As announced on 9 April 2019, Societe Generale is adapting the organisation of its Global Banking and Investor Solutions activities in order to improve the quality of services delivered to its clients and the efficiency of its business model by refocusing on its areas of excellence.
In this context, the Bank announces the creation of the Business Unit Global Banking and Advisory which combines advisory, capital markets and financing services with the aim to provide the most integrated service offering to the Bank’s clients.
The following appointments are effective immediately:
• Pierre Palmieri is appointed Head of Global Banking and Advisory.
Based in Paris, Pierre reports to Séverin Cabannes, Deputy Chief Executive Officer.
• Thierry d’Argent and Alvaro Huete are named Deputy Heads of Global Banking and Advisory. Based in Paris, they both report to Pierre Palmieri.
• Sylvain Mégarbané is appointed Head of Investment Banking, a new business line created within the Global Banking and Advisory Business Unit. This new business line includes Mergers & Acquisitions, capital markets, acquisition financing activities and sector expertise. Based in London, Sylvain reports to Pierre Palmieri.
The new organisation of Global Banking and Investor Solutions also includes the simplification of the market activities’ organisation.
The Global Markets Business Unit, headed by Jean-François Grégoire since February, is thus organised around two main business lines: Equities & Equity Derivatives and Fixed Income & Currencies. These business lines are respectively led by Alexandre Fleury and Sylvain Cartier.
Séverin Cabannes, Deputy Chief Executive Officer, commented: « The adjustment of our business model, more integrated and more concentrated on the areas of strength where we have differentiating competitive advantages, will allow us to ensure a profitable and sustainable growth, by improving the client experience and by better meeting their expectations. Through a model built on our recognised know-how in investment solutions, structured financing and transaction banking services, we are well positioned to support our clients’ growing needs, especially in the saving and financing areas. With this organisation, our Global Banking & Investor Solutions division is firmly looking toward the future. »
_ Biographies available in the attachment.
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