Natixis News

Laurent Mignon succeeds François Pérol as Chairman of Groupe BPCE’s Management Board

Groupe BPCE’s Supervisory Board gathered on April 26, 2018 and took note of François Pérol’s decision to resign as Chairman of the Management Board, appointing Laurent Mignon, CEO of Natixis, to succeed him.

Laurent Mignon’s new role will become effective as of June 1st, 2018 when he steps down as CEO of Natixis.

In a sense of continuity, this hand-over will strengthen existing close ties between BPCE and Natixis whose clear and shared strategic vision underlies the « New Dimension » plan unveiled on November 20, 2017.

Natixis appointed François Riahi, asserting Natixis’ strategic and financial ambitions in both the short and the medium term.

Laurent Mignon, 54, has been Natixis Chief Executive Officer since May 2009. He has been a member of Groupe BPCE’s General Management Committee since 2009 and a member of its Management Board since 2013. Laurent Mignon is Chairman of Coface and Natixis Investment Managers, and lead director of Peter J. Solomon Company in New York. He also sits on the board of Arkema. After graduating from HEC in 1986 and the Stanford Executive Program, Laurent Mignon worked for Banque Indosuez for over 10 years, initially in capital markets, then in corporate & investment banking. In 1996, he joined Banque Schroders in London, then AGF (Assurances Générales de France) in 1997 as Chief Financial Officer. He was appointed to the AGF Executive Committee in 1998, then as Deputy Chief Executive Officer in charge of Banque AGF, AGF Asset Management and AGF Immobilier in 2002, then Chief Operating Officer in charge of life insurance & financial services and credit insurance in 2003. In 2006, he was appointed Chief Executive Officer and Chairman of the Executive Committee. From 2007 to 2009, he was managing partner at Oddo & Cie.

François Riahi (45) is a graduate of the Ecole Centrale de Paris school of engineering, the Paris Institute of Political Science (Sciences Po), the Stanford Executive Program, as well as a former student of the Ecole Nationale d’Administration (ENA).

Natixis
Limited liability company
Capital € 5 019 776 380,80
RCS Paris n°542 044 524
Regulated in France by the ACPR - Autorité de Contrôle Prudentiel et de Résolution
30, avenue Pierre Mendès-France
75013 Paris
www.natixis.com

BPCE
A French Société Anonyme governed by a Management Board and a Supervisory Board with capital of €155 742 320
Registered with the Trade and Companies Paris n° 493 455 042
50 avenue Pierre Mendès France – 75201 Paris Cedex 13
www.groupebpce.fr

This communication is for information only and is intended for investment service providers or other Professional Clients. The analyses and opinions referenced herein represent the subjective views of the author as referenced unless stated otherwise and are subject to change. There can be no assurance that developments will transpire as may be forecasted in this material

NGAM News