Calyon has named Francois Coussot head of loan operations in New York, reporting to Peter Kelly, managing director, who has taken over the head of the loan syndications slot. Coussot, a well-known face in North American power project finance syndication circles, will keep his current remit as head of project finance syndications.

The moves are part of a reshuffling that saw Kelly replace Barbara Kellc, managing director, who has taken a newly-created position chief operating officer of the credit markets division.