Alfred Pose, Managing Director of BNCI

1889-1969

Themes:

  • Banks & Financial Institutions
  • Innovation
  • Men & Women
Document

Alfred Pose took the helm of the newly-established BNCI in 1932 and carried through a major restructuring of the bank, bringing its organisation and businesses up to date.

 

• A man of learning

Born in 1889 in the Bearn, a region in the South of France, this shepherd’s grandson and son of a school teacher is a perfect example of the opportunities for climbing the social ladder that appeared under the Third Republic. After studying at HEC Paris – one of the foremost business schools in France –, he worked for several years before returning to his law studies, eventually obtaining a doctorate in both political economy and law. Armed with his degrees, Alfred Pose gave courses at the University of Caen from 1926 to 1930. During this period he wrote his first work De la théorie monétaire à la théorie économique (‘From Monetary Theory to Economic Theory’) which was a prelude to his major work, published in 1942 – La monnaie et ses institutions (‘Money and its Institutions’), which is an outstanding history of financial institutions.

Alfred Pose moved rapidly from theory to practice. In 1930, he became Head of Research at a Strasbourg-based bank called Société Générale Alsacienne de Banque. He came to the attention of the Chairman, René Debrix, and was appointed manager of the Cologne branch, before becoming assistant to the Chairman.

 

• The BNCI adventure

In 1932 he accepted a risky position, which everyone else had turned down, that of Managing Director of Banque Nationale pour le Commerce et l’Industrie (BNCI). This bank had been set up for the purpose of taking over the business activities of the Banque Nationale de Crédit (BNC), which had just gone bankrupt. Up until the 1950s Alfred Pose would demonstrate his exceptional talent, making the new bank one of the most dynamic and innovative of its era.

 

• A thorough reform of the bank

Backed by a top management team consisting of young HEC (business academy) and Ecole Polytechnique (science academy) graduates, Alfred Pose undertook a major reorganisation of the bank. The central administration was reshaped and the General Inspectorate (Internal Audit Department) became an innovative instrument for both supervising and organising the various departments. For the first time in France administrative centres were created to concentrate administrative and accounting tasks which up to then had been handled at the individual branches. He also held some highly innovative ideas on human resources management, wishing to free staff from traditional bank bureaucracy.

Lastly, during World War II, he also instigated the development of the overseas network – in the Caribbean, North Africa, French Equatorial Africa and French West Africa – with the establishment of BNCI Afrique, forerunner of the BICI.

Alfred Pose was also a committed royalist, and his role in politics was therefore more controversial, especially during the events in Algiers in 1942-1943 and the murder of Admiral Jean Francois Darlan.

Close

Contact us / Send us a document

The personal data collected from the Site are subject to data processing by BNP Paribas to enable access to and use of the functionalities offered by the Site www.histoire.bnpparibas.
Pursuant to the French Data Protection Law No. 78-17 of 6 January 1978, you are entitled to access the data collected by BNP Paribas and to have it amended, updated or deleted, where such information is incorrect, incomplete or outdated. You can exercise this right by contacting: BNP Paribas – APAC TDC Val de Marne, TSA 30233- 94729 FONTENAY SOUS BOIS Cedex.

This website has a cultural and historical purpose; it is not intended to deal with trade and banking relationship issues which will not be processed.
If you have a document, a photo, a story about BNP Paribas history and want to share it, please do not hesitate to share it there.
In transmitting this document, you certify to own it and to hold the property rights needed for their use. You authorize BNP Paribas to use it on the website Source of History.
Thank you for indicate the origin of the documents and give us any information you consider relevant to its understanding.

Close

Suscribe to Well of History's newsletter

The personal data collected from the Site are subject to data processing by BNP Paribas to enable access to and use of the functionalities offered by the Site www.histoire.bnpparibas.
Pursuant to the French Data Protection Law No. 78-17 of 6 January 1978, you are entitled to access the data collected by BNP Paribas and to have it amended, updated or deleted, where such information is incorrect, incomplete or outdated. You can exercise this right by contacting: BNP Paribas – APAC TDC Val de Marne, TSA 30233- 94729 FONTENAY SOUS BOIS Cedex.

Close

Files download

I undertake to make private use of the contents downloaded from the website

OK
Close

You have added an item to your selection.

You can find your saved contents in the “My space” section, which can be accessed at the top right of any page of the website.

My space English A+ A-

To find this content on your next visit, you need to create an account from this section, by clicking on:

Fermer Welcome to

Well of History

Since 1822, history has made us a key player and a witness of transformations taking place in society and economy in Europe and around the world. We invite you to share in our story and explore our archives to learn more about our constantly changing world.
Jean Lemierre Jean Lemierre,
Chairman
of BNP Paribas