BPCE Strengthens Its Executive Management Committee with Two Key Appointments
6 FEB, 2025
By Jose Luis Palmer from RankiaPro Europe
BPCE has announced the appointment of Mohamed Kallala and Philippe Setbon to its Executive Management Committee, reinforcing the strategic direction of the group. Kallala, who was recently named CEO of Natixis in charge of Corporate & Investment Banking, and Setbon, appointed Deputy CEO of Natixis overseeing Asset & Wealth Management, will now be part of BPCE’s highest executive body. Their appointments follow their direct reporting to Nicolas Namias, CEO of BPCE, since January 1, 2025. With these additions, BPCE’s Executive Management Committee now comprises 12 members.
Experienced Leaders at the Helm of Natixis
Mohamed Kallala brings over 30 years of experience in banking and investment. He began his career in 1993 as an ALM trader at BNP Paribas, later leading M&A at Crédit Agricole Indosuez. In 2005, he joined Natixis, where he has held key roles in real estate finance and investment banking. His leadership extended further in 2023 when he became Global Head of Natixis CIB, before assuming the CEO role in January 2025.
Philippe Setbon has an extensive background in asset and wealth management, starting as a financial analyst at Barclays in 1990. His career includes leadership positions at Generali Investments Europe, Groupama Asset Management, and Ostrum AM. In 2023, he became CEO of Natixis Investment Managers, and in January 2025, he was appointed Deputy CEO of Natixis, overseeing Asset & Wealth Management. Setbon has also served as President of the French Asset Management Association (AFG) since 2022.
A Strengthened Leadership for BPCE’s Global Ambitions
Nicolas Namias, CEO of BPCE, emphasized that the inclusion of Kallala and Setbon in the Executive Management Committee reflects their expertise and contribution to the group’s global businesses. He stated that their leadership will support the continued development of Natixis CIB and Natixis IM, benefiting both institutional clients and the broader BPCE network, which includes the Banques Populaires and Caisses d’Epargne.
I would like to welcome Mohamed Kallala and Philippe Setbon to the Executive Management Committee, recognizing their professionalism and the excellent results they have achieved for the two global businesses of Groupe BPCE. This also demonstrates our commitment to the continued development of Natixis CIB and Natixis IM in service of their direct clients, as well as those of the Banques Populaires and Caisses d’Epargne. This move further enriches our Executive Management Committee by providing a balanced representation of each of the Group's businesses, including retail banking and insurance as well as those with a global dimension, and our major functions. Now comprising 12 members, the Executive Management Committee illustrates the richness of career paths within the group, blending expertise and experience, and our ability to attract and nurture talent.
Nicolas Namias, CEO of BPCE
With 12 members now on board, BPCE’s Executive Management Committee aims to maintain a balanced representation of its key divisions, from retail banking and insurance to global investment and asset management. Namias highlighted that these appointments also underscore BPCE’s commitment to fostering internal talent and strengthening its leadership capabilities to drive long-term growth.
