French bank SocGen reshuffles management structure

Credit: REUTERS/Charles Platiau

French bank Societe Generale, which earlier this week posted a second-quarter loss, announced changes to its management team on Tuesday.

PARIS, Aug 4 (Reuters) - French bank Societe Generale SOGN.PA, which earlier this week posted a second-quarter loss, announced changes to its management team on Tuesday.

The wide-ranging changes will see Philippe Aymerich, Deputy Chief Executive Officer and head of SocGen's French retail banking units, take on responsibility for all of SocGen's international retail banking and consumer credit activities.

Slawomir Krupa, currently Head of Global Banking & Investor Solutions for SocGen Americas, will also become deputy general manager and head of the Global Banking & Investor Solutions activities globally.

"The objective of this new organisation is to enable us to strengthen the Group synergies and our efforts to reduce costs," SocGen CEO Frederic Oudea said in a statement.

(Reporting by Sudip Kar-Gupta. Editing by Carmel Crimmins)

((sudip.kargupta@thomsonreuters.com; +33 1 49 49 53 84;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Reuters

Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV.

Learn More