In a move to “strengthen its UK client coverage”, Société Générale Securities Services has appointed Richard Davis as sales director and has extended the role of Steve Gutowski, the UK sales director, to cover financial institutions, broker/dealers, and banks. Both are based in London and report to Alessandro Cavallari, head of international sales at SGSS.…
Category: SGSS
SGSS wins EUR2bn Italian mandate
Solidarietà Veneto Fondo Pensione, which has over 140 thousand members and AuM of EUR2bn (USD2.2bn), has appointed SGSS in Italy to provide custody and bank services for the decade 2023-2033.
SG-FORGE obtains DASP status
Société Générale – FORGE, a subsidiary of the Société Générale Group dedicated to crypto assets activities, has obtained regulatory approval as a Digital Asset Service Provider (DASP), or Prestataire de Service sur Actifs Numériques (PSAN), with the Autorité des Marchés Financiers (AMF). The move anticipates the implementation of the European MiCA regulation, which aims to…
Inarcassa hires SGSS
Société Générale Securities Services in Italy has been selected as provider of custody and trustee services by Inarcassa, Italy’s national social assistance fund for self-employed engineers and architects, for a five-year term. Inarcassa has EUR13bn (USD14bn) AuM.
State Street hires from SGSS
Olivier Blanc has joined State Street as head of global delivery for France. He was previously at Société Générale. In 2022 State Street hired Christophe Baurand, who had been global head of sales, marketing & solutions for SGSS, as country head for France.
SGSS hires sales director for France
David Lachkar has joined Société Générale Securities Services as institutional sales director for France. He previously spent nearly 13 years at CACEIS. Based in Paris, he reports to Stéphanie Gaudoux, SGSS head of coverage for France and Continental Europe.
SG makes high-level changes
Société Générale has announced major changes at the senior management level. David Abitbol, who has led SGSS since 2019, is appointed head of global transaction & payment services, effective July 1, 2023, replacing Alexandre Maymat, who becomes head of group inspection & audit. Arnaud Jacquemin is appointed head of securities services, replacing David Abitbol. His…
SGSS appoints Italy chief
Société Générale Securities Services (SGSS) has appointed Valeria Dal Corso as CEO and country head of its Italy business. She replaces Roberto Pecora, who was recently appointed CEO of Euronext Clearing. Dal Corso has been with SGSS for more than 17 years, and is currently deputy general manager.
Female majority on SG’s new ExCo
The new CEO of Société Générale, Slawomir Krupa, has appointed a new ExCo, which is comprised of 13 senior managers. Of these, seven are women. Compare this with, say, State Street, which has adopted a high profile over its commitment to the DE&I agenda. Its 11-member ExCo is comprised of nine men and just two…
SGSS supports EIB DLT bond issue
The European Investment Bank (EIB) has launched Project Venus, its second euro-denominated digitally native bond issue and the first using private blockchain technology. The EUR100m two-year bond was issued, recorded and settled using private blockchain-based technology, and represents the inaugural issuance on Goldman Sachs’ tokenisation platform – GS DAP. Banque de France and the Banque…