Composition of the Board of Directors

The authority and responsibilities of the Board of Directors are described in the Internal Rules of the Board of Directors..

On behalf of all shareholders and on the proposal or advice of the Management Board, the Board of Directors lays down the strategy and general policy of the company and the Dexia Group. It also sets the Group’s standards and monitors the implementation of that strategy.

It controls and gives direction to the management of the company and the Group and provides monitoring of risks.

It also ensures that the principles of good governance are respected.

The board’s acts are guided solely by a concern for the interests of the company in relation to the entirety of its shareholders, its customers and staff.

  • Gilles Denoyel - 4 August 1954 - 65 years old, French

    Independent director
    Term of mandate: 2018-2022
     
    Chairman of the Board of Directors of Dexia
    Chairman of the Board of Directors of Dexia Crédit Local

    Main function

    Chairman of the Board of Directors

     
    Specialized committees: Chairman of the Appointments Committee - Member of the Remuneration Committee

     

    Other functions

    Chairman of the BGD Conseil (France) and Director Margo Bank (France) 

     

    Biography

    Gilles Denoyel is a graduate of the Ecole Nationale Supérieure des Mines in Paris, the Institut d'études politiques (IEP) in Paris, and the Ecole nationale d’administration (ENA). He was appointed Finance Inspector to the Ministry of the Economy and Finance in 1981 before joining the French Treasury in 1985 as a project manager and then as Secretary General (1987) to the CIRI, Head of the Credit Insurance Office, Head of the Financial Markets Office (1989-92), Assistant Director of Insurance (1992-94), and Assistant Director of Holdings (1994-96). In 1996 he joined the CCF Group as Finance Director, Secretary General in charge of Strategy and Operations in 1998, then Deputy Director General Finance in 2000 and participated in the merger with the British group HSBC, where he continued his career as Deputy Director General of HSBC France (2004). There he was in charge of central and financial functions. In 2006, he took charge of the asset management business line, insurance activities and central non financial functions. From 2007, he supervised all the risk and control functions and relations with the regulatory authorities. In 2015, he was appointed Chairman International Institutional Relations for the HSBC group for Europe. Since retiring from the HSBC group, in June 2016, he was appointed Chairman of BGD Conseil, Senior Advisor at Bain Consulting and Operating Partner at Advent International. He was Chairman of the group of banks under foreign control in France from 2006 until 2016, and Treasurer of the French Banking Association from 2004 until 2016.

    Principal fields of expertise : finance and credit institutions, financial risk management, leadership and management of institutions

     

  • Wouter Devriendt - 10 April 1967 - 52 years old, Belgian

    Executive Director
    Term of mandate: 2016-2020


    Chairman of the Management Board of Dexia
    Director and Chief Executive Officer of Dexia Crédit Local

    Main function

    Chief Executive Officer, Chairman of the Management Board of Dexia SA and Chief Executive Officer of Dexia Crédit Local SA

    Other functions

    Biography

     
    Wouter Devriendt holds a MBA from the Rotterdam School of Management (1992) as well as a Master’s degree in Applied Economic Sciences from the Catholic University of Leuven in Belgium (1989). Since May 2016, he is Chief Executive Officer, Chairman of the Management Board of Dexia SA and Chief Executive Officer of Dexia Crédit Local SA. From 1993 to 2011, he gained over 18 years of international banking experience in a variety of roles across the wholesale banking network of ABN AMRO (Amsterdam, Prague, Houston, Ecuador, Sydney and London) and then Fortis (Brussels and Amsterdam), and in the private equity sector managing portfolios of companies.  2011 to  2011 to 2016, Wouter Devriendt has, amongst others, been an independent advisor to the Federal Holding and Investment Company, responsible for the management of the Belgian State’s financial sector investments.
    From 2014 to 2016, he was a member of the General Council of the Hellenic Financial Stability Fund (HFSF) whose objective is to contribute to the stability of the Greek banking system, for the sake of public interest.
    Principal fields of expertise: finance & banking, financial risk management, leadership and management of institutions

  • Giovanni Albanese - 22 February 1959 - 60 years old, Italian

    Executive Director of Dexia
    Term of mandate: 2018-2023
     
    Director of Dexia Crédit Local

    Main function

    Chief Risk Officer

     
    Member of the Management Board

    Biography

    ​Giovanni Albanese has sound experience in risk management, acquired within the Unicredit Group, and over the last twelve years has occupied various posts in different risk management fields. Before that, he worked at McKinsey and with various firms of consultants. He has a degree in Engineering from the La Sapienza University in Rome and the University of South California, as well as MBA from the University of Bocconi.

     

  • Bart Bronselaer - 6 October 1967 - 51 years old, Belgian

    Independent director
    Term of mandate: 2017-2021

    Director of Dexia Crédit Local
    Specialized committees: Chairman of the Risk Committee • Member of the Audit Committee

    Other functions

    Director of Alpha 11 Inc., Alpha 11 Europe, Right Brain Interface, Independant director of United Pensions OFP
    Director of the private foundations: Gh. Piot et Le Bois Clair
    Member of the Board of the non-profit-making associations: Katholiek Onderwijs Kessel-Lo and Abbaye d’Oignies

    Biography

    Mr Bart Bronselaer holds a degree in industrial engineering (Group T - Louvain), as well as a master’s degree in information sciences (VUB) and a master’s degree in business administration (MBA – UC Louvain). The major part of his career (1993-2003) was spent with Merrill Lynch International in London, where he held various positions, the last chronologically as Head of Debt Capital Markets for Europe, the Middle East and Africa. There he had the task of structuring and selling financial solutions to various clients, such as financial institutions, industrial companies and public bodies. In 2003, he became an  independent expert in financial services.
     
    Principal fields of expertise: financial markets, finance, structured finance, derivatives, strategy.
     

  • Claire Cheremetinski - 2 May 1976 - 43 years old, French

    Non-executive Director since February 2019
    Term of mandate: 2019-2023
     
    Director of Dexia Crédit Local
    Specialist committees: Member of the remuneration committee

    Main function

    ​​‘Chef du service des affaires bilatérales et de l'internationalisation des entreprises de la direction générale du Trésor (Paris)’, at the Ministry of Economy and Finance in France.

    Other functions

    Member of the board of directors of Business France. Government Commissioner of Expertise France. Member of the board of directors of Bpifrance.

    Biography

    Graduated from the ‘Institut d’études politiques (IEP) de Paris’ and from the ‘Ecole nationale supérieure des postes et télécommunications (ENSPT)’ and owner of a ‘DESS in human resources management from the University of Paris IX Dauphine’, Claire Cheremetinski began her career as ‘adjointe au chef du bureau endettement, financement international et secrétariat du Club de Paris à la direction générale du Trésor (Paris)’ in 2003. In 2005, she became ‘conseillère financière à la représentation permanente de la France’ at the European Union in Brussels. On 1 October 2007 she has been appointed ‘chef du bureau des entreprises et des intermédiaires d’assurance à la direction générale du Trésor (Paris)’. Then she became ‘secrétaire générale du Club de Paris’ and ‘chef du bureau de l’endettement international et du Club de Paris’ in 2009. In 2011 she was appointed ‘directrice de participation à l’Agence des participations de l’État (Paris)'. In 2014 she became ’sous-directrice en charge de la politique commerciale, de l’investissement et de la lutte contre la criminalité financière à la direction générale du Trésor (Paris)’. Since 1 September 2017 she has been in her current post with the direction générale du Trésor.

    Principal fields of expertise: financial markets, regulatory frameworks and requirements, strategic planning, risk management

     

  • Alexandre De Geest - 5 February 1971 - 48 years old, Belgian

    Non-executive Director
    Term of mandate: 2017-2021

    Director of Dexia Crédit Local
    Specialized committees: Member of the Risk Committee - Member of the Remuneration Committee

    Main function

    Director of Treasury of the Belgian Federal State (SPF Finances)

    Other functions

    Director of the Silver Fund

    Biography

    Mr Alexandre De Geest is a graduate in law from the Catholic University of Louvain and the Free University of Brussels. He has been a Director of numerous companies including Gazelec (2004-2005) and the Silver Fund since 2003. He was an Adviser to the Cabinet of the Federal Minister of Finance from 2000, then an Adviser to the Cabinet of the Federal Minister of Foreign Affairs in 2011. He has been Director of Treasury (SPF Finances) since 2012.
     
    Principal fields of expertise: financial markets, finance, taxation.

  • Bertrand Dumont - 2 July 1973 - 46 years old, French

    Non-executive Director
    Term of mandate: 2018-2023
     
    Director of Dexia Crédit Local

    Main function

    D​eputy Director General of the Treasury (France)

    Biography

    Bertrand Dumont is a graduate of the Ecole Nationale d’Administration (ENA), the Institut d’Etudes Politique de Paris (IEP) and the Ecole Normale Supérieure Ulm. He began his career in 2001 in the Agence France Trésor where he held the posts successively of Deputy of the Secretary General of the "Club de Paris" and Head of Cash Management. He joined the International Monetary Fund (Washington DC) in 2005, where he was appointed Advisor and he became Alternate Executive Director for France in 2006. In 2007 he has been appointed Advisor for international and European affairs of the Cabinet of the Minister of Economy, Industry and Employment (Paris). In 2010, he became Advisor in charge of multilateral financial affairs to the Cabinet of the Vice-President of the European Commission in charge of the internal market and services (Brussels), where he was appointed Coordinator to the Cabinet in 2014. From 2015 till 2017 he joined HSBC France (Paris) as Head of Prudential Management. From 2017 till 2018, he was Deputy Director to the Cabinet of the Minister of Economy, Finance and Industry (Paris). Since 2018, Bertrand Dumont has been Deputy Director General of the Treasury.

  • Thierry Francq - 30 April 1964 - 55 years old, French

    Non-executive Director
    Term of mandate: 2017-2021
     
    Director of Dexia Crédit Local
    Specialized committees: Member of the Audit Committee - Member of the Appointments Committee

    Main function

    Deputy Commissioner General for Investment (Ministry of Economy)

    Other functions

    Biography

    Mr Thierry Francq is an Ecole polytechnique and Ecole nationale de statistiques et d’administration économique (ENSAE) graduate. He began his career in 1988 in the direction de la prévision (Ministry of the Economy, Finance and Industry), as Deputy Head of the Foreign Bureau and then of the Financial Transactions Bureau. In 1992, he joined the Treasury department where he was Deputy Head of the Housing Financing Bureau and, as of 1995, Head of the Bureau in charge of French policy regarding the International Monetary Fund (IMF), the international financial system and the preparation of the G7 summits. From 2000 to 2002, he held the position of Deputy Head in charge of the regulation of insurance companies, products and markets and then, from 2002 to 2004, Deputy Head of the State holding department before being appointed Head of Economy Financing at the French Treasury. In March 2009, he was appointed General Secretary of the Financial Markets Authority (AMF). From December 2012 to September 2013, he was Executive Adviser to the CEO of the French Treasury. On 7 October 2013, he was appointed Deputy Commissioner General for Investment.
     
    Principal fields of expertise: economics, financial regulation and administration

  • Véronique Hugues - 28 May 1970 - 49 years old, French

    Executive Director of Dexia
    Term of mandate: 2017-2021
     
    Member of the Management Board of the Dexia Group
    Director and Executive Vice-President of Dexia Crédit Local
     
     
     

    Main function

    Member of the Management Board of the Dexia Group

    Director and Executive Vice-President of Dexia Crédit Local

    Biography

    Véronique Hugues holds a dual Masters in Financial Markets from Paris IX Dauphine University and Johan Wolfgang Goethe University in Frankfurt. She started her career at Deutsche Bank in Paris in the ALM department and joined Dexia Group in 2001 to manage long-term financing. She took over financial communication in 2009 then became responsible for Financial Management, and a director of Dexia Kommunalbank Deutschland and of Dexia Sabadell in 2013. She was Deputy CFO of Dexia Group and a member of the Group Committee of Dexia SA from 2014 to 2016. She also manages several different transversal projects within the Finance support line as part of this mandate. Since June 2016, she's Chief Financial Officer and Member of the Management Board of the Dexia Group and Director and Executive Vice-President of Dexia Crédit Local.
    Principal fields of expertise : economy, financial regulation & administration
     

  • Tamar Joulia-Paris - 5 October 1952 - 66 years old, Belgian

    Independent Director
    Term of mandate : 2019-2023
     
    Director of Dexia Crédit Local
    Specialized committees: Member of the Risk Committee - Member of the Remuneration Committee

    Biography

    ​Tamar Joulia-Paris is a graduate of the Ecole polytechnique de Mons (Belgium), of the Ecole Nationale de Géologie et de Prospection Minière de Nancy (France) and of the Solvay Business School in Brussels (Belgium). After 10 years in the construction and manufacturing industry, mainly in emerging markets, she joined the banking industry in 1992. She started in BBL (now ING Belgium) as head of Credit Risk Management. She later joined the ING Group in Amsterdam where she was in charge of the group credit portfolio and the credit markets during the 2008 financial crisis. After more than 20 years, she set up her own advisory and training activity, focusing on the risk management in the financial industry, the impact of new prudential regulations as well as portfolio & balance-sheet optimization. She is also a guest lecturer at the Facultés Universitaires de Saint-Louis (Belgium) where she teaches risk management since 2004.  

  • Alexandra Serizay - 31 March 1977 - 42 years old, French

    Independent director
    Term of mandate: 2017-2021

    Director of Dexia Crédit Local
    Specialized committees: Chairman of the Audit Committee

    Main function

    Head of Global Strategic Planning Corporate Services of SODEXO

    Biography

    Alexandra Serizay is a graduate of ESSEC business school. She began her career in 1997 as an internal auditor at France Télécom Transpac, then joined Deutsche Bank in London in 1999 as business manager working in mergers & acquisitions. In 2004, she joined Bain in Paris and became a manager in 2007. In 2011, she moved to HSBC France, first as a member of the Executive Committee of HSBC France, in charge of strategy, and then, in 2013, she became General Secretary and a member of the Executive Committee of RBWM (Retail Bank & Wealth Management) and director in charge of customer developpement and offers in 2016. She joined the company SODEXO in September 2017 as Head of Global Strategic Planning Corporate Services.

    Principal fields of expertise : audit and finance, mergers and acquisitions, strategy, digital transformation, risk management 

  • Michel  Tison - 23 May 1967 - 52 years old, Belgian

    Independent Director
    Term of mandate: 2016-2020

    Director of Dexia Crédit Local
    Specialized committees:
    Member of the Remuneration Committee
    - Member of the Risk Committee - Member of the Audit Committee

    Main function

    ​Professor of finance law and Dean of the Faculty of Law - Ghent University

    Biography

    Michel Tison, Doctor of Law, has been, since 1998, Associate Professor, and then, since 2008, Professor at the University of Ghent. He is the author or co-author of many publications regarding banking and financial law. From 2001 to 2014, he was an independent Director and Chairman of the Board of Directors of Aphilion Q2 (UCITS) and from 2005 to 2014, a member of the Audit Committee of the hospital of the University of Ghent. Since 2005, he has been an assessor for the “legislation” department of the Council of State.
    Principal fields of expertise : banking and finance law, audit

  • Koen Van Loo - 26 August 1972 - 45 years old, Belgian

    Non-executive director
    Term of mandate: 2017-2021
     
    Director of Dexia Crédit Local
    Specialized committees: Member of the Appointments Committee

    ​ 

    Main function

    Chief Executive Officer and member of the Strategy Committee of the Federal Holding and Investment Company

    Other functions

    Director of Capricorn ict arkiv SA/NV, certified SA/NV, kasteel cantecroy beheer SA/NV, Ginkgo fund II SCA, Fund Performa Key de inovacao 

    Biography

    Koen Van Loo is graduate in applied economics. After gaining a degree in taxation, he began his career as Deputy Adviser to the Central Economic Council. In September 1999, he joined the Office of the Belgian Minister of Finance as an expert. In November 2000, he was appointed Adviser to the Cabinet and was then head of the Cabinet from May 2003 until November 2006. He was then appointed Chief Executive Officer and a Member of the Strategy Committee of the Federal Holding and Investment Company.
     
    Principal fields of expertise: financial analysis, accounting, taxation and strategy.