Camille Vauquenard · Chief Human Resources Officer · Europe
Six appointments on both sides of the border
Chief human resources officer
Banque Ardevrange
Sector
Regional cooperative retail and business banking
Ownership
Owned by about 236,000 member-shareholders through 52 local cooperatives; part of a national cooperative banking network
Company scale
€428 million net banking income and €16.8 billion total assets in 2025
Employees
1,860
Geography
France; Moselle and Meurthe-et-Moselle, along the Luxembourg and German borders
Reporting to
Chief executive; member of the executive committee; presents to the board's remuneration and nomination committees
Team
64 HR colleagues through five heads of function
Financial scope
€139 million annual personnel costs; €6.8 million HR and training budget
Mandate
Reshape the workforce for a smaller branch network and a remote advice model while keeping pay, conduct and consultation defensible.
Outcomes
Closed 27 branches in four waves, with 204 of 238 affected colleagues continuing in new roles
Reduced the unexplained adviser pay gap from 6.8% to 2.3% at a cost of €1.94 million
Applied malus for the first time after a cross-border suitability failure
Introduced tested and paid language requirements for German and Luxembourgish roles
Decisions in context
I lead human resources for a bank that is becoming smaller in branches and larger in remote advice, and my work is to make that change defensible to the people affected, to our employee representatives and to our board. I sit on the executive committee and present to the remuneration and nomination committees, whose members are directors elected through our local cooperatives. Since 2019 we have closed 27 branches, opened a remote advice centre in Metz, rebuilt our job architecture for the pay-transparency directive and applied malus for the first time. My five heads of function cover pay and benefits, employee relations, talent and training, payroll and HR operations, and workforce planning. The hardest decisions are those where the right answer for the institution is expensive for a few people; I make that cost visible early enough for the board to weigh it.
Reason for the move
Remain CHRO of Banque Ardevrange; any board seat I accept would be held alongside that executive post.
Deputy human resources director
Banque Ardevrange
Sector
Regional cooperative retail and business banking
Ownership
Member-owned through local cooperatives; part of a national cooperative banking network
Company scale
€401 million net banking income in 2018
Employees
2,040 at end-2018
Geography
France; north-eastern Lorraine, 111 branches at period end
Reporting to
Chief human resources officer
Team
38 colleagues in pay, employee relations and training
Financial scope
€4.2 million training budget; annual pay negotiation covering €148 million of personnel costs
Mandate
Bring pay, training and job architecture into line with new European remuneration and adviser-competence requirements.
Outcomes
Moved regulatory training records into a register tested quarterly by compliance
Redesigned branch incentive schemes with compliance review before each launch
Prepared the bank's transition from three employee bodies to a single CSE
Decisions in context
As deputy HR director I took on training and job architecture alongside pay and employee relations. New European requirements on adviser competence meant that a missing training record had become a regulatory finding rather than an administrative gap, so we rebuilt the register and asked compliance to test it every quarter. I also redesigned the branch incentive schemes with compliance colleagues, removing objectives that rewarded single-product volume in the weakest months. During 2018 I prepared the move from three separate employee bodies to one CSE, renegotiating meeting calendars, the number of representatives and what data they would see. The new body's first year coincided with my appointment as chief human resources officer. This period taught me that competence and incentives are two halves of the same conduct question, and that they need to be reviewed together rather than by separate departments.
Reason for the move
Chosen by the chief executive to lead the function after the previous CHRO retired at the end of 2018.
Head of employee relations and pay
Banque Ardevrange
Sector
Regional cooperative retail and business banking
Ownership
Member-owned through local cooperatives; part of a national cooperative banking network
Company scale
€372 million net banking income in 2012
Employees
2,180 at end-2012
Geography
France; north-eastern Lorraine, 118 branches at period end
Reporting to
Human resources director
Team
Nine pay and employee-relations specialists
Financial scope
Pay negotiation and payroll policy for €141 million of personnel costs
Mandate
Rebuild negotiating relationships with four representative unions during a period of margin pressure.
Outcomes
Reached signed pay agreements in four of five annual negotiations, after two failed years
Negotiated the bank's three-year agreement on job and career planning
Helped write the first policy identifying staff whose work could materially affect risk
Decisions in context
I joined the bank as head of employee relations and pay in the month the financial crisis reached its sharpest point. Relations with the four representative unions were formal and mistrustful, and the annual pay negotiation had ended without agreement two years running. I changed the preparation rather than the positions: the unions received the bank's personnel-cost data a month earlier, and we agreed in advance which figures both sides would treat as fact. We reached signed pay agreements in four of my five annual negotiations. I also negotiated the bank's agreement on job and career planning and helped write our first policy for identifying staff whose work could materially affect the risk profile, as EU pay rules for banks strengthened. My nine colleagues ran payroll policy, the negotiation calendar and individual employee-relations cases across the network.
Reason for the move
Promoted to deputy HR director to add training and job architecture to pay and employee relations.
Human resources manager, operations division
Morvalten Fund Services
Sector
Investment-fund administration, transfer agency and depositary control
Ownership
Subsidiary of a privately owned European financial-services group
Company scale
About €190 million revenue in 2007
Employees
About 1,150 in Luxembourg
Geography
Luxembourg; staff commuting from France, Belgium and Germany
Reporting to
Group human resources director, with a working line to the operations director
Team
Seven HR advisers and administrators
Financial scope
Personnel costs of about €46 million for the operations division
Mandate
Stabilise turnover in fund accounting and transfer agency during rapid growth.
Outcomes
Reduced voluntary turnover in fund accounting from 19% to 12% a year
Published operating and people procedures in French and German alongside English
Trained 46 team leaders to manage staff working in a second or third language
Decisions in context
I led human resources for the operations division of a growing fund administrator: about 540 people in fund accounting, transfer agency and depositary control. Most commuted daily from Lorraine, Belgium or Saarland, and turnover in fund accounting had reached 19 per cent a year as competitors recruited trained staff. Exit interviews showed that pay was only part of the explanation. New joiners struggled with procedures written in English, and team leaders had never been taught to manage people working in their second or third language. We wrote procedures in French and German alongside English, trained 46 team leaders and introduced a defined progression path for fund accountants. Turnover fell to 12 per cent by 2008. I worked with the staff delegation on working-time arrangements and reported to the group HR director, with a working line to the operations director.
Reason for the move
Wanted to lead collective negotiation at a larger French employer after six years in Luxembourg.
Employee-relations adviser
Morvalten Fund Services
Sector
Investment-fund administration and transfer agency
Ownership
Subsidiary of a privately owned European financial-services group
Company scale
About €120 million revenue in 2004
Employees
About 820 in Luxembourg
Geography
Luxembourg; cross-border workforce
Reporting to
Head of employee relations
Team
No direct reports; one of four employee-relations advisers
Financial scope
Advisory role; no budget authority
Mandate
Handle individual employee-relations cases and support the staff delegation's meetings.
Outcomes
Handled about sixty disciplinary and grievance cases a year
Prepared French and German versions of staff-delegation minutes
Drafted manager guidance on working-time rules for part-time staff
Decisions in context
My first role in Luxembourg moved me from advising employers to working for one. I handled about sixty individual disciplinary and grievance cases a year, prepared the staff delegation's meetings and wrote French and German versions of their minutes. Luxembourg employment law differed from what I knew in Strasbourg, and I learnt it file by file with the company's external counsel. The most useful lesson came from grievances. Several turned on instructions a manager believed were clear and an employee had understood differently, because they had read them in a second language. I began asking managers to confirm important instructions in writing in the employee's preferred language, and disputes about what had been agreed became noticeably rarer. I had no direct reports and no budget, but I saw how operational growth turned into individual friction.
Reason for the move
Promoted to lead human resources for the operations division.
Employment-law adviser
Cabinet Delvoisin Conseil Social
Sector
Employment-law advisory practice for employers
Ownership
Partnership of three founding partners
Company scale
About €2.3 million annual fee income at period end
Employees
Eighteen
Geography
France; Strasbourg, advising employers across Alsace and Lorraine
Reporting to
Senior partner
Team
No direct reports
Financial scope
Client files; no budget responsibility
Mandate
Prepare consultation documents, negotiation briefs and procedural advice for employer clients.
Outcomes
Prepared consultation files for more than thirty reorganisation procedures
Drafted negotiation briefs for company agreements on the 35-hour working week
Advised insurance, retail and manufacturing clients on works-council procedure
Decisions in context
I began at a three-partner employment-law practice in Strasbourg, advising employers in insurance, retail and manufacturing. Most of my files concerned consultation procedures for reorganisations and the company agreements that followed France's move to a 35-hour working week. I drafted the documents that went to works councils, prepared negotiation briefs and attended meetings beside the partners. I learnt to make a procedure watertight. I also learnt where procedure stops: at the 1999 claims-centre meeting described in my biography, every document was in order and the secretary's question about one employee's journey still went unanswered. By 2002 I wanted to work inside an employer, where I would live with the consequences of advice rather than hand it over and open the next file. Luxembourg offered that, along with a workforce more varied than any I had advised.
Reason for the move
Wanted to work inside an employer and carry the consequences of the advice.
What I am looking for next
I am looking for one non-executive appointment that uses what I know about pay, consultation and workforce change in a regulated business, without asking me to claim expertise I lack. A mutual insurer, a payments or specialist-lending company, or a fund administrator facing automation would suit me better than another retail bank, both because of conflicts and because I would learn more there. I would expect to join the remuneration or nomination committee rather than chair one, and to spend my first year understanding how the company identifies its risk-takers, consults its employee representatives and decides which jobs automation will change. Twenty days a year is realistic alongside my executive role, provided the board calendar is known well in advance and both my employer and our board agree. I would want a chair who expects people questions to arrive with their costs attached and who is willing to hear that a reorganisation should slow down.