BNP Paribas Leasing Solutions, a European equipment finance provider, has appointed Isabelle Loc as its chief executive.

She succeeds Charlotte Dennery, who becomes chief executive of BNP Paribas Personal Finance, after almost six years at the helm of the leasing division.

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Isabelle Loc will report to Thierry Laborde, deputy CEO of the BNP Paribas Group and will be responsible for pursuing the growth and development of BNP Paribas Leasing Solutions and for outlining and implementing its next medium-term strategic plan (2022-2025).

Laborde said: “I would like to thank Charlotte Dennery for the strong momentum that she has built for BNP Paribas Leasing Solutions through the expansion and transformation of the business over the past six years.

“With her expertise and solid knowledge of the Group, Isabelle Loc has the necessary skills to continue accelerating the growth of a business that lies at the heart of the real economy.”

Isabelle Loc, 38, has been the head of real assets, EMEA at BNP Paribas CIB since 2018 and has played a key role in advising and financing clients across the energy, natural resources, infrastructures, transportation and real estate sectors.

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Between 2018 and 2016, she was a senior banker in charge of BNP Paribas’ strategic clients. She first joined BNP Paribas Group in 2010 within the global equity & commodity derivatives teams and was later appointed secretary of the group’s executive committee in 2013.

Isabelle Loc began her career at McKinsey & Company. She is a graduate of Ecole Polytechnique and Columbia University.

In February 2021, BNP Paribas announced in its financial statement that the bank’s five specialised businesses and domestic markets (Arval, Leasing Solutions, Personal Investors, Nickel and Luxembourg Retail Banking), achieved a strong increase in business activity.

Revenues for the five businesses stood at €3.4bn, up by 7.7% compared to 2019, while operating expenses rose by 3.4% compared to 2019, to €1.9bn on the back of business development.