Magazine article American Banker

A Coup for Bankers Trust: Senior Frenchman Recruited

Magazine article American Banker

A Coup for Bankers Trust: Senior Frenchman Recruited

Article excerpt

French banker Philippe Souviron got his parachute wings when he was 20, but it took him another three decades to make what may be his most momentous jump.

In mid-December, Mr. Souviron announced he would become chairman of Bankers Trust (France) SA, a unit of Bankers Trust New York Corp., after a 27-year career with Credit Lyonnais.

Mr. Souviron, 50, was one of the most senior officers at the Paris-based bank, which was ranked 10th in the world at yearend 1990, with #287 billion in assets. He was a member of the executive committe and executive vice president in charge of capital markets, money management, and merchant banking.

Responsible for Merchant Banking in France

He is taking responsibility for Bankers Trust's French merchant banking business and for development of corporate finance capabilities.

Mr. Souviron discounted speculation that either money or policy differences with Credit Lyonnais' chairman, Jean Yves Haberer, were behind the move.

"It was purely personal decision," Mr. Souviron said. "After 27 years with the bank, I had the feeling that there weren't any jobs left for me to move on to."

He added that the possibility of doing something new, rather than making more money, also prompted him to accept the Bankers Trust offer, which came in November.

"It was not the first offer I've had, but it was the first exciting offer to come from an institution that I felt I was capable of joining," said Mr. Souviron.

Snapping up Mr. …

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