In a significant shift within the French political landscape, Alexis Kohler, the long-serving Secretary General of the Élysée, has been appointed as the Deputy General Manager of Société Générale, effective June 2025. Kohler, who has been a close advisor to President Emmanuel Macron since the latter's election in 2017, will also serve as the president of the bank's investment division, overseeing crucial areas such as mergers and acquisitions and equity capital markets.
This announcement, made on March 28, 2025, marks the end of Kohler's eight-year tenure at the Élysée, where he was often referred to as Macron's right-hand man. His departure has been characterized as a pivotal moment in Macron's presidency, given Kohler's notable influence and the unique position he held within the French government.
Emmanuel Moulin, the former director of the Treasury, will succeed Kohler on April 14, 2025. This transition comes amid ongoing speculations about Kohler's future, which had intensified since late February. In a statement acknowledging Kohler's contributions, Macron praised him, stating, "Alexis Kohler has dedicated all his energy, talent, and exceptional work ethic to our political project and the French people."
During his time at the Élysée, Kohler was known for his deep understanding of economic and financial matters, having previously served as the director of staff for Macron when he was the Minister of Economy from 2014 to 2016. Kohler's expertise is expected to be instrumental as Société Générale embarks on a transformation program aimed at restructuring and enhancing its operations.
As part of his new role, Kohler will assist Société Générale's CEO Slawomir Krupa in implementing these transformation programs. He will also supervise the bank's general secretariat, human resources, and communications departments, further solidifying his significant responsibilities within the organization.
Interestingly, Kohler's appointment comes at a time when the banking sector is undergoing considerable changes. His extensive experience with financial regulations and relationships with oversight authorities like the European Central Bank (ECB) and the French Financial Markets Authority (AMF) is seen as an asset in navigating these challenges. Krupa remarked on Kohler's imminent arrival, highlighting that he "will bring to the group his talent, great experience, and exceptional commitment."
Kohler’s departure from the Élysée has been met with mixed reactions. While many recognize his dedication and contributions, his tenure was also marked by controversy. He has been under investigation since 2022 in connection with the Mediterranean Shipping Company (MSC) for alleged illegal interests, although the French financial prosecutor dropped the case in 2019, finding no evidence of wrongdoing.
Throughout his career, Kohler has been a figure of both admiration and criticism. His close relationship with Macron has led to comparisons of the two as twins, with some referring to him as "Macron’s second brain." However, his role as a gatekeeper to the president has also garnered him enemies within the political sphere, particularly among those who felt sidelined by his influence.
As Kohler prepares for his new chapter at Société Générale, he leaves behind a legacy that intertwines with the evolution of Macron’s presidency. His ability to navigate the complexities of government and finance will be closely watched as he transitions to the private sector.
The implications of Kohler's appointment extend beyond mere personnel changes; they reflect ongoing shifts in France's political and financial landscapes. As Société Générale seeks to adapt to a rapidly changing market environment, Kohler's experience and insights will likely play a crucial role in shaping the bank's future.
In conclusion, the departure of Alexis Kohler from the Élysée signifies not only a personal transition but also a broader transformation within the French political and financial realms. As he steps into his new role, the legacy of his time at the Élysée will undoubtedly influence the trajectory of both his career and the institutions he will now lead.
