Firm In Surprise Management Shake-Up

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French bank Societe Generale has announced a surprise shake-up in its executive ranks, including the appointment of a new CEO for the Corporate & Investment Banking unit.

Here's what SocGen said:

Didier Valet, Chief Financial Officer of Societe Generale group, is appointed CEO of Societe Generale Corporate & Investment Banking (SG CIB) as of 3 January 2012. He replaces Michel Péretié, who has decided to pursue other opportunities outside the bank. Didier Valet is a member of Societe Generale group’s Executive Committee.

Christophe Mianné is appointed Deputy CEO of Societe Generale Corporate & Investment Banking and will supervise the Global Markets as well as operations and IT. Christophe is a member of Societe Generale’s General Management Committee.

Bertrand Badré is appointed Chief Financial Officer of Societe Generale group. This position will be effective as of 3 January 2012. He is a member of the Group’s Executive Committee.

'I would like to thank Michel Péretié for his commitment over the past 3 years in supporting Societe Generale Corporate & Investment Banking especially in this financial crisis environment. 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.

I am extremely happy to welcome Bertrand Badré to Societe Generale. His strong experience in the financial sector will be a strong contribution to our company’s success', said Frédéric Oudéa, Chairman and Chief Executive Officer of Societe Generale group.

Biographies

Didier Valet

• 2008: Chief Financial Officer
• 2007 - 2008: Head of Strategic Performance Management
• 2003 - 2007: Societe Generale Group Head of Investor Relations
• 2000 - 2003: Head of SG Securities' European Banking Research team
• 1996 - 1999: Equity Research Analyst at Dresdner Kleinwort Benson
• 1992 - 1996: Analyst within the Economic and Financial Research Department of Banque Indosuez

Graduate of the Ecole Polytechnique ;Graduate of the Ecole Nationale de la Statistique et de l'Administration Economique (ENSAE); Diploma from the Société Française des Analystes Financiers (SFAF)

Bertrand Badré

Graduated from the National School of Administration (École Nationale d'Administration – ENA), Bertrand Badré becomes Ibexsa’s deputy CFO in 1989, then Inspector of public finances from 1995. Deputy Director of Lazard in London (1999) then vice-president in New York (2000), he becomes deputy personal representative of the President of the French Republic for Africa and general reporter for the new international financial contributions in 2003 within the framework of the G8. Active partner for Lazard in Paris in 2004, he becomes in 2007 Chief Financial Officer of Crédit Agricole.

Christophe Mianné

Christophe Mianné joined Societe Generale Corporate & Investment Banking in 1988 in the sales department of the derivatives group and was later the Head of Financial Engineering until 1992 when he was appointed Head of Sales & Marketing for Equity Derivatives. In 1996 he became Deputy Head of the division and was appointed Global Head of Equity Derivatives in 1999. In 2007 he is appointed Head of the Global Equities & Derivatives Solutions division. In 2009, he becomes Head of Global Markets. He has been a member of the Société Générale Group Management Committee since July 2001 and is also the Chairman of the Board of Lyxor Asset Management.

Christophe Mianné is a graduate of the École Centrale de Paris'.

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