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Ex-CEO’s Taste for Risk Proved His Undoing at French Bank Natixis

  • CEO is ousted as losses from equity derivatives deepen
  • His replacement suggests ‘significant strategic repositioning’
Updated on

Francois Riahi never quite managed to put out the fires in an abbreviated two-year tenure as Natixis SA chief executive officer.

Just six months into his stint, a trading meltdown in Asia landed the French lender with a $300 million loss. High-risk trades helped to end his career atop the French lender on Monday, when he was ousted following deepening losses from equity derivatives.