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France's Macron to renew Lombard at helm of public sector lender Caisse des Depots

Published 12/08/2022, 11:55 AM
Updated 12/08/2022, 12:01 PM
© 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.

© 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, 2018.  REUTERS/Christian Hartmann

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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