In a move to improve the coordination of operations in the United states, France's Credit Lyonnais has named Robert A. Cohen, Executive voice president and branch manager, to the new post of U.S. chief executive responsible for commercial and investment banking.

The French bank's decision follows similar moves by other foreign banks. Recently, Germany's Dresdner Bank also named a single head for U.S. banking activities.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.