Drouet leaves global markets position at Soc Gen

Jasper Cox

February 07, 2019 04:00 pm

SocGen_PA_230x150 — Moody's ratings agency said Wednesday Sept. 14, 2011, it had downgraded by one notch top French banks Societe Generale and Credit Agricole while leaving BNP Paribas on negative watch. Credit Agricole's rating slid from Aa1 to Aa2 while Societe Generale was cut from Aa2 to Aa3. Shares in all three banks have plummeted in recent weeks on exposure to Greek sovereign debt and turbulence caused by the eurozone debt crisis. File picture : French bank Societe Generale headquarter building in the business district of La Defense near Paris, France on February 18 2009. Photo by Etienne de Malglaive/ABACAPRESS.COM | de Malglaive Etienne/ABACA/PA Images

Société Générale announced Jean-François Grégoire’s new job as head of the global markets business unit on Thursday, replacing Frank Drouet. The bank is seeking to slim down the operations of the division.

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Jasper Cox