SG CIB adds to Middle East fixed-income team

Société Générale Corporate & Investment Banking (SG CIB) has made two appointments within its fixed income, currencies and commodities division to boost Middle Eastern sales coverage while further developing finance products for Islamic investors.

Vikrant Bhansali joins as regional head of fixed-income distribution for the Middle East and product head of Islamic finance. Based in London, he will report to Frédéric Desclaux, head of fixed-income distribution and trading. In the role, Bhansali will work to expand the bank’s fixed-income sales coverage in the Middle East region. He will also work closely with the bank’s capital-raising and financing division to package and promote sharia-compliant fixed income/loan issuance products to its Islamic investor base. Bhansali joins SG CIB from Morgan Stanley in London, where he worked as executive director of fixed-Income coverage for Middle Eastern clients for two years.

Fathi Al-Tarouti also joins the team in London as vice-president, financial institutions distribution for the Middle East, with primary focus on Saudi Arabia. He reports to Bhansali. Al-Tarouti joins from Arab National Bank, where he had worked as head of fixed income since 2004. In this role he managed the bank’s portfolios in structured notes, callable agencies and mortgage-backed securities, while handling the overall hedging of bank loans and securities.

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