Shake-up at SG follows rogue trader losses
Top management at Société Générale has been reshuffled in the wake of the rogue trades which cost the bank €5 billion in losses this month.
Christophe Mianné, who was promoted to head of global markets last month, has now returned to head the global equities and derivatives division. His former co-head of global equities and derivatives, Luc Francois, took sole charge of the division after Mianné's promotion, but has now left the bank.
Olivier Khayat, formerly head of capital raising and financing, has moved to succeed Marc Breillout as head of fixed income, currencies and commodities - Breillout is also understood to have left the bank, but SG had not confirmed this at the time of writing.
Khayat's co-head of capital raising and financing, Jean-Luc Parer, previously global head of debt capital markets, will now take sole charge of the division.
See also:Questions remain over SG rogue trader
€4.9 billion fraud at Société Générale
SG CIB promotes Mianné
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact info@risk.net to find out more.
You are currently unable to copy this content. Please contact info@risk.net to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@risk.net
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@risk.net
More on People
People: CRO switches at Wells and Barclays, further SG shake-ups, and more
Latest job changes across the industry
People: Barclays IB pivots to co-CEOs, SocGen in shake-up, and more
Latest job changes across the industry
People: NatWest gets new group CRO, JPM tunes up top team, and more
Latest job changes across the industry
People: MUFG hires AI strategy head, Wells Fargo builds up QIS, and more
Latest job changes across the industry
Portway leaves Barclays, destination unknown
Group operational risk head departs after 14 years at firm
People: StanChart’s new risk chief, Citi hires for FX, and more
Latest job changes across the industry
UBS fixed income structuring head departs
Credit Suisse alumni Adrian Bracher leaves Swiss bank
People: Mizuho trader exodus, Citi AI head departs, and more
Latest job changes across the industry