Socit Gnrale Corporate and Investment Banking has named the management team of its newly launched Fixed Income, Currencies and Commodities division.
The division includes an integrated financial engineering approach and a strengthened flow and structured products distribution, the bank says, made up of: Structuring – engineering, structured interest rates and FX, structured credit, securitisation, portfolio management; a fixed income and FX integrated flow business – sales and trading; treasury; commodities – sales and trading; and debt research.
In FX, Lars Hakanson will continue in his role as head of foreign exchange and Benot Hubaud will remain as head of credit, fixed income and FX research. Jean-Baptiste Destremau, who was previously head of the bank’s debt finance activities in Japan has been appointed head of structured interest rates and structured foreign exchange.
Across the other core activities, David Coxon and Stphane Landon have been appointed heads of structuring and financial engineering. Previously they were global head of tax, debt advisory and hybrid products and global head of fixed income and derivatives respectively.
Frederic Desclaux, who was previously global head of fixed income and derivatives, is now head of distribution and trading.
In addition, Vincent Cazala has been made head of treasury and Franois-Xavier Saint Macary will continue in his role as head of commodities. Cazala was previously head of treasury for Europe and Asia.
Meanwhile Bertrand Fitoussi has kept his role as head of structured credit and Greg Medcraft is still head of securitisation.
The bank’s announcement follows news two weeks ago that it had appointed Marc Breillout and Grgoire Varenne as heads of the FICC division with Paolo Taddonio as their deputy and head of the division for the Americas.
“With its boosted distribution capacity, our new Fixed Income, Currencies and Commodities division will meet our clients’ increasingly sophisticated needs. The enhanced capacity which is at the heart of our integrated structuring team ensures we will continue to develop an ever more attractive offer in Fixed Income, Currencies and Commodities products.” say Breillout and Varenne.