The CEO of Société Générale will assume direct supervision of the risk and compliance control functions at the French multinational investment bank following the completion of remediation programs in line with two deferred prosecution agreements (DPAs) reached in the United States.
Frédéric Oudéa will also assume oversight of the general inspection and audit function, the finance function, the corporate secretary, and human resources and communications. The shuffle of duties was proposed by Oudéa and approved by the company’s board of directors Dec. 9.
