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Daniel Bouton

Picture of Daniel Bouton

Date of Birth: 04/10/1950

Age: 66

Place of Birth: Paris

Citizenship: France

Background

Daniel Bouton was born April 10, 1950 in Paris. After graduating from high school in 1967 he passed the exam for the bachelor`s degree. In 1973 (according to other sources, in 1974) graduated from the National School of Administration (Ecole Nationale d`Administration, ENA). Later, also he received a diploma of the Paris Institute of Political Studies (Institut d`Etudes Politiques de Paris).

In 1973, Bud joined the Ministry of Finance and was the youngest of the General Inspector of Financial Supervision. The inspections worked until 1977 (according to other sources, until 1978) and then moved to the Department of Finance, where he received the post of authorized representative.

In 1986, the government of Jacques Chirac Bouton became head of administration Zhuppe Alain (Alain Juppe), junior minister (Minister Delegate), responsible for the budget. In 1988, the government of Michel Rocard (Michel Rocard) Bud became the director of the budget department, subordinate to the Minister-delegate Charasse Michel (Michel Charasse).

In March 1991, Bud went to work at the bank Societe Generale (SocGen). In 1993 he became the executive director, and four years later also the chairman of the board of directors. In addition, Bud went into boards of directors Arcelor, Schneider Electric SA, Total and Veolia Environnement. In February 1998, Bud became chairman of "Development" group in the union of entrepreneurs MEDEF (Mouvement des entreprises de France).

In 1999, Bouton tried to arrange the purchase of the bank Paribas, but his plans were prevented by a hostile takeover attempt by another bank - BNP, who sought the unification of all three companies. As a result, BNP Paribas has absorbed, but Societe Generale remained independent.

In June 2002, Bud was the chairman of the coordinating committee on regulatory capital at the Institute of International Finance (Institute of International Finance, IIF). In the same year he was under suspicion in connection with the case of money laundering, known as Sentier II. It was about the alleged illicit financial flows between France and Izrailem.Nachalo process on this case was scheduled for February 4, 2008. In 2006, under the direction of Bud Societe Generale advised metallurgical corporation Mittal Steel, Lakshmi Mittal, engage in acquisitions of French Arcelor.

In January 2008, Societe Generale was in a critical situation: it turned out that because of the actions of the Paris trader Jerome Kerviel, the company lost about 5 billion euros. Bouton offered his resignation to the board SocGen, but the offer was rejected, and the CEO refused to receive the salary in the next six months.

Daniel Bouton - Chevalier of the Order of the Legion of Honor and the Order "For Merit". He is married and has two children.