In 1953, future President of France, Georges Pompidou, joined de Rothschild Frères and from 1956-1962 he served as general manager. In 1962, the Rothschild's created Imétal (now named Imerys), an umbrella company for their considerable mining ventures. Headed by Guy de Rothschild, Imétal looked outward, investing in Great Britain and the United States, a move that put him on the December 20, 1963 cover of "Time". In the 1960s, government reform of banking regulations ended the legal distinction between banques d'affaires and deposit banks and in 1967 de Rothschild Frères became Banque Rothschild, a limited-liability company.