Nicolas Otton Appointed Head of the BNP Paribas Group in Luxembourg

On Monday 3 November 2025, BGL BNP Paribas announced Nicolas Otton has been appointed Chair of the Executive Committee of BGL BNP Paribas and Head of the BNP Paribas Group in Luxembourg, with effect from Thursday 1 January 2026.

According to BGL BNP Paribas, Béatrice Belorgey, Chair of the Executive Committee of BGL BNP Paribas and Head of the BNP Paribas Group in Luxembourg, has requested to exercise her right to retirement at the end of this year and will be succeeded by Nicolas Otton, currently Head of BNP Paribas Private Bank in France.

The Luxembourg-based subsidiary of the BNP Paribas Group said Nicolas Otton will focus on continuing the development of BGL BNP Paribas in the service of all its clients and on supporting the growth of all BNP Paribas business lines in Luxembourg. The appointment is subject to the approval of the relevant regulatory authorities.

“As a long-standing player in the financial centre, BGL BNP Paribas has always played a key role in the development of Luxembourg’s economy. Under Béatrice’s leadership, the bank has continued to grow while further strengthening client service quality and employee satisfaction. I would like to extend my warmest thanks to her for her dedication. I am confident that Nicolas will, in turn, use his experience to serve our clients and our teams in an ever-changing and increasingly demanding socio-economic environment,” said Bob Kieffer, Chair of the Board of Directors of BGL BNP Paribas.

“I would like to thank Béatrice for her unwavering commitment and significant contribution to the development of our Group. With more than 40 years of loyalty and deep knowledge of finance and the markets, she has successively held key strategic roles across the Bank’s businesses. As head of BGL BNP Paribas for over five years, she has radically modernised the bank in every respect, as evidenced by enhanced client services, the migration of IT systems to the cloud, and the transformative culture she has instilled. In projecting the bank into the future, Béatrice and her teams have helped make BGL BNP Paribas a responsible, accessible and indispensable institution within the country’s economy,” said Thierry Laborde, Deputy Chief Executive Officer of BNP Paribas, responsible for Commercial, Personal Banking & Services (CPBS).

“I am delighted with Nicolas’s appointment in Luxembourg, where we are the largest employer in the banking sector with nearly 4,000 employees. Under Nicolas’s leadership and in close coordination with all the Group’s business lines, our teams will continue to develop a bespoke offering that is ever more closely aligned with our clients’ needs,” said Yannick Jung, Deputy Chief Executive Officer of BNP Paribas, responsible for Commercial Banking in the Eurozone within CPBS.