France: Laurent Mignon approached at the head of BPCE

Laurent Mignon

PARIS (Agefi-Dow Jones and Financial Afrik) -Laurent Mignon, Chief Executive Officer of Natixis, the merchant bank of Groupe BPCE (Banques Populaires Caisse d’Epargne), is expected to succeed François Pérol as head of the Mutual Group, according to L’Agefi, which quotes sources close to the file.

They also confirm the information of the weekly Challenges, which had revealed earlier in the day that François Pérol, CEO of Groupe BPCE, had formalized his resignation from the supervisory board of the bank.

FrançoisPérol would return to Rothschild, which he had been a partner from 2005 to 2007, and where he should become co-chairman of the Groupexecutivecommittee alongside NigelHiggins, replacing Olivier Pécoux, continues L’Agefi.

Joined by Agefi-Dow Jones, Groupe BPCE was not available immediately to comment on this information.

Nearly a year ago, at the end of June 2017, the Paris Court of Appeal had dismissed François Pérol, who was being sued for unlawful interest when he was appointed to head Groupe BPCE. His term as Chairman of the Management Board of the mutual institution ran until May 2020.

In Africa, the BPCE group controls the following banks:

-Bank of the Mascarene Islands (Mauritius) (100%)

-BMOI (Madagascar) (71%)

-BTK (Tunisia) (60%)

-BICEC (Cameroon) (68.5%)

-BCI (Congo-Brazzaville) (100%)

-BNDA (Mali) (9.7% *)

-BCP (Morocco) (4.9%)

* Crédit Coopératif also owns 9.7% of BNDA

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