The workload became too heavy for a branch to two people

Anew size, new organization. Drawing the consequences of its development in the Bank of detail in the international and specialized financial services (SFS), Société Générale announced yesterday, just ten days after the flat of his trades of bank financing and investment (BFI), a vast reorganization of its retail banking activities with a strengthening of its Directorate General.

While a single pole with common services comprised so far, under the leadership of Didier Alix, the network of agencies in France, overseas retail banking and the SFS, each of these activities is now housed in a separate branch, with respectively own computer resources, finance and human resources. All the activities of retail bank intervening under the brand name Société Générale in France will be at the same time brought together under a same authority: the pattern of the network of Société Générale, Jean-François Sammarcelli, will thus oversee not only strategy and marketing, but also the means of payment.

Third evolution, the creation of a post of "Director of resources", which échoira from January 1 to Séverin Cabannes, the current General Manager of Steria system integrators. Like Claude Brunet in AXA, its mission will be to improve the effectiveness of the group "by developing the practices of sharing and synergies". He will oversee procurement, real estate, computer science, internal organization and some cross-cutting projects.

Expanded Executive Committee

This new organization is accompanied by a strengthening of the Directorate-General, with the arrival of Didier Alix (sixty years) to the position of Director General in charge of retail banking, and FSS and cross-cutting projects, alongside Philippe cistern (fifty-seven years old), who remains Director and Associate General Manager while in recent weeks, rumors were starting right from the CEODaniel button. It will be responsible for key strategic issues, external growth operations and major risks, while supervising the activities of BFI, management of assets and services to investors. "The Group has doubled or tripled in size in numbers, income and capital own since 1999, says Philippe cistern.". The workload became too heavy for a branch to two people.

The perspective of the corrections in the "Pathway II case" trial, with the sword of Damocles of a possible conviction of Daniel button for aggravated money laundering, played on this new distribution of roles "It is not allow to Daniel button to step back for the duration of the trial", provides an internal source. It will be time to draw the consequences of a possible conviction, so it would be probably followed, where appropriate, of a procedure of appeal, by precedent nature.

This reorganization also goes hand in hand with enlargement of the Executive Committee, which will be now 14 members. In addition to Christian Poirier, who leaves the direction of marketing to become Adviser to the President, and Didier Hauguel, Director of risk, Jean-François Sammarcelli (56 years) and Séverin Cabannes (48 years) make their entry. "The idea is to prepare the succession in the long term," commented Philippe cistern. It is unthinkable that a group of quinquas truste Executive until the age of 65 years without thinking of the suite. "Until now, the names of Frédéric Oudéa (forty-three years old), Chief Financial Officer, and Jean-Pierre Mustier (45 years), boss of the BFI, were most often cited to integrate, when the time comes, the Directorate-General for the estate of Daniel button, age of fifty-six years.