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Societe Generale names CEO of CIB

Societe Generale group has named its CFO Didier Valet as CEO of Societe Generale Corporate & Investment Banking (SG CIB) as of 3 January 2012.

Valet, who is a member of Societe Generale group’s executive committee, replaces Michel Peretie, who has decided to pursue other opportunities outside the bank.

In addition, the group has appointed Christophe Mianne as deputy CEO of SGCIB and will supervise the global markets as well as operations and IT.

Christophe is a member of Societe Generale’s general management committee.

Bertrand Badre, who is a member of the group’s executive committee. is appointed CFO of Societe Generale group effective 3 January 2012.

Societe Generale group chairman and CEO Frederic Oudea Didier Valet’s experience as CFO, his extensive understanding of the capital market activities, of the regulatory constraints as well as investor expectations and his strong leadership capacity will be key to drive the adaptation of Societe Generale Corporate & Investment Banking to this new environment.