Charles Milhaud

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DEFINITION of 'Charles Milhaud'

Charles Milhaud held various positions at Caisse Nationale des Caisses d'Épargne since 1964, including president. Milhaud led the Caisses d'Épargne to a large increase in size while still achieving good returns. He helped turned a small savings bank into one of the largest banking groups in France. However, Milhaud's tenure was cut short by a 600 million euro trading loss that forced him to resign after spending his entire career with the company.

INVESTOPEDIA EXPLAINS 'Charles Milhaud'

In addition to his career with Caisses d'Epargne, Milhaud has served on the board of directors at numerous other companies. Milhauds management style can be seen in one of his quotes: "I don't like to manage. I like to build". This is consistent with the mergers Milhaud pursued to grow the company.

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