Published on 04/10/2016

Societe Generale Securities Services strengthens its teams in India and Poland

Societe Generale Securities Services (SGSS) announces the following appointments:

David Jaegly has been appointed Deputy Managing Director of SBI-SG Global Securities Services Pvt Ltd. Previously Head of SGSS in Poland, he will be based in Mumbai and replaces Murali Narasimhan who will be taking up a new position within the bank. SBI-SG Global Securities Services Pvt Ltd is a joint venture between SGSS and the State Bank of India, the country’s leading public sector bank. The joint venture offers custody services, fund accounting & fund administration and risk analysis & performance measurement services to domestic investors and overseas investors such as global custodians or foreign institutional investors in the Indian securities market.

Cyril Tourneur replaces David Jaegly as Head of SGSS in Poland. He was previously Head of Clearing and Settlement Services for SGSS in Luxembourg. He will be responsible for further developing SGSS’ custody & trustee services and fund administration services in the country where it is a well established custodian and leader in derivatives clearing.

Both report to Philippe Huerre, Head of the International Department at SGSS, and their appointments are effective immediately. “SGSS is committed to helping clients benefit from strong asset protection and servicing, as well as in-depth local market knowledge in emerging markets,” comments Philippe Huerre.

“These appointments will play an important role in strengthening and expanding our service offering for domestic and international investors to support their operations and development in India and Poland.”


David Jaegly

David Jaegly began his career at Societe Generale as an internal consultant in 2002. He went on to head the project management office at SGSS in 2007 and was responsible for implementing and managing large client migrations. He went to work at SGSS in Athens in 2008, the 4th largest Greek custodian at the time, as Deputy Head and Operations Manager before being ultimately appointed Head of SGSS in Poland in 2011. David Jaegly holds a Master’s degree in Business from Bordeaux Management School.

Cyril Tourneur

Cyril Tourneur joined Societe Generale Securities Services’ back-office settlement team in 2005 after various positions in retail banking, the automobile industry and imports/exports in electrical products. He was appointed Middle Officer Manager in 2007. He went on to become Back Office Manager for Clearing and Settlement services in 2012 and was most recently appointed Head of Clearing and Settlement in Luxembourg in 2013. Cyril Tourneur is a graduate from the school Centre de Formation de la Profession Bancaire.