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(Reuters) - French bank Societe Generale (SOGN.PA) is set to announce an overhaul of its private banking unit that will see Daniel Truchi replaced as head of private banking, according to several sources familiar with the matter.
SocGen, France's second-listed bank, is cutting jobs, selling assets and overhauling management under Chief Executive Frederic Oudea as it seeks to restore investor confidence after a brutal 2011.
"Operationally, (Truchi) is stepping down as head of the private bank," one of the sources told Reuters.
(reporting by Lionel Laurent and Julien Ponthus)
(Reuters) - French bank Societe Generale (SOGN.PA) is set to announce an overhaul of its private banking unit that will see Daniel Truchi replaced as head of private banking, according to several sources familiar with the matter.
SocGen, France's second-listed bank, is cutting jobs, selling assets and overhauling management under Chief Executive Frederic Oudea as it seeks to restore investor confidence after a brutal 2011.
"Operationally, (Truchi) is stepping down as head of the private bank," one of the sources told Reuters.
(reporting by Lionel Laurent and Julien Ponthus)
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