French president to name new director of Caisse des dépôts

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French president Emmanuel Macron is set to appoint Eric Lombard as the next general director of French public financial institution Caisse des dépôts et consignations (CDC), the French presidency announced.

Lombard, who would succeded Pierre-René Lemas, was proposed by French minister of Economy and Finance Bruno Le Maire.

Lombard has been most recently chief executive officer of Generali France and prior to that, he served as CEO of BNP Paribas Cardif. He joined BNP Paribas group in 1993 and held a number of positions there such as head of M&A, Banks and Insurances and head of Institutional Relations.

Lombard was also an adviser to former French finance minister Michel Sapin in 1992.

CDC, which celebrated its 200 years of existence last year, reported a net result of €1.72bn at the end of June 2017.

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