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© Reuters. FILE PHOTO: Eric Lombard, Chief Executive Officer of Caisse des Depots (CDC), attends a news conference about the plan to merge CNP Assurances and La Poste’s banking arm to create a financial group at the Bercy Finance Ministry in Paris, France, August 30
PARIS (Reuters) – President Emmanuel Macron is planning to renew Eric Lombard as head of public-sector lender Caisse des Depots (CDC), his office said on Thursday.
Lombard, a former advisor in Socialist governments in the 1990s and a former head of insurer Generali’s French businesss was named to lead Caisse des Depots in 2017.
His new mandate must be confirmed in both houses of parliament.
The CDC manages deposits in popular tax-free savings accounts and also holds stakes in many top French companies.
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Image and article originally from www.investing.com. Read the original article here.