Home Finance & Business Société Générale Maroc embarks on a new chapter with fresh governance

Société Générale Maroc embarks on a new chapter with fresh governance

Société Générale Maroc is turning the page to a new era, unveiling a restructured governance framework following the acquisition deal between Société Générale Group and Saham Group. This strategic shift positions the bank to tackle emerging challenges and opportunities in Morocco’s dynamic financial landscape.

A renewed supervisory board

On December 3, Société Générale Maroc’s Supervisory Board convened to redefine its leadership and strategic focus. The meeting marked the conclusion of Jean-Luc Parer’s tenure as Chairman of the Board. Stepping into this critical role is Moulay Hafid Elalamy, a prominent figure celebrated for his strategic vision and exceptional leadership. His mandate is to guide the bank into this transformative chapter of growth and innovation.

The newly constituted Supervisory Board includes:

  • Moulay Hafid Elalamy – Chairman
  • Moulay M’Hamed Elalamy – Vice-Chairman
  • Layla M’Zali – Member
  • Driss Benhima – Independent Member
  • Ghita Lahlou – Member
  • Jean-Luc Parer – Independent Member
  • Mehdi Ghissassi – Independent Member
  • Caroline Zanaret-Giros – Independent Member
  • Amine Lahrichi – Member
  • Abdelhalim Fadil – Member
  • Fadwa Ben Saad – Member

This diverse and experienced team reflects a commitment to robust governance and strategic foresight.

Continuity and expansion in the management board

The bank’s Management Board has also undergone updates aimed at ensuring stability while embracing fresh perspectives. Under the continued presidency of Ahmed El Yacoubi, all board members have retained their mandates. Additionally, Jérôme Brun has joined as Deputy CEO, overseeing Risk and Finance operations, further strengthening the leadership team.

The current Management Board now comprises:

  • Ahmed El Yacoubi – Chairman
  • Asmae Hajjami – Managing Director, overseeing Technology, Resources, and Group subsidiaries
  • François Marchal – Managing Director, responsible for Corporate and Investment Banking
  • Mehdi Benbachir – Managing Director, handling Operations
  • Jérôme Brun – Deputy CEO

Preparing for a mandatory public offer

As part of its regulatory obligations, Saham Finances, Société Générale Marocaine de Banques, and Investima will launch a mandatory public offer targeting Eqdom shares. This move underscores the bank’s focus on integration and strategic consolidation in Morocco’s evolving financial sector.

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