Appointment of a new Societe Generale Group management team to accelerate the transformation of the businesses and prepare the new strategic plan
Meeting on August 3, the Board of Directors, chaired by Lorenzo Bini Smaghi, approved the propositions presented by Frédéric Oudéa, Chief Executive Officer, on the evolution of the company’s management organisation.
The aim is to build a renewed General Management team, by the side of the Chief Executive Officer, to be composed of two positions of deputy CEO instead of four with very seasoned profiles, and the creation of new roles of Deputy general manager entrusted to a new generation of high-potential managers.
Following Séverin Cabannes’s decision to retire in 2021, he will leave his position as Deputy Chief Executive Officer at the end of 2020.
Slawomir Krupa, currently Head of Global Banking & Investor Solutions for the Americas, will become Deputy general manager, head of the Global Banking & Investor Solutions activities globally, effective as of January 1, 2021. He will report directly to Frédéric Oudéa.
Philippe Aymerich, Deputy Chief Executive Officer, currently in charge notably of French Retail Banking activities, sees his supervision extended to all international retail banking and consumer credit activities, following the departure of Philippe Heim, who leaves his position as Deputy Chief Executive Officer today.
Sébastien Proto, currently Head of Group Strategy, will become Deputy general manager, head of the Societe Generale and Crédit du Nord networks and the related Innovation, Technology and IT Service Unit, effective as of September 1, 2020. He will report directly to Philippe Aymerich.
Diony Lebot, Deputy Chief Executive Officer, will be entrusted, in addition to her current functions of risk and compliance supervision, internal control and sponsor of the Group’s Corporate and Environmental Responsibility, with the supervision of the Group’s financial services and insurance activities.
Finally, William Kadouch-Chassaing, the Group’s Chief Financial Officer, is appointed Deputy general manager, head of Finance, reporting directly to Frédéric Oudéa.
Lorenzo Bini Smaghi comments: “These decisions taken by the Board of Directors aim at renewing the management team around Frédéric Oudéa, drawing on in-house talents, in order to better support the in-depth changes needed to build the bank of tomorrow”.
Frédéric Oudéa comments: “In order to build by my side the Group’s new strategic phase, I wanted to assemble a renewed management team with diversified and strengthened banking skills. Together, we will focus on accelerating the transformation of our business to better serve our clients, particularly in capital markets and retail banking, in an economic environment impacted by the COVID crisis and in a broader context of technological shift and of increased responsibility for banks to finance the positive transformations of economies. The objective of this new organisation is to enable us to strengthen the Group synergies and our efforts to reduce costs.
I would like to highlight the exceptional contribution of Séverin Cabannes a member of the Executive Board since 2008. I am pleased that he has agreed to continue in his position until the end of the year. I would also like to warmly thank Philippe Heim for his tenure during his two years as Deputy Chief Executive.
BMT announces new Managing Director Appointment for Rotterdam and Europe Regions
BMT is pleased to announce that Dennis de Bruin is appointed Managing Director for BMT’s Commercial Shipping Europe business, with immediate effect.
Dennis joined BMT in 2004 and has over 20 years of experience in the maritime industry, of which the last 7 years he served as Marine Director for the nautical and cargo department of the Rotterdam office.
He will succeed Jeroen de Haas as Managing Director of our European offices in the Netherlands, Belgium and Switzerland, who has been at the helm of Commercial Shipping Europe since 2001. Jeroen continues his career outside of BMT.
With the leadership of Dennis, we will continue to deliver a seamless and quality service to our customers and firmly position BMT for the future.
Dennis de Bruin, Managing Director at BMT, said: “I am honoured and excited to lead Commercial Shipping Europe out of BMT’s strategically located offices in Rotterdam, Antwerp, Amsterdam, Groningen, Arnhem and Geneva. We are at an exciting juncture in our journey as we focus on growing our ‘traditional player’ markets and meeting new client demand for specialist advice in emergency response consultancy and distressed cargo risk assessment.
While continuing to be focused on our core, existing survey capabilities, we will grow BMT’s global consultancy and technology portfolios to reach and diversify into adjacent markets. In addition we are exploring larger simulation and renewable energy projects in Singapore and South East Asia, and how to harness virtual reality training benefits with innovative products such as BMT’s REMBRANDT ship simulator.
This new path will undoubtedly inspire staff and customers alike, and I am relishing the prospect of building an even stronger and resilient business with the existing experienced professionals working in this global organisation.”
Piraeus Bank: Appointment of new Chief Risk Officer (CRO)
Piraeus Bank announces that the Board of Directors of the Bank, at its meeting held on 23 July 2020, has appointed Mr. Ioannis Stamoulis as new Chief Risk Officer (CRO) to head the Group Risk Management. Mr. Stamoulis assumes his CRO duties effective today.
Mr. Stamoulis has 18-year experience within the banking industry, 13 years of which in Piraeus Bank in the Risk division. Since December 2017, he is the Deputy Chief Risk Officer.
Aviva Insurance Ireland Announces Appointment of New Interim CEO
Aviva Insurance Ireland DAC (Aviva Insurance Ireland) today announces the appointment of Declan O’Rourke as interim Chief Executive Officer, subject to regulatory approvals. Declan will take up his role on 1 September from Nick Amin who will be moving to take the role as interim Chief Operating Officer in Aviva Group, subject to regulatory approvals.
Declan O’Rourke was previously General Manager at AIG Ireland, a role he held for eight years until June 2020. He worked for AIG for 26 years and held a number of senior management roles both in Ireland and internationally. He is a qualified chartered accountant having trained with Coopers & Lybrand, now PwC.
Commenting, Michael Shaw, Chairman Aviva Insurance Ireland said: “Declan O’Rourke is a well-respected leader in the Irish and international general insurance markets and will play a significant role ensuring Aviva continues to thrive in Ireland.”
Commenting, Patrick Dixneuf, CEO, Aviva Europe said: “Nick Amin has made a tremendous contribution to our general insurance business and I would like to wish him all the best in his new role as interim COO for Aviva Group.”
Declan O’Rourke said: “I am very excited to be joining Aviva Insurance Ireland and becoming part of the company with the most substantial heritage in the Irish insurance market. I have always received very positive feedback about working at Aviva from both current and former employees. I look forward to experiencing this myself by getting to know the team and starting a new and exciting challenge.”
Supervisory Board of Commerzbank agrees to consensual termination of appointment and contract of CEO Martin Zielke
Upon the recommendation of the Presiding and Nominating Committee, the Supervisory Board of Commerzbank has agreed to the mutual termination of appointment and contract of CEO Martin Zielke.
Zielke has declared his willingness to continue to perform his duties until a successor has been appointed. He will step down from his office the latest on 31 December 2020. On Friday, Zielke offered a mutual termination from office as CEO.
Aviva appoints Amanda Blanc as Chief Executive Officer
Aviva plc (‘Aviva’ or the ‘Company’) announces today the appointment of Amanda Blanc as Chief Executive Officer with immediate effect.
Amanda is currently an Independent Non-Executive Director at Aviva plc. She was appointed to the Aviva Board in January 2020 and chairs the Customer, Conduct and Reputation Board Committee. She was previously CEO, EMEA & Global Banking Partnerships at Zurich Insurance Group. Prior to that she was Group CEO, AXA UK, PPP and Ireland and has served as Chair of the Association of British Insurers and President of the Chartered Insurance Institute.
For family health reasons Maurice Tulloch, the previous Chief Executive, has today stepped down from the role and retired from his position on the Aviva plc Board. Maurice joined Aviva in 1992 and held a number of senior positions in the business during his time with the Company. He joined the Aviva plc Board in 2017 and was appointed as Chief Executive in March 2019.
George Culmer, Chairman of Aviva, said:
“I would like to thank Maurice for his valuable contribution over many years with Aviva. The Board and I were saddened to hear of the personal reasons behind his desire to step down and we wish him and his family the very best for the future.
“We are delighted that Amanda will be our new CEO. The Board was unanimous in endorsing her appointment. I know she will bring real dynamism to Aviva and re-establish our credentials as a high-performing, innovative and customer-centric business.”
Amanda Blanc, Chief Executive Officer of Aviva, said:
“Aviva is a great company, full of great people, and I’m honoured to be given the opportunity to help shape its future. I want Aviva to be the leader in our industry again and the first choice for our customers and partners. My focus will be on achieving that for the benefit of all of our stakeholders.
“We will look at all our strategic opportunities, and at pace. I have been on the Aviva Board since the start of this year and have a good understanding of where the business has its strengths and what actions we should take across our portfolio.”
In addition to her previous roles at AXA and Zurich, Amanda has held senior positions at Towergate Insurance Brokers and Groupama Insurance Company. She started her career with Commercial Union, which subsequently became part of Aviva.
Following her appointment, Amanda will step down from all of her current Non-Executive commitments. She will continue in her voluntary role as Chair of the Welsh Professional Rugby Board.
Remuneration details can be found at the end of this announcement.
This announcement contains inside information. The person responsible for making this announcement on behalf of the Company is Kirstine Cooper (Group Company Secretary).
Pacific Life Re Announces Appointment of new Chief Information Officer
Pacific Life Re is pleased to announce the appointment of Julie Evans as chief information officer (CIO)
Julie joins Pacific Life Re from its wholly-owned subsidiary and innovative technology company, UnderwriteMe, where she was chief operating officer for more than two years. In Julie’s role as CIO at Pacific Life Re, she will be joining its senior leadership team, further strengthening and diversifying the team.
Julie brings with her a wealth of experience and knowledge of the industry, having previously held CIO roles at Aviva UK and Barclays Asia. Julie will be working closely with the Pacific Life Re IT management teams and strategic partners to define and deliver an IT strategy and further strengthen Pacific Life Re’s capabilities across the firm.
David Howell, CEO, Pacific Life Re, commented: “I am very pleased to welcome Julie to Pacific Life Re. Julie joins us during extraordinary times. Our technology function has done a fantastic job of supporting our business globally through the current remoteworking situation and Julie’s appointment will make our operating models and functions even stronger going forward.” Julie commented: “I am delighted to be joining Pacific Life Re. I am looking forward to working with such an innovative global team and driving the delivery of a technology strategy that powers continued future success.”
Alpha Bank – Αppointment of Ms. A.C. Sakellariou as Member of the Executive Committee
The Board of Directors of Alpha Bank, at its meeting held on 30.4.2020, approved the appointment of Ms. A.C. Sakellariou as Member of the Executive Committee.
The new composition of the Executive Committee of the Bank is the following:Chair:
– V.E. Psaltis, Chief Executive Officer
Members:
– S.A. Andronikakis, General Manager – Chief Risk Officer- I.M. Emiris, General Manager of Wholesale Banking- A.Ch. Theodoridis, General Manager of Non-Performing Loans and Treasury
Management
– L.A. Papagaryfallou, General Manager – Chief Financial Officer- I.S. Passas, General Manager of Retail Banking- A.C. Sakellariou, General Manager – Chief Transformation Officer- N.V. Salakas, General Manager – Chief Legal and Governance Officer- S.N. Filaretos, General Manager – Chief Operating Officer- S.A. Oprescu, General Manager of International Network
Argo Group Announces the Appointment of Carol A. McFate to Its Board of Directors
Argo Group International Holdings, Ltd. (NYSE: ARGO), an international underwriter of specialty insurance and reinsurance, announced the appointment of Carol A. McFate to its Board of Directors.
“We’re honored to welcome Carol to our Board,” said Argo Group Chairman, Gary Woods. “This is a year of renewed opportunity for Argo Group, and strong, independent oversight is crucial to taking full advantage of it. Carol’s impressive background and operational experience in finance and investment management – both in the insurance industry and at Xerox – will be pivotal as we write Argo Group’s next chapter.”
McFate retired from Xerox Corporation (NYSE: XRX) in October 2017, having served as chief investment officer for more than 10 years. During that time, she was responsible for the insourcing, oversight and management of retirement investments for the U.S., Canada and the U.K. Prior to joining Xerox, McFate served in a number of senior finance and investment management roles in the insurance industry over nearly two decades, including senior vice president, Prudential Investment Corp. (investment subsidiary of The Prudential Insurance Company); vice president and treasurer of American International Group, Inc. (NYSE: AIG); executive vice president and global treasurer of XL Global Services, the shared services subsidiary of XL Capital Ltd (NYSE: XLC).
In June 2019, McFate joined the board of directors of Rent-A-Center, Inc. (NASDAQ: RCII), where she serves on the Audit & Risk Committee and the Nomination & Corporate Governance Committee. In July 2019, she joined the board of Verger Capital Management, LLC, a registered investment manager, and serves on the Audit & Compliance, Nominating & Governance and Investment committees. Previously, she served on the Board of Trustees of the Parsons Dance Foundation and The Katharine Hepburn Cultural Arts Center and on the Board of Directors of CIEBA, Inc.
McFate earned a bachelor’s degree in economics from Juniata College and a master’s in business administration from the Harvard University Graduate School of Business. She is also a Chartered Financial Analyst (CFA).
RKH Specialty boosts international healthcare offering with Richard Putnam appointment
RKH Specialty (“RKH”) today announced the appointment of Richard Putnam as Divisional Director, Healthcare.
Putnam joins from CNA Hardy, where he was Underwriting Manager. In his four years at CNA Hardy, he has contributed to significant premium growth and developed a geographically diverse portfolio.
Drawing on his extensive technical insurance knowledge and a background in human biology and anatomy, Putnam led the international underwriting team and developed a wide range of healthcare products for individual clinicians, medical technology start-ups, NHS providers, private hospitals, and whole government healthcare systems.
In his new role at RKH, Putnam will work closely with RKH’s hub offices in Singapore, Dubai, Miami, and its extensive network of producers to develop an ambitious range of products and services for international clients in territories outside the USA.
Alistair Carter, Head of Healthcare, RKH, commented: “In recent years, the USA has formed the majority of our healthcare book. However, healthcare spending is increasing exponentially across the globe and many countries are experiencing significant demographic shifts and social mobility that has resulted in a growing middle class who have the appetite and affluence to demand high quality healthcare, which in turn is driving demand for our services.
Bringing together Richard’s expertise with our global reach and presence in international markets will enable us to capitalise on these new opportunities and deliver unique products for clients in these regions.”