November 16, 2017 / 4:30 PM / a month ago

Macron names new chief of French public-sector lender CDC

PARIS, Nov 16 (Reuters) - President Emmanuel Macron has chosen the former head of insurer Generali’s French business, Eric Lombard, to lead public-sector lender Caisse des Depots (CDC), his office said on Thursday.

Lombard, a former advisor in Socialist governments in the 1990s, rose through the ranks of BNP Paribas bank before taking the helm of the Italian insurer’s French business in 2013.

His nomination 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, including CNP Assurances, Icade, the biggest office space developer in the Paris region, and Compagnie des Alpes, which operates the biggest ski resorts in France. (Reporting by Jean-Baptiste Vey; Writing by Michel Rose, Editing by Leigh Thomas)

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