Olivier Toussaint is to leave his position as
CEO of Crédit Agricole Leasing and Factoring as part of a major
management reshuffle.

Toussaint is to become head of coverage and
investment banking at Crédit Agricole CIB under the banking group’s
Commitment 2014 strategic plan, which includes achieving net
banking income of €40bn by 2014.

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He will now report to Pierre Cambefort, who has
been appointed as deputy CEO of Crédit Agricole CIB.

All changes to the management structure at Crédit
Agricole CIB, which also includes a second deputy CEO, a new head
of fixed income markets, and a new CFO, will be effective from 1
April this year.

Toussaint began his career in finance in 1984 at
the Central Risk Department of Banque Indosuez in Paris.

He joined Crédit Agricole Leasing, as it was then
known, as CEO in 2005. He became CEO of CAL&F after
implementing the link-up with Eurofactor in 2009.

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A replacement has yet to be chosen.

claire.hack@vrlfinancialnews.com