Skip to content
Subscriber Only

Natixis Said to Have Examined Risk Executive's Share Sale

  • Risk chief sold EU166,000 of stock month before Dec.
  • French bank says “sale followed precisely the relevant rules”
Updated on

Officials at one of France’s biggest lenders have moved to quell internal concerns about a stock disposal by its chief risk officer just one month before the bank disclosed a large trading loss, people familiar with the matter said.

Senior officials at Natixis SA addressed employees’ questions about the trade at a series of meetings this month, according to the people, who requested anonymity. The bank said it found no wrongdoing. The timing of the sale by Pierre Debray had raised concerns about the strength of Natixis’s compliance procedures, one of the people said.