Christian Noyer (born 6 October 1950) is a French economist who served as Governor of the Bank of France from 2003 to 2015. In this capacity, he chaired the Bank for International Settlements from 2010 until 2015.[1][2] He had previously served as vice president of the European Central Bank from 1998 to 2002.
Christian Noyer | |
|---|---|
.jpg) Noyer in 2008 | |
| Chair of the Bank for International Settlements | |
| In office March 2010 – October 2015 | |
| General Manager | Jaime Caruana |
| Preceded by | Guillermo Ortiz Martínez |
| Succeeded by | Jens Weidmann |
| Governor of the Bank of France | |
| In office 1 November 2003 – 31 October 2015 | |
| Preceded by | Jean-Claude Trichet |
| Succeeded by | François Villeroy de Galhau |
| Vice-President of the European Central Bank | |
| In office 1 June 1998 – 31 May 2002 | |
| President | Wim Duisenberg |
| Preceded by | Position established |
| Succeeded by | Lucas Papademos |
| Personal details | |
| Born | 6 October 1950 Soisy-sous-Montmorency, France |
| Political party | Rally for the Republic (Before 2002) Union for a Popular Movement (2002–2015) |
| Education | Paris Descartes University Sciences Po École nationale d'administration |
Career
editAppointed to the Treasury in the Ministry of the Economy and Finance in 1976, Noyer subsequently spent two years in Brussels from 1980 to 1982 at France's permanent representation to the European Communities. Back at the Treasury, he held a range of posts dealing with both domestic issues (government cash and debt management, banking affairs, financing of industry and state-owned enterprises) and international affairs (multilateral issues, export financing). In 1995, he became chief of staff to Finance Minister Jean Arthuis.
Noyer was appointed Governor of the Bank of France in 2003 by then-President Jacques Chirac and confirmed for a second term by his successor, Nicolas Sarkozy. During his tenure as Governor, he was also Chairman of the Autorité de contrôle prudentiel et de résolution (ACPR, the French Prudential Supervision and Resolution Authority for banks and insurance). He also chaired the supervisory boards of the Institut d'Émission des Départements d'Outre-Mer (IEDOM) and the Institut d'Émission d'Outre-Mer (IEOM), the French overseas note-issuing central banks.
Later career
editIn 2014, the daily newspaper Le Monde reported that Noyer had been considered to succeed Baudouin Prot as chairman of private bank BNP Paribas; the post instead went to Jean Lemierre.[3]
In 2016, Noyer was appointed by Minister of the Economy, Finance and Recovery Bruno Le Maire to lead a task force mandated with leading efforts to attract business from London in the wake of Brexit.[4][5] He also led France's successful bid to relocate the European Banking Authority to Paris in 2017.[6] In 2022, Le Maire extended Noyer's mission until 2024.[7]
In 2018, the French Treasury asked Noyer to study all possible options to reorganize Crédit Mutuel Arkéa, part of France's fifth-biggest lender, Groupe Crédit Mutuel.[8]
Other activities
editInternational organizations
edit- International Monetary Fund (IMF), Ex-Officio Alternate Member of the Board of Governors (1993–1995, 2003–2015)
- Financial Stability Board (FSB), Ex-Officio Member (2008–2015)
- World Bank, Ex-Officio Alternate Member of the Board of Governors (1993–1995)
Corporate boards
edit- BNP Paribas, Member of the Board of Directors (since 2021)[9]
- Power Corporation of Canada, Member of the Board of Directors (since 2016)[10]
Non-profit organizations
edit- Group of Thirty, Member[11]
- French Institute of International Relations (IFRI), Member of the Board of Directors[12]
- Club de l'horloge, Member (1974–75).[13]
References
edit- ^ BIS Board elects Christian Noyer as new Chairman
- ^ Joshua Franklin (7 September 2015), BIS says has elected Bundesbank chief Weidmann as chairman Reuters.
- ^ Martin Arnold (23 September 2014), BNP Paribas chairman Baudouin Prot to step down Financial Times.
- ^ Michael Stothard (31 October 2016), France sets up team in Brexit push to lure business from London Financial Times.
- ^ David Segal (10 December 2017), As Brexit Looms, Paris Tries a Business Makeover The New York Times.
- ^ Maya Nikolaeva and Huw Jones (21 November 2017), Paris watchdog win bolsters its fight for Brexit banks Reuters.
- ^ Paul de Villepin and Giorgio Leali (14 December 2023), France steps up efforts to lure post-Brexit financial jobs to Paris Politico Europe.
- ^ Maya Nikolaeva and Matthieu Protard (19 January 2018), France's Credit Mutuel Arkea to study break-up from parent group Reuters.
- ^ Conseil d'administration BNP Paribas.
- ^ Board: Christian Noyer Power Corporation of Canada.
- ^ Christian Noyer Group of Thirty.
- ^ Board of Directors Archived 26 May 2020 at the Wayback Machine French Institute of International Relations (IFRI).
- ^ See Philippe Lamy's thesis, p. 579: http://www.theses.fr/2016PA080034/document.