Crédit Agricole’s XVA head departs

Laurent Chédin is leaving the banking sector; Mickael Crabos takes his place

Credit Agricole headquarters

After nearly 16 years at Crédit Agricole, Laurent Chédin, head of derivatives valuation adjustment (XVA) and scarce resource management, is leaving the bank to take up a role outside of the banking sector.

Replacing Chédin is Mickael Crabos, who has been appointed global head of scarce resources management and XVA trading. Crabos will report to Frederic Meron, global head of the transformation and transversal group, part of the bank’s global markets division.

Malcolm Hibbert, currently head of

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