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Degroof Petercam CEO steps down over differences in views, replacement named

Banque Degroof Petercam SA's CEO Philippe Masset mutually agreed to end his relationship with the bank after a failure to resolve differences in views resulted in a lack of sufficient mutual trust between them.

The Belgian bank's board unanimously appointed Bruno Colmant — pending regulatory approval — to succeed Masset as its new CEO.

Colmant is the bank's head of macro research and also serves as a member of its executive committee and board of directors.