Coface SA appoints new chairman of the board

Credit insurer Coface SA has elected Nicolas Namias as its new chairman, replacing François Riahi who is leaving the board of directors following his departure from Natixis.

Namias is the new chief executive officer of Natixis. He began his career in 2004 in the Treasury of France’s Ministry of Economy and Finance. In 2008, he joined Groupe BPCE’s financial department, before becoming the group’s Head of Steering for Commercial Banking and Insurance. In 2012, he was appointed advisor to the Prime Minister for financing the economy and businesses and for international economic affairs.

Namias commented: "I am very honoured by the confidence placed in me by the Board of Directors. Together with Xavier Durand and the teams across Coface, we will continue to pursue the implementation of Build to Lead with determination. The plan’s relevance and strategic axes are as critical as ever in the current environment, which is affected by the consequences of the health crisis. Over the last few years, Coface has developed the tools and expertise necessary for its success, despite increasingly uncertain economic conditions."