Natixis appoints Nicolas Namias as new CEO

– FRANCE, Paris –  Natixis today announced the appointment of Nicolas Namias as CEO effective from August 4th, 2020, succeeding François Riahi who leaves his functions of CEO and member of the management board of Groupe BPCE due to strategic differences regarding the options of Natixis’ future plan.

The new CEO appointment will let prepare the new strategic plan due to be presented next summer, with a view to initiating a new stage in the life of the company.

“On behalf of the board of directors and the group’s management board, I offer my warm congratulations to Nicolas Namias for his appointment. Nicolas possesses fine-grained and in-depth knowledge of Natixis where he spent four years. First, as Head of Strategy, he was in charge of preparing the New Dimension plan and leading several growth transactions in the Asset Management, M&A, Insurance and Payments businesses. Then, as CFO, he convinced investors of the soundness and strength of Natixis’ model. During these last two years, as Head of Group Finance and Strategy, he has also demonstrated the qualities of anticipation, decision-making and execution that are vital in the current climate. Working with the senior management committee and all of Natixis’ teams, he will be capable of driving the growth of the bank for the benefit of its clients, employees and shareholders”. said Board Chairman, Laurent Mignon.

He added: “I would like to commend François Riahi and thank him most sincerely for his commitment and loyalty in serving Groupe BPCE for more than 10 years. He showed discipline, efficiency and great intelligence in accompanying all the main stages in the group’s life since it was founded in 2009, and notably contributed to our development in Asia. Serving as CEO of Natixis for the last two years in particularly difficult conditions, he executed a number of major projects, such as the transfer of the Specialized Financial Services business to BPCE, the creation of a European leader in insurance asset management with La Banque Postale, the ongoing sale of 29.5% of Natixis’ holding in Coface and the development of a single non-life insurance platform for the group. Under his leadership, Natixis’ business lines conducted significant transformations, among which the clear choice in favor of energy transition and its application within our Corporate & Investment Banking business. On behalf of the board of directors and the group’s management board, I wish François every success for the future”.

About Nicolas Namias

Nicolas Namias has been a member of the management board of Groupe BPCE, Deputy CEO and CFO since November 1st, 2018.

He began his career in 2004 in the Treasury within France’s Ministry for the Economy and Finance. In 2008, he joined Groupe BPCE in the Financial Department, then became the Group’s Head of Steering for Commercial Banking and Insurance. In 2012, he was appointed technical advisor to the Prime Minister for financing the economy and companies, and for international economic affairs. On rejoining Groupe BPCE in 2014, he became Head of Strategy for Natixis, member of the executive committee. He notably coordinated all the M&A operations and the definition of the 2017-2020 strategic plan. In 2017, he was appointed CFO of Natixis and member of the senior management committee.

Nicolas Namias has also served as Chairman of the board of directors of Crédit Foncier since August 2019. Nicolas Namias is a graduate of France’s Ecole Nationale d’Administration, Stanford Graduate School of Business (executive program), ESSEC Business School and Institut d’Etudes Politiques de Paris.

About Natixis

Natixis is a French multinational financial services firm specialized in asset & wealth management, corporate & investment banking, insurance and payments. A subsidiary of Groupe BPCE, the second-largest banking group in France through its two retail banking networks, Banque Populaire and Caisse d’Epargne, Natixis counts nearly 16,000 employees across 38 countries. Its clients include corporations, financial institutions, sovereign and supranational organizations, as well as the customers of Groupe BPCE’s networks.

- DisclaimerNews, 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.