– FRANCE, Montrouge – Crédit Agricole CIB (EPA: ACA), the corporate and investment bank of the Crédit Agricole Group, today announced the appointments of Jean-François Balaÿ, Olivier Bélorgey and Pierre Gay as Deputy CEOs and second Executive Directors, effective January 1st 2021.
The appointments are consecutive to François Marion’s decision to resign from his position of deputy-CEO effective January 1st, 2021, as he has decided to retire on June 30th, 2021.
This new executive management team offers a more balanced representation of the Bank’s two main divisions: the financings and markets business lines, as well as the support functions.
The new supervisory structure of Crédit Agricole CIB’s executive management team is as follows:
- Chief Executive Officer Jacques Ripoll continues to supervise Senior Regional Officers, Senior Country Officers Europe, Communications and Strategy, the Innovation and Digital Transformation sector and the Cost Efficiency team;
- Jean-François Balaÿ supervises the Debt Optimization & Distribution division, the Distressed Assets department, International Trade and Commercial Banking, and Structured Finance;
- Olivier Bélorgey supervises Finance and Procurement, and the Consulting team;
- Pierre Gay supervises Capital Markets activities and, jointly with Hélène Combe-Guillemet, the Equity activities;
- Jacques Ripoll and Olivier Bélorgey jointly supervise Compliance, General Audit, Legal, and the Corporate governance teams.
Four Deputy General Managers, reporting to CEO Jacques Ripoll, complete the executive management team forming the Bank’s executive committee:
- Stéphane Ducroizet supervises Risks and Permanent Control;
- Pierre Dulon, who is currently General Manager of Azqore, will join Crédit Agricole CIB on April 1st, 2021, and supervise IT, Operations, Real Estate and the Chief Operating Officers of the international network, as well as Azqore;
- Didier Gaffinel supervises Client Coverage and Investment Banking;
- Anne-Catherine Ropers oversees Human Resources.
The appointments of Stéphane Ducroizet, Didier Gaffinel and Anne-Catherine Ropers are effective January 1st 2021.
About Jean-François Balaÿ
Jean-François Balaÿ started his career at Credit Lyonnais (now LCL) in 1989 where he held several managerial positions in the corporate banking markets in London, Paris, and Asia. From 2001 to 2006, Jean-François was Head of Origination and Structuring for Europe within LCL and then Crédit Agricole CIB Credit syndication activity. In 2006, he became Deputy Head of the EMEA team and, in 2009, Head of the Global Loan Syndication Group. In 2012, he was appointed Head of Debt Optimisation & Distribution. In 2016, he was appointed Head of Risks and Permanent Control. He became in July 2018 Deputy General Manager supervising Structured Finance, Debt Optimisation and Distribution, Distressed Assets and International Trade & Transaction Banking.
Jean-François Balaÿ holds a DESS in Banking and Finance and a master’s in economics from Lumière Lyon II University.
About Olivier Bélorgey
Olivier Bélorgey started his career in capital markets at Crédit Lyonnais in 1991. In 1995, he joined the Finance division’s ALM unit, where he oversaw interest rate risk. In 1999, he joined the retail banking network as Head of Individuals and Professionals before being appointed to the Human Resources division as Head of HR policy in 2001. In 2004, he became Head of Management Control at Crédit Agricole CIB. In 2007, Olivier was appointed Head of ALM at Crédit Agricole CIB and in 2009 his responsibilities were extended to include credit portfolio management. In 2011, he was appointed Head of Financial Management at Crédit Agricole S.A., becoming Finance Director of Crédit Agricole CIB in 2017. Olivier also took over the supervision of the Procurement in September 2020.
Olivier Bélorgey is a graduate of Ecole Polytechnique and holds a postgraduate degree in condensed matter physics as well as a Ph.D. in science.
About Pierre Gay
Pierre Gay started his career at the Crédit Agricole Group in 1990 where he held various positions within Calyon, Crédit Agricole Indosuez, and Crédit Lyonnais. He was appointed Chief Executive Officer of Newedge for Asia in 2005. In 2011, he became Treasurer of the Newedge Group before becoming Treasurer of Crédit Agricole CIB in 2014. In 2016, he was appointed Head of Global Markets France and became Head of Global Markets Europe excluding the UK the same year. He became Global Head of Global Markets in February 2019.
Pierre Gay holds an Applied Mathematics MSc from the University of Lyon I and a post-graduate degree of management from the ESC Lyon / University of Lyon III.
About Crédit Agricole Corporate and Investment Bank
Crédit Agricole CIB is the corporate and investment banking arm of Credit Agricole Group, the 12th largest banking group worldwide in terms of tier 1 capital. Nearly 8,400 employees across Europe, the Americas, Asia-Pacific, the Middle East, and Africa support the Bank’s clients, meeting their financial needs throughout the world. Crédit Agricole CIB offers its large corporate and institutional clients a range of products and services in capital markets activities, investment banking, structured finance, commercial banking, and international trade. The Bank is a pioneer in the area of climate finance and is currently a market leader in this segment with a complete offer for all its clients.
For more information: https://www.ca-cib.com/
- Disclaimer - News, data, and statements included in this release are intended exclusively for general information purposes. Talent4Boards does not guarantee that news is accurate or about the correct person and accepts neither liability for the consequences of the reader’s reliance, nor responsibility for the accuracy of the information. Nothing in this release should be considered for decisions about referred securities. Products and brand names may be trademarks or registered trademarks of their respective owners.