Société Générale Moçambique announces changes in board of directors

Login

Register

http://www.clubofmozambique.com/

Société Générale Moçambique announces changes in board of directors

12:16 CAT | 29 Nov 2018

File photo: ACIS Moçambique

Banco Société Générale Moçambique announces several changes concerning its board of Directors, effective since August 2018:

– Mr. Sionlé Seydou Yeo has been appointed Chairman of the Board of Directors for 4 years replacing Alexandre Paul Maymat

– Dr. Katan Hirachand has been appointed member of the Board for 4 years replacing Bruno Massez

Following the renewals (TBC if any) and the appointments of Directors, the Board of Directors is composed of 5 members:

– Sionlé Seydou Yeo, Chairman
– Laurent-Théva Thong-Vanh – Executive director
– Katan Hirachand – Director
– Raoul Gufflet – Director
– Jorge Feraz – Director

These new appointments within the board reflect Societe Generale Group’s commitment to Mozambique, each of the new executive members bringing extensive and highly relevant knowledge to the institution.

Societe Generale is active in Mozambique since October 2015 when the Group bought a 65% stake in MCB Moçambique, which was renamed Société Générale Moçambique SA. With over 100 employees in the country and by relying on the Group’s unique positioning in Africa, Societe Generale Moçambique supports the economic growth in Mozambique while developing the Group’s universal banking services for local and international businesses and retail clients.

Sionlé Yeo is Regional Head of Societe Generale for Central and Eastern Africa, since July 2018. He is a seasoned banker having worked in the Societe Generale group for 29 years. Prior to this position, he was previously Deputy Managing Director of SG Côte d’Ivoire, then Managing Director of SG Burkina Faso and finally Managing Director of SG Ghana. Mr Yeo is a graduate from the Institut Technique de Banque and an Engineer from both the Institut National Polytechnique de Grenoble and the Ecole Centrale de Marseille.

Dr. Katan Hirachand is Managing Director and is co-head of Advisory & Project Finance, London covering the EMEA region at Societe Generale. Dr Hirachand has significant experience in the oil & gas sector having advised across the capital structure. Responsible for originating, executing and advising large-scale energy projects, he has led several large mandates in countries such as Egypt, Nigeria, Mozambique, Indonesia and Brazil. In Mozambique, Dr Hirachand is leading the financing of the area 1 LNG project. This financing is set to be the largest ever in any non-OECD territory and one of the largest globally with over $ 14 billion expected to be raised. He has been instrumental in assembling a large group of ECAs and commercial banks to underpin this particular project financing. He sits on the steering committee for Gastech amongst others.

Source: Societe Generale Moçambique / Press Release