Natixis has replaced chief executive officer Fançois Riahi (pictured) as the bank failed to recover from a bad first quarter and posted trading losses for a second consecutive quarter.

The French bank said Riahi leaves ‘his functions of chief executive officer of Natixis and member of the management board of Groupe BPCE due to strategic differences regarding the options of Natixis’ future plans’.  Natixis has announced a new strategic plan to be presented next summer, and the appointment of Nicolas Namias (right) as chief executive officer on an interim basis. Namias has been a member of the management board of Groupe BPCE, deputy chief executive offic

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