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.

Read more: Stick or twist? Operators split on whether non-telco services strengthen their hand

More News

Iliad enters content game in France, finally launches Italian mobile business Iliad enters content game in France, finally launches Italian mobile business Iliad has acquired football rights in France and launched its opco in Italy as it looks to reboot after a disappointing set of financial results. More detail
Three UK appoints new CCO, CFO Three UK appoints new CCO, CFO The departure of Three UK's Chief Commercial Officer after just 18 months in the job has triggered a shake-up of the mobile operator's top team. More detail
TalkTalk to sell enterprise customer base to Daisy as it registers full-year loss TalkTalk to sell enterprise customer base to Daisy as it registers full-year loss TalkTalk has agreed to sell 80,000 business customers to rival Daisy Group in a £175 million deal. More detail
A1 Telekom Austria Group rebrand reaches Bulgaria A1 Telekom Austria Group rebrand reaches Bulgaria Bulgaria is the third A1 Telekom Austria Group opco to get rebranded as the telco looks to market itself as a provider of "advanced" IT, IoT, cloud and content services. More detail
Orange Business Services puts IoT to use on saving ships’ fuel costs Orange Business Services puts IoT to use on saving ships’ fuel costs Orange Business Services has expanded its work with Dobroflot by developing a customised IoT solution for the Russian fishing company. More detail
    

 

European Communications is now
Mobile Europe and European Communications

  

From June 2018, European Communications magazine 
has merged with its sister title Mobile Europe, into 
Mobile Europe and European Communications.

No more new content is being published on this site - 

for the latest news and features, please go to:
www.mobileeurope.co.uk 

 

@eurocomms