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Crédit Agricole CIB announces new management team
French bank appoints three deputy CEOs as top executive quits
5 Jan 2021 | The Asset

Crédit Agricole Corporate and Investment Bank announced on Tuesday (January 5) that deputy chief executive officer François Marion has resigned from his post, effective January 1 2021, and will retire on June 30.

The bank has also named Jean-François Balaÿ, Olivier Bélorgey and Pierre Gay as deputy CEOs and second executive directors.

It said its new executive management team “offers a more balanced representation of the bank’s two main divisions: the financings and markets business lines, as well as the support functions”.

Under the new structure, CEO Jacques Ripoll will continue to supervise senior regional officers, senior country officers in Europe, communications and strategy, the innovation and digital transformation sector, and the cost efficiency team.

Balaÿ will supervise the debt optimization & distribution division, the distressed assets department, international trade and commercial banking, and structured finance; Bélorgey, finance and procurement, and the consulting team; Gay, capital markets activities and, jointly with Hélène Combe-Guillemet, equity activities; while Ripoli and Bélorgey will jointly supervise the compliance, general audit, legal and corporate governance teams.

Four deputy general managers, reporting to Ripoll, complete the executive management team forming the bank’s executive committee. They are Stéphane Ducroizet, Pierre Dulon, Didier Gaffinel; and Anne-Catherine Ropers.