Soc Gen restructures corporate and investment banking

Societe Generale has announced organisational reshuffle naming some of its top executives and Newedge employees to new roles.

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Societe Generale has announced organisational reshuffle naming some of its top executives and Newedge employees to new roles.

The group said the moves would “support its clients with a full range of multi-asset and advisory services, while adapting to the new regulatory environment”. 

One of the major moves sees Richard Quessette appointed head of the newly created equities and derivatives business line, with Bruno Benoit as deputy.

Quessette has worked for Soc Gen for 20 years, most recently as global head of cross asset solutions.

Newedge’s former global head of prime clearing services, Chris Topple, and Christophe Lattuada have been named as co-heads of prime services activities. Replacing Lattuada in the role of head of strategy and corporate development for global banking and investor solutions will be the long-serving Laure Lemaignen.

Jerome Jacques and Hatem Mustapha will assume the positions of co-heads of a new asset backed products business line, created jointly with the Global Finance division.

Former Newedge chief executive David Escoffier will take charge of supervising Soc Gen’s sales teams, while Marc Saffon has been appointed head of engineering.

The French bank said the new organisation will ensure “continuum across all asset classes”.

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