Christian Noyer

Christian Noyer
Noyer in 2008
Chair of the Bank for International Settlements
In office
March 2010 – October 2015
General ManagerJaime Caruana
Preceded byGuillermo Ortiz Martínez
Succeeded byJens Weidmann
Governor of the Bank of France
In office
1 November 2003 – 31 October 2015
Preceded byJean-Claude Trichet
Succeeded byFrançois Villeroy de Galhau
Vice-President of the European Central Bank
In office
1 June 1998 – 31 May 2002
PresidentWim Duisenberg
Preceded byPosition established
Succeeded byLucas Papademos
Personal details
Born (1950-10-06) 6 October 1950 (age 74)
Soisy-sous-Montmorency, France
Political partyRally for the Republic (Before 2002)
Union for a Popular Movement (2002–2015)
EducationParis Descartes University
Sciences Po
École nationale d'administration

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.

Career

Appointed 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

In 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

International organizations

Corporate boards

Non-profit organizations

References

  1. ^ BIS Board elects Christian Noyer as new Chairman
  2. ^ Joshua Franklin (7 September 2015), BIS says has elected Bundesbank chief Weidmann as chairman Reuters.
  3. ^ Martin Arnold (23 September 2014), BNP Paribas chairman Baudouin Prot to step down Financial Times.
  4. ^ Michael Stothard (31 October 2016), France sets up team in Brexit push to lure business from London Financial Times.
  5. ^ David Segal (10 December 2017), As Brexit Looms, Paris Tries a Business Makeover The New York Times.
  6. ^ Maya Nikolaeva and Huw Jones (21 November 2017), Paris watchdog win bolsters its fight for Brexit banks Reuters.
  7. ^ Paul de Villepin and Giorgio Leali (14 December 2023), France steps up efforts to lure post-Brexit financial jobs to Paris Politico Europe.
  8. ^ Maya Nikolaeva and Matthieu Protard (19 January 2018), France's Credit Mutuel Arkea to study break-up from parent group Reuters.
  9. ^ Conseil d'administration BNP Paribas.
  10. ^ Board: Christian Noyer Power Corporation of Canada.
  11. ^ Christian Noyer Group of Thirty.
  12. ^ Board of Directors Archived 26 May 2020 at the Wayback Machine French Institute of International Relations (IFRI).
  13. ^ See Philippe Lamy's thesis, p. 579: http://www.theses.fr/2016PA080034/document.
Government offices
New office Vice-President of the European Central Bank
1998–2002 		Succeeded by
Preceded by Governor of the Bank of France
2003–2015 		Succeeded by
Diplomatic posts
Preceded by Chair of the Bank for International Settlements
2010–2015 		Succeeded by