Natixis S.A. announced the departure of François Riahi who leaves his functions of Chief Executive Officer of Natixis and member of the management board of Groupe BPCE due to strategic differences regarding the options of Natixis’ future plan. In order to prepare the new strategic plan due to be presented next summer, and with a view to initiating this new stage in the life of the company, the board of directors decided to appoint Nicolas Namias as Chief Executive Officer with effect from August 4th, 2020. Nicolas Namias has been a member of the management board of Groupe BPCE, Deputy Chief Executive Officer and Chief Financial Officer since November 1st, 2018. He began his career in 2004 in the Treasury within France’s Ministry for the Economy and Finance. In 2008, he joined Groupe BPCE in the Financial Department, then became the Group’s Head of Steering for Commercial Banking and Insurance. In 2012, he was appointed technical advisor to the Prime Minister for financing the economy and companies, and for international economic affairs. On rejoining Groupe BPCE in 2014, he became Head of Strategy for Natixis, member of the executive committee. He notably coordinated all the M&A operations and the definition of the 2017-2020 strategic plan. In 2017, he was appointed Chief Financial Officer of Natixis and member of the senior management committee. Nicolas Namias has also served as Chairman of the board of directors of Crédit Foncier since August 2019. Nicolas Namias is a graduate of France’s Ecole Nationale d’Administration, Stanford Graduate School of Business (executive program), ESSEC Business School and Institut d’Etudes Politiques de Paris.