PARIS, April 19 France's Societe Generale
revealed a new organisational structure on Wednesday
ahead of a wider strategic plan to be released later this year.
"Our new organisational structure will be more horizontal,
increasingly customer-focused and have a greater emphasis on
regions," SocGen said in a statement.
It said the structure would be made up of 17 business and 10
service units and its aim was to speed up the implementation of
its new strategy when this is announced.
The bank said it had reassigned management across regions
and business lines, which report directly to CEO Frederic Oudea
and three deputy CEOs.
In international banking and financial services, co-head
Jean-Luc Parer will take on a role as adviser to the general
management by the end of 2017, while another co-head of the
business line, Didier Hauguel, would be responsible for Russia.
Hauguel will continue to hold key roles in the governance of
the financial services and insurance businesses, the bank said.
(Reporting by Maya Nikolaeva; editing by Alexander Smith)