Crédit Agricole: Serge Magdeleine appointed next CEO of LCL
November 01, 2023 at 06:17 am EDT
Share
Crédit Agricole announces that the Board of Directors of LCL, meeting on October 31, 2023, has appointed Serge Magdeleine as Chief Executive Officer of LCL effective January 1, 2024.
In this capacity, Serge Magdeleine will join the Banque Universelle division overseen by Olivier Gavalda, Deputy Chief Executive Officer of Crédit Agricole S.A., and will join the Executive Committee of Crédit Agricole S.A.
He will succeed Michel Mathieu, Chief Executive Officer of LCL since April 4, 2016, who will retire on December 31, 2023.
Copyright (c) 2023 CercleFinance.com. All rights reserved.
Crédit Agricole S.A. is one of the leading European banking groups and is the leading financial backer of the French economy. Net Banking Product breaks down by activity as follows:
- retail banking (30.1%): activities in France (Crédit Lyonnais) and abroad. Furthermore, the group is present in France via its 39 regional networks of branches (making it the biggest French banking network);
- finance, investment and market banking (30.1%): standard and specialized bank financing activities (financing for acquisitions, projects, aeronautical and maritime assets, etc.), stock operations, consulting in mergers and acquisitions, investment capital, etc.;
- asset management, insurance and private banking (25.9%);
- specialized financial services (13.9%): consumer loan, leasing and factoring (No. 1 in France).
At the end of 2023, Crédit Agricole S.A. managed EUR 835 billion in current deposits and EUR 516.3 billion in current credits.
NBP is distributed geographically as follows: France (46%), Italy (20%), European Union (14.3%), Europe (7.2%), North America (6%), Japan (1.3%), Asia and Oceania (3 .5%), Africa and Middle East (1.3%), Central America and South America (0.4%).
CRÉDIT AGRICOLE S.A. 
