People and Business: CSFB wise man

ANGLO-FRENCH relations seem to be blossoming. Didier Pineau-Valencienne is joining Credit Suisse First Boston in London as vice-chairman of the investment bank's European business, after 18 years as head of Schneider, a French manufacturer of electrical equipment.

Mr Pineau-Valencienne's appointment has less to do with his investment banking expertise - considerable - than with his impeccable euro-connections in the boardrooms that matter.

He currently sits on the boards of AXA, Rhone Poulenc and Sema Group and is also a "Conseiller" of the Banque de France. (I think that's French for "wise man".)

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