, was more reserved.
Since taking over as CEO of BNP Paribas in 2011, Jean-Laurent Bonnafé's watchword has been "discipline." And while there have been aberrations, this trait has enabled the bank to steadily take market share from its European competitors and increase its bottom line.
It took a lot of soul-searching, but BNP Paribas' Claudine Gallagher ultimately turned down a job with a rival custody bank last year because, she concluded, there's nothing quite like building a business from scratch.
Advancements aimed at speeding the flow of information by eliminating manual processing are helping the global custody bank attract new clients and win more business from existing ones, fueling revenue growth and improving efficiency.