BNP Paribas UK Global Banking Leader Ponsonby Steps Down
By Anousha Sakoui
LONDON (Reuters) -BNP Paribas' UK head of global banking Matthew Ponsonby has resigned from his position, the bank said on Friday.
A successor will be announced in due course, the bank said.
"Matthew leaves our UK business in a strong position," a spokesperson for the bank said in a statement. "We thank him for his significant contribution to the growth of our franchise and wish him well in his future endeavours."
Ponsonby, who joined in 2017, said he is moving to a "compelling opportunity" that has yet to be disclosed publicly.
"I'm incredibly proud of what we have achieved at BNP Paribas," Ponsonby told Reuters. "We have made extraordinary progress."
Ponsonby joined the bank in a newly created role as part of strategy to expand its investment banking activity in Europe as competitors retrench, identifying four target markets including the UK for growth.
The firm has been making inroads into UK mergers and acquisitions with roles on deals such as the 3.57-billion-pound takeover of Royal Mail's owner.
He had joined from Barclays where he was vice chairman of banking, having joined the British bank in 2009 from Citigroup.
(Reporting by Anousha Sakoui; Editing by David Evans and Mark Porter)
