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Dexia Loses Luxembourg Head, Looks for Replacement

Contributing Editor

18 July 2006

Marc Hoffmann, managing director and chairman of the management board and executive committee of Dexia Banque Internationale à Luxembourg, has resigned, according to a statement from the Belgian banking group. The statement said the departure was “based on a common agreement of both parties”. Dexia has appointed Frank Wagener, vice chairman, as acting managing director until a new head is found.