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Société Générale will implement over 10 fee increases starting April 1, with hikes ranging from 1.47% to 60% on account maintenance, card fees, and other services. Notably, account maintenance fees will rise by 6.25%, while the fee for reissuing a card’s PIN will increase by 60%. Conversely, the bank has introduced free instant transfers via its app or website and extended preferential international transaction rates to all customers aged 16 and over. Additionally, SG is participating in a project to install shared ATMs in rural areas, set to begin operating in 2025.
Deutsche Bank has appointed Raja Akram, currently deputy CEO at Morgan Stanley, as its new CFO, effective next year, succeeding James von Moltke. CEO Christian Sewing's term has been extended until April 2029, while chief legal officer Stefan Simon will depart in May.In other news, Alexis Kohler, a key adviser to President Macron, will join Société Générale as executive VP in June, overseeing investment banking teams amid the bank's turnaround strategy following recent scandals.
Emmanuel Macron's chief adviser, Alexis Kohler, has resigned to join Société Générale as executive vice-president, overseeing mergers, acquisitions, and financing. Kohler, a key figure in the Élysée Palace since 2017, will support CEO Slawomir Krupa's turnaround strategy amid ongoing challenges at the bank. His move follows a formal investigation regarding past favoritism, which he denies.
Société Générale has appointed Alexis Kohler, currently the General Secretary of the Elysée Palace, as Deputy Chief Executive Officer, effective June 2025. He will assist CEO Slawomir Krupa in transformation initiatives and oversee the Investment Bank, including mergers and acquisitions, equity capital markets, and customer relations. Kohler will also manage the General Secretariat, Human Resources, and Communications departments. He will leave his current position on April 14.
French banking giant Societe Generale has appointed Alexis Kohler, President Emmanuel Macron's chief of staff, as executive vice president, effective June 2025. Kohler, who has served in this role since 2017, will oversee M&A, Equity Capital Markets, and Acquisition Finance, while assisting CEO Slawomir Krupa with transformation initiatives. He will also join the bank's Executive Committee.
Alexis Kohler, President Emmanuel Macron's chief of staff since 2017, has been appointed executive vice president of Societe Generale, effective June 2025. He will oversee M&A, equity capital markets, and acquisition finance, while assisting CEO Slawomir Krupa with transformation initiatives. Kohler, known as Macron's closest adviser, previously faced a conflict of interest investigation that was dropped in 2019 due to lack of evidence.
Alexis Kohler, President Emmanuel Macron's chief of staff since 2017, has been appointed executive vice president of Societe Generale, effective June 2025. He will oversee M&A, equity capital markets, and acquisition finance, while assisting CEO Slawomir Krupa with transformation initiatives. Kohler, known as Macron's closest adviser, previously faced a conflict of interest investigation that was dropped in 2019 due to a lack of evidence.
Alexis Kohler, President Emmanuel Macron’s chief of staff since 2017, has been appointed as executive vice president of Societe Generale, effective June 2025. He will oversee M&A, Equity Capital Markets, and Acquisition Finance, while assisting CEO Slawomir Krupa with transformation initiatives. Kohler, an alumnus of the elite Ecole Nationale d’Administration, previously led Macron's office during his tenure as finance minister.
Societe Generale has appointed Alexis Kohler as executive vice president, effective June 2025. Kohler, who previously served as General Secretary of the Presidency of the French Republic, will oversee M&A, Equity Capital Markets, and Acquisition Finance, while supporting CEO Slawomir Krupa in transformation initiatives within the bank.
Alexis Kohler, President Emmanuel Macron's chief of staff since 2017, has been appointed as executive vice president of Societe Generale, effective June 2025. He will oversee M&A, equity capital markets, and acquisition finance, while assisting CEO Slawomir Krupa with transformation initiatives. Kohler, known as Macron's closest adviser, previously faced a conflict of interest investigation that was dropped due to lack of evidence.
Slawomir Krupa
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