BNP Paribas to hire 7,000 people in France in 2022

BNP Paribas announced a plan to hire as many as 7,000 people in France this year, as the lender implements a strategy to drive growth through technology and sustainable finance. 

The recruitment effort will focus on retail and corporate services, IT and support functions, as part of its strategy through 2025, the bank said in a statement Tuesday. Some 3,000 of those roles will be permanent and the rest allocated for apprentices and interns, the bank said.

“Through the recruitment of diversified profiles, we are pursuing dynamic development and innovation in all our businesses,” said Sofia Merlo, BNP’s head of human resources. 

On the back of a bumper first quarter, BNP’s hiring announcement heats up an already competitive market for staff in the financial sector. Peers including Deutsche Bank have warned that demands for higher pay are becoming one of the biggest challenges the industry faces this year. 

BNP is also on a hiring spree in Asia, as it seeks to boost its wealth management offering through its Singapore and Hong Kong hubs.  BLOOMBERG