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François Riahi appointed Chief Executive Officer of Groupe BPCE, in charge of finance, strategy and legal affairs, Supervisory Board secretary and Management Board member

On the proposal of Francois Pérol, Chairman of the Groupe BPCE Management Board, the Group’s Supervisory Board today approved the appointment of Francois Riahi, the current Co-Head of Natixis’ Corporate & Investment Banking (CIB) business, as Chief Executive Officer of Groupe BPCE, in charge of finance, strategy and legal affairs, Supervisory Board secretary and Management Board member. Natixis CIB will continue to be managed by Marc Vincent, currently Co-Head of CIB.

Francois Riahi is to replace Marguerite Bérard-Andrieu as from January 1, 2018. Ms Bérard-Andrieu wants to pursue a new professional opportunity outside the Group as from January 2018. The Supervisory Board and the Management Board wish to thank her for her decisive contribution to the Group’s consolidation and development.

François Riahi will notably be responsible for implementing Groupe BPCE’s strategic plan, TEC 2020, presented on November 29 this year and for ensuring its execution in good financial conditions.

For François Pérol: "Thanks to his perfect mastery of the Group’s strategic, financial and governance issues, and the managerial and leadership skills demonstrated over almost nine years within the Group – particularly with Corporate & Investment Banking - François Riahi will make a major contribution to the work of the Management Board and the General Management Committee in developing the Group, at a time when we are starting to execute our new strategic plan, TEC2020”.

Francois Riahi, holds degrees from Ecole Centrale Paris, IEP Paris and Stanford, and is a former student of ENA and an Inspector of Public Finances. He joined Groupe BPCE in March 2009 and has successively been in charge of Group strategy, CEO of Natixis CIB Asia-Pacific and Co-Head of Natixis Corporate & Investment Banking.