The Dexia retail and private banking group has decided to appoint Frank Wagener as CEO and chairman of the management board of Dexia Banque Internationale a Luxembourg ("Dexia BIL").
Axel Miller, CEO of Dexia SA, stated: All my Dexia colleagues and I are delighted by the appointment of Frank Wagener. Over many years, Frank Wagener has developed the experience and management qualities required to successfully assume the considerable responsibilities placed upon him at the head of one of the most important establishments on the Luxembourg financial market.
I am convinced that, under his direction and with the support of all his colleagues on the management board, Frank Wagener can perpetuate and further develop the long tradition of quality, excellence and involvement of BIL in a major market for the Dexia Group at the historic heart of its activities.
Frank Wagener is currently vice-chairman of the executive board of Dexia BIL and has been head of Commercial Banking for 13 years. His new appointment remains subject to formal approval by the relevant social bodies of Dexia BIL and the supervisory authorities.