Cameroonian appointed SGBS Managing Director

The French banking group Société Générale has just put Cameroonian Georges Wega at the helm of Société Générale de Banques du Sénégal (SGBS).

The latter, who was until this promotion deputy MD of Société Générale Cameroun, will take office starting this month of June, after the validation of his appointment by the regulatory body of the banking sector in CEDEAO.

La promotion de Georges Wega à la SGBS est considérée comme une «petite révolution» par la presse sénégalaise, dans la mesure où, apprend-on, elle «consacre enfin un africain à la tête d’une banque restée très conservatrice dans les étages supérieurs de son management».

Poached from UBA Cameroun in June 2014, where he was Administrator Managing Director, Georges Wega, who took charge of the operational side of Société Générale Cameroun in July 2014, seems to have been sent on a mission in Senegal.

Indeed, in the West African country, this Cameroonian industrial engineer will inherit a subsidiary of Société Générale which, we learn, "broke the record of provisions due to a poor approach in risk management".

A graduate of the University of Quebec in Canada, Georges Wega is well acquainted with the financial world. He successively worked for the financial branch of General Electric in Brussels and Amsterdam; Barclays Bank in London; then UBA, the Nigerian banking group whose Cameroonian subsidiary he led for 4 years, before joining Société Générale.