Orange has turned to finance veteran Paul de Leusse to run its mobile banking services division, as the French operator finalises its revamped leadership team.
The former CFO and Deputy CEO of Crédit Agricole’s Corporate and Investment Banking arm takes up his new role on 15 May with a brief to grow the telco’s two major financial services offerings.
Orange Money and Orange Bank have 36 million customers in Africa and over 100,000 customers in France, respectively.
Orange hopes to generate €400 million in revenues from financial services this year.
De Leusse joins from Indosuez Wealth, where he served as Deputy CEO for the last two years.
He spent over seven years at Crédit Agricole CIB and also had stints at management consultants Bain & Co and Oliver Wyman on his CV.
De Leusse, who also becomes one of Orange’s Deputy CEOs, replaces Marc Rennard, who has moved on to become CEO of Orange Digital Investment.
Rennard’s move was one of a number of changes to Orange’s senior management team, which were announced in March, following the departure of execs Pierre Louette and Thierry Bonhomme.