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‘Blunt and quite American’ — new Société Générale chief marks break with tradition

‘Things are going to be run differently’ Slawomir Krupa tells the FT ahead of his appointment at French bank’s helm
Slawomir Krupa’s appointment at next Tuesday’s shareholder meeting heralds one of the biggest cultural shake-ups in the French bank’s 159-year history.

When Société Générale discovered in January 2008 that derivatives trader Jérôme Kerviel had secretly run up €4.9bn of losses, panicked managers assembled a task force to assess the wreckage and steer the French bank through the near-fatal crisis.

Among them was Slawomir Krupa, then a 33-year-old little known among SocGen’s top ranks, who was asked to help diagnose the risk control failures and shake up the bank’s internal culture.

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