SocGen picks investment banking boss Krupa as its next CEO

  • 📰 Reuters
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 97%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

France's third biggest bank, Societe Generale, said on Friday investment banking boss Slawomir Krupa had been chosen by the board to become its next chief executive, succeeding veteran banker Frederic Oudea who is due to step down next year.

The bank said in a statement the board had chosen Krupa unanimously at the end of a selection process which included internal and external candidates.

Bini Smaghi said his first mission would be to see through the big changes started by his predecessor, including the merger of SocGen's retail banking networks, the expansion of the bank's car leasing operations and the growth of its online bank Boursorama. He joined SocGen as an inspector and made his way up, with jobs in Europe and the United States. From 2016 to 2021 he headed SocGen's Americas unit.

Under Oudea's leadership SocGen has streamlined operations to boost returns and financial solvency, notably by selling businesses in Central and Eastern Europe and refocusing its corporate and investment banking.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines