Societe Generale has promoted one of its senior fixed income trading veterans to lead its fixed income and currencies division in the Americas.
The French investment bank confirmed that Gareth Hughes will take on the leadership role to develop the fixed income and currencies business in the region, with a focus on business profitability, commercial franchise, and operational efficiency.
Hughes has 20 years’ experience in fixed income trading and sales, having first joined Societe Generale in 2009 as part of the bank’s plan to reinforce its FIC Americas platform following the financial crisis.
He went on to manage the global USD interest rate swaps trading desk as well as the USD fixed income exchange-traded funds (ETF) desk. In 2018, Hughes moved to London to manage global G10 interest rate swaps trading activity, before he was promoted to head of FIC in the UK.
“Gareth has a consistent track record and a proven ability to manage large scale activities. In addition, thanks to his prior positions within FIC Americas, Gareth has a deep knowledge of the Americas platform as well as the US markets and clients,” Societe Generale said in a statement on Hughes’ appointment.
The appointment will come into effect once Gareth is able to relocate from London to New York. In the meantime, the role has been filled on an interim basis by the head of global markets Americas, Hatem Mustapha. Once active in his new position, Hughes will report to Mustapha, and the global head of fixed income and currencies, Sylvian Cartier.