"Why Crédit Agricole CIB's new boss is doubling down on tradition"

After 35 years at the French bank, Jean-François Balaÿ wants evolution, not revolution

Crédit Agricole’s choice for its new chief executive of its corporate and investment bank was inevitably going to be a safe pair of hands.
When its former boss Xavier Musca stepped down from the top job in April after around three years, Crédit Agricole did not look far for his replacement.
Jean-François Balaÿ has worked at the French lender for 35 years, and was deputy CEO before his elevation to the top job. The 59-year-old is planning to roll out a strategy update in November, but his message is one of evolution rather than revolution.