Daniel Truchi is to be replaced by investment
banker Jean-François Mazaud as global head of Société Générale
Private Banking (SGPB) following months of speculation.
In January, PBI reported on market
rumours that Truchi was to be replaced by Mazaud. SGPB denied the
rumours at the time.
Go deeper with GlobalData
Media reports in January suggested Truchi was
set to be replaced as part of a larger overhaul of SG’s private
banking unit.
The appointment is to take effect on 10
March.
Folléa promoted to deputy
role
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By GlobalDataMazaud moves from SG’s corporate and
investment banking (CIB) unit where he has been deputy head of
global finance since 2008.
As part of the reshuffle, Patrick Folléa has
been appointed deputy head of SGPB. He retains his existing
functions as CEO of SGPB France and overseeing the private bank’s
business in Belgium.
Yves Thieffry, currently deputy head of SGPB,
will take up another unconfirmed senior position within the private
bank, the French bank said.
A new role in Asia for
Truchi?
Truchi has been at the French bank since 1997,
where he spent 10 years as CEO of its Asia-Pacific private bank
before becoming global CEO in 2007.
A statement from SGPB said Truchi has decided
to pursue new opportunities in the financial sector.
The Frenchman has solid experience working in
Asia-Pacific, so his re-emergence in the region, perhaps assisting
an emerging private bank, would not come as a surprise.
