Change in Natixis' governance
03 Agosto 2020 - 12:38PM
Change in Natixis' governance
Paris, August 3rd, 2020
Change in Natixis’
governance
Following its meeting today, the board
of directors of Natixis announces the departure of François Riahi
who leaves his functions of Chief Executive Officer of Natixis and
member of the management board of Groupe BPCE due to strategic
differences regarding the options of Natixis’ future
plan.
In order to prepare the new strategic
plan due to be presented next summer, and with a view to initiating
this new stage in the life of the company, the board of directors
decided to appoint Nicolas Namias as Chief Executive Officer with
effect from August 4th, 2020.
Laurent Mignon, Chairman of Natixis’ board of
directors, said: “I would like to commend François Riahi and thank
him most sincerely for his commitment and loyalty in serving Groupe
BPCE for more than 10 years. He showed discipline, efficiency and
great intelligence in accompanying all the main stages in the
group’s life since it was founded in 2009, and notably contributed
to our development in Asia. Serving as Chief Executive Officer of
Natixis for the last two years in particularly difficult
conditions, he executed a number of major projects, such as the
transfer of the Specialized Financial Services business to BPCE,
the creation of a European leader in insurance asset management
with La Banque Postale, the ongoing sale of 29.5% of Natixis’
holding in Coface and the development of a single non-life
insurance platform for the group. Under his leadership, Natixis’
business lines conducted significant transformations, among which
the clear choice in favor of energy transition and its application
within our Corporate & Investment Banking business. On behalf
of the board of directors and the group’s management board, I wish
François every success for the future”.
“On behalf of the board of directors and the
group’s management board, I offer my warm congratulations to
Nicolas Namias for his appointment. Nicolas possesses fine-grained
and in-depth knowledge of Natixis where he spent four years. First,
as Head of Strategy, he was in charge of preparing the New
Dimension plan and leading several growth transactions in the Asset
Management, M&A, Insurance and Payments businesses. Then, as
Chief Financial Officer, he convinced investors of the soundness
and strength of Natixis’ model. During these last two years, as
Head of Group Finance and Strategy, he has also demonstrated the
qualities of anticipation, decision-making and execution that are
vital in the current climate. Working with the senior management
committee and all of Natixis’ teams, he will be capable of driving
the growth of the bank for the benefit of its clients, employees
and shareholders”.
For his part, François Riahi wishes every
success to Groupe BPCE and particularly to Natixis, a
high-performing, unique and useful financial company, and to the
talented women and men comprising its teams.
Nicolas Namias Biography
Nicolas Namias has been a member of the
management board of Groupe BPCE, Deputy Chief Executive Officer and
Chief Financial Officer since November 1st, 2018.
He began his career in 2004 in the Treasury
within France’s Ministry for the Economy and Finance. In 2008, he
joined Groupe BPCE in the Financial Department, then became the
Group’s Head of Steering for Commercial Banking and Insurance. In
2012, he was appointed technical advisor to the Prime Minister for
financing the economy and companies, and for international economic
affairs. On rejoining Groupe BPCE in 2014, he became Head of
Strategy for Natixis, member of the executive committee. He notably
coordinated all the M&A operations and the definition of the
2017-2020 strategic plan. In 2017, he was appointed Chief Financial
Officer of Natixis and member of the senior management
committee.
Nicolas Namias has also served as Chairman of
the board of directors of Crédit Foncier since August 2019. Nicolas
Namias is a graduate of France’s Ecole Nationale d’Administration,
Stanford Graduate School of Business (executive program), ESSEC
Business School and Institut d’Etudes Politiques de Paris.
About NatixisNatixis is a
French multinational financial services firm specialized in asset
& wealth management, corporate & investment banking,
insurance and payments. A subsidiary of Groupe BPCE, the
second-largest banking group in France through its two retail
banking networks, Banque Populaire and Caisse d’Epargne, Natixis
counts nearly 16,000 employees across 38 countries. Its clients
include corporations, financial institutions, sovereign and
supranational organizations, as well as the customers of Groupe
BPCE’s networks. Listed on the Paris stock exchange, Natixis has a
solid financial base with a CET1 capital under Basel 3(1) of €11.3
billion, a Basel 3 CET1 Ratio(1) of 11.4% and quality long-term
ratings (Standard & Poor’s: A+ / Moody’s: A1 / Fitch Ratings:
A+). (1) Based on CRR-CRD4 rules as reported on June 26,
2013, including the Danish compromise - without phase-inFigures as
at 31 March 2020
Press contacts:
Daniel Wilson+33 1
58 19 10 40daniel.wilson@natixis.com |
Vanessa
Stephan+33 1 58 19 34 16vanessa.stephan@natixis.com |
www.natixis.com
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- Change in Natixis' governance