Word: dits
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Dates: during 1970-1979
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...Union des Banques Arabes et Françaises (or UBAF), formed in Paris in 1970 with more than $700 million in assets. UBAF is 40% owned by Crédit Lyonnais but controlled by 23 Arab banks. The president is U.S.-educated Mohamed Mahmoud Abu Shadi, former chairman of the National Bank of Egypt. UBAF has subsidiaries in London, Rome, Frankfurt, Luxembourg and Tokyo. Partners of these subsidiaries include several big European banks and The Bank of Tokyo...
...Dit Clapper and Dutch Gainer...
...also finds time to be a banker. As managing director of Crédit Lyonnais, the eighth largest bank in the world (assets: $15.7 billion), Saint-Geours is a proponent of the European movement toward multinational banking consortiums. The bank's two-year-old union with Germany's Commerzbank and Italy's Banco di Roma to form the CCB group is one of at least seven major liaisons; their main purpose is to provide big, convenient pools of capital in different currencies to help international firms expand. The CCB group commands assets of nearly $31 billion...
...then "parachuted" to a lofty position in business. He served with the French mission to the United Nations in Manhattan, later became the government's director of economic forecasts and had a hand in shaping France's monetary policy. Four years ago he moved to Crédit Lyonnais. Because the bank is really controlled by the government, the shift was much like a promotion within the government economic hierarchy...
...bank, Swedish businessmen expect that the family will be responsible for much of its leadership. Instead of a small family merchant bank, they will have a big commercial bank capable of competing more effectively with such multinational giants as Britain's Barclays and France's Crédit Lyonnais...