Francois Riahi has stepped down from his role as CEO of Natixis, citing differences regarding the options of the company’s future plan, according to several news reports.
The French investment bank has already named a successor, Nicolas Namias, who has served as deputy CEO and CFO at Group BPCE since 2018. According to his LinkedIn page, Namias also previously held several positions at Natixis over a period of four years.
“We expect the new CEO to tackle the profitability and risk profile issues” at the investment-banking division, Flora Bocahut, an analyst at Jefferies, wrote in a note to clients, according to Bloomberg. “We cannot rule out further changes, including to group structure, with the CEO change. This could offer further optionality and upside risk to Natixis shares.”
