Bertrand de Mazières Top Executive
Bertrand de Mazières has been engaged since 1982 in public administration, financial market regulation and international capital markets. In close and continuous interaction with banks, international financial institutions, capital market enterprises, administrations, central banks and regulatory supervisors, he has held operational and supervisory/regulatory functions, all concerned by and contributing to the development of capital markets at the service of the public, and especially to the EU financial integration and international development finance. His experience also includes the set-up and management of newly created operations, and membership in various boards of directors. He has been the chief financial officer of the biggest multilateral bank and largest long-term lender in Europe since August 2006, with responsibility for funding, treasury, ALM, back and middle office, and a staff of 250.
Bertrand de Mazières joint the Board of BNP Paribas as censure, i.e. non voting member, on October 2nd, 2024, and has been a member of the Board of IFFIm, the International Finance Facility for Immunisation, since June 2018. He is also a member of the AFT Strategic Committee, an advisory body to the Agence France Trésor, the French Debt Management Office.
Bertrand de Mazières sat on the board of the International Capital Markets Association (ICMA) from June 2014 to June 2020.
Used to work in a multicultural environment, he likes to team with different personalities and fosters a sense of solidarity, commitment and innovation.
Bertrand de Mazières is married to an English wife. They live in Luxembourg. They have three grown-up children.
Industry:
Banking
Headquarters:
Luxembourg, Luxembourg
Followers:
1211
Title:
Independent Member Board of Directors
Company:
European Investment Bank
Company Website:
https://group.bnpparibas
Company Linkedin:
https://www.linkedin.com/company/bnp-paribas/
Company Founded In:
1848
Company Size:
10001+
Current Job Duration:
1 yr 2 mos
Country:
Luxembourg
Work Experience:
Title: Independent Member Board of Directors
Company: BNP Paribas
Company URL: https://www.linkedin.com/company/bnp-paribas/
Industry: Banking
Company Size: 10001+
Location: None
Country: None
Employment Type: None
Start At: 05-2025
Ends At: Present
Description: None
Title: Censeur - non-voting Board Member
Company: BNP Paribas
Company URL: https://www.linkedin.com/company/bnp-paribas/
Industry: Banking
Company Size: 10001+
Location: Hybrid
Country: None
Employment Type: Part-time
Start At: 10-2024
Ends At: 05-2025
Description: None
Title: Director General, Finance
Company: European Investment Bank
Company URL: https://www.linkedin.com/company/9360/
Industry: None
Company Size: None
Location: Luxembourg, Luxembourg
Country: None
Employment Type: Full-time
Start At: 08-2006
Ends At: Present
Description: The Director General Finance (DGFI) is in charge of the funding of EIB, manages the treasury assets and is responsible for the first line of defense risk management of these activities. He is also charged with the back-office of all the Bank’s operations. He is head of a staff of 250, working in the Front, Middle and Back-Office functions.
With annual borrowing programmes between EUR 40 and 80 bn, the EIB is one of the world’s largest non-sovereign borrowers in international capital markets. Treasury assets under management exceed EUR 80 bn. Treasury management is also performed for third parties: the European Investment Fund (EIF) – a subsidiary of EIB – and various operations set-up by the European Union or the member states, including the sales of EU-owned carbon issue rights. EIB is the only multilateral institution eligible to the monetary operations of central banks: the Eurosystem and the Swiss National Bank.
The DGFI oversees the asset/liability (ALM) of the Bank. As chairman of the Bank’s ALM Committee (ALCO), he supervises the definition and monitoring of ALM policies. He is responsible for the implementation of ALM, and the hedging of liquidity, spread and foreign exchange risks.
A visible contribution of EIB to the development of capital markets was the creation of green bonds with the first ever issuance realized in July 2007. Since then, EIB has continuously engaged in the development of the standards and best practices of this market; it is committed to implement the EU Green Bond Standards. Starting in 2018, EIB has also issued social bonds modeled on the same format and standards.
The DGFI chaired the high level committee on gender and national diversity, whose proposals made the bulk of the EIB’s first formal Diversity Policy adopted in 2009, and regularly updated since then.
Permanent training included the attendance to the High Performance Leadership Programme of IMD International in Lausanne (September 2010).
Title: Special Adviser to the President of the European Investment Bank
Company: European Investment Bank
Company URL: https://www.linkedin.com/company/9360/
Industry: None
Company Size: None
Location: Luxembourg
Country: None
Employment Type: Full-time
Start At: 10-2023
Ends At: 10-2024
Description: After my replacement as Director General Finance of the EIB by the excellent Cyril Rousseau, I was appointed Special Advisor to the President, as a transition to my retirement, effective in July2024. In this new position, I first ensured a safe handover to my successor, until Christmas 2023.
Title: Member Board of Directors
Company: IFFIm - the International Finance Facility for Immunisation
Company URL: https://www.linkedin.com/company/iffim/
Industry: Non-Profit Organization Management
Company Size: 11-50
Location: London Area, United Kingdom
Country: None
Employment Type: None
Start At: 06-2018
Ends At: Present
Description: None
Title: Member of the French Group of Experts on Capital Market Union
Company: Group of Experts on Capital Market Union established by Minister Bruno Lemaire in January 2024
Company URL: None
Industry: None
Company Size: None
Location: Paris, Île-de-France, France
Country: None
Employment Type: Freelance
Start At: 01-2024
Ends At: 06-2024
Description: The Group of Experts, chaired by Christian Noyer, Honorary Governor of the Banque de France, is tasked with providing ideas on the ways to boost the CMU project when the new Commission and EU Parliament are in place.
Title: Directeur Général - Chief Executive
Company: Agence France Trésor - AFT
Company URL: None
Industry: None
Company Size: None
Location: Paris
Country: None
Employment Type: None
Start At: 10-2003
Ends At: 08-2006
Description: AFT is the arm of the French Ministry of Economy and Finance in charge of State debt and treasury, with a mandate to handle government debt and cash management under the most secure conditions and in the best interest of the taxpayer. The Chief executive reports directly to the Director General of the Treasury and Economic Policy and to the Minister of Finance, and is accountable to Parliament for the execution of its operations.
Net medium and long term debt issuance in 2005 amounted to 125 billion euros and the programme for 2006 stood at 120 billion euros. Average daily cash management transactions are approximately 22 billion euros.
As the operational arm of the State on the fixed income markets, AFT is actively involved, as an in-house expert, in the regulation of financial markets that falls under the remit of the Ministry of Economy and Finance.
Title: Secretary General and Head of CMF Services
Company: Conseil des Marchés Financiers - CMF
Company URL: None
Industry: None
Company Size: None
Location: Paris
Country: None
Employment Type: None
Start At: 10-1996
Ends At: 10-2003
Description: The CMF was a regulatory agency established in 1996, responsible for the regulation and supervision of the French financial markets, and vested with disciplinary powers. The CMF was also in charge of the regulation of public tender offers and gave prior approval to any offer on a company listed in France. These responsibilities were exercised by a Board of 16 members, appointed by the Minister of Finance.
The Secretary General was selected by the Board, subject to ministerial approval. His missions included the establishment and management of the new agency, the definition and coordination of its operations, the preparation and implementation of a complete revision of financial markets regulations. CMF management and staff were placed under commercial law, not public service legislation.
The CMF was also engaged in international activities as an advisor to the Ministry of Economy and Finance on European and IOSCO regulatory work, with CMF staff being negotiators on directives such as the 13th directive on take-overs, the 2002 directive on financial collateral agreements, the 2002 directive on distance marketing of financial services, the 2003 "market abuse directive", and the 2004 directive on financial market instruments. Other international activities included the role of co-regulator for Euronext, Clearnet-LCH, and for Euroclear-CREST
CMF was merged with the Commission des Opérations de Bourse COB into the Autorité des Marchés Financiers in November 2003. Between 1996 and 2003, CMF achieved the first-ever codification of regulations applicable to investments services providers, regulated market enterprises, clearing houses and settlement systems; this code and its updates remain an essential part of the rulebook of AMF. I also guaranteed the proper operation of major takeovers, leading to the merger of BNP and Paribas, or Total and ELF, without ever incurring the nullification of its decisions by the Judiciary.
Title: Assistant Under-Secretary for Debt and Development & Vice-President of the Paris Club
Company: Direction générale du Trésor (French Treasury)
Company URL: https://www.linkedin.com/company/direction-generale-du-tresor-french-treasury/
Industry: Government Administration
Company Size: 1001-5000
Location: Paris
Country: None
Employment Type: None
Start At: 06-1993
Ends At: 10-1996
Description: The Assistant Under-Secretary is the French chief negotiator for the capital increase and replenishment of multilateral development banks and funds, and French alternate-governor or board member. The major negotiations concerned the replenishment of 11th IDA, 7th African Development Fund, the Global Environment Facility and the project of the Middle-East Development Bank. B. de Mazières was also the initiator and first chairman of the French Global Environment Facility.
The Assistant Under-Secretary is also responsible for bilateral financial assistance to developing countries and for the negotiation of its articulation with IMF and World Bank programmes. A major case of financial policy was the devaluation of the CFA Francs in 1994 and the negotiation and implementation of the ensuing financial assistance programmes.
The Vice-President of the Paris Club chairs the negotiations organised by this informal group of official creditors to reschedule the debt of nations facing payment difficulties. Bertrand de Mazières chaired 23 negotiations of debt rescheduling agreements by the Paris Club and contributed to the definition of new policies, the so called “Naples terms” followed by the launching of the HIPC Initiative, which is still in application today).
The Assistant Under-Secretary chaired the commission in charge of delivering the State’s guarantee to investments abroad, was a member of the supervisory council for the Agence Française de Développement (AFD) and of the board of the central banks of the West African and Central African Financial Communities.
Title: Chef du Bureau Banques - Head of the Banking Office
Company: Direction générale du Trésor (French Treasury)
Company URL: https://www.linkedin.com/company/direction-generale-du-tresor-french-treasury/
Industry: Government Administration
Company Size: 1001-5000
Location: Paris
Country: None
Employment Type: None
Start At: 10-1988
Ends At: 06-1993
Description: The Banking Office prepares and implements banking regulation, supervises State owned banking institutions. The Head of the Banking Office was also member of the board of directly or indirectly State-owned banks (Banque de Bretagne, CIC-Paris).
Title: Attaché Financier - Financial Attaché for the USA and Canada
Company: Direction générale du Trésor (French Treasury)
Company URL: https://www.linkedin.com/company/direction-generale-du-tresor-french-treasury/
Industry: Government Administration
Company Size: 1001-5000
Location: Washington - French Embassy
Country: None
Employment Type: None
Start At: 07-1986
Ends At: 09-1988
Description: The Financial Attaché is a diplomat who acts as a liaison officer between the French Treasury and the economic and financial administrations of his countries of assignement. He also assists French financial companies in developing their presence in these countries.
Title: Adjoint au Chef de Bureau - Deputy Head Office
Company: Direction générale du Trésor (French Treasury)
Company URL: https://www.linkedin.com/company/direction-generale-du-tresor-french-treasury/
Industry: Government Administration
Company Size: 1001-5000
Location: Paris
Country: None
Employment Type: None
Start At: 06-1982
Ends At: 06-1986
Description: Deputy head of:
- The Office for State-owned companies of intermediary goods, steel and chemicals sectors (1982-1985).
- The Sub-Saharan Africa Office for Sub-Saharan Africa (1985-1986).
Education:
School: ENA - Ecole Nationale d'Administration - Paris - France
Degree: Government and Public Service Management
Activities: None
School: University of Paris I: Panthéon-Sorbonne
Degree: Diplôme d'Etudes Approfondies (Master 2), Public law
Activities: None
School: HEC Paris
Degree: Business Administration and Management, General
Activities: None
School: Paris-Sud University (Paris XI)
Degree: Master's Degree, Business and Public Law
Activities: None
Headline:
Director General - Finance at European Investment Bank between 2006 and 2023