SG expands fixed-income distribution team

SG, the corporate and investment banking arm of Société Générale, has hired Philip Brutsche to its German and eastern European fixed-income distribution team. Brutsche will be responsible for marketing flow fixed-income products, including interest rate derivatives to Germany and Austria.

Brutsche will report to Marcus Ribka, head of German and eastern European fixed-income sales, and will be based in London. He joins from Bankgesellschaft Berlin, where he was a marketer for swaps and interest rate derivatives for the past three years.

Sophie Landry, head of business development in eastern Europe and structured product activity, said SG is looking to further expand the marketing team. “We are cautious but see pockets of potential,” she said.

One particular area the bank is keeping an eye on is insurance companies based in the UK and Ireland, said Landry.