People swaps

SG reshuffles project finance and utilities divisions SG Corporate & Investment Banking, a subsidiary of Société Générale, has named Matthew Vickerstaff and Roger Bredder as the respective heads of project finance for Europe and the Americas. London-based Vickerstaff was previously head of the global project finance infrastructure team and now covers oil and gas, power and infrastructure for Europe, the Middle East and Africa. He succeeds Bill Schmid, former managing director and regional head of project finance for Europe, who is now global head of project finance. Based in New York, Bredder now leads sectorial and project finance activities in the Americas. He was already part of the US project finance team and replaces Michel Chatain, who is now head of the global utilities division.

Uday Narang, president of the European wing of US energy firm Entergy-KochTrading (EKT), has left the company less than a year after his promotion, saysan industry source. Jeff Searle, president of the firm’s Houston-basedparent company, has taken over EKT’s European business. Narang was promotedto president in October last year after overseeing the company’s expansioninto European power, natural gas and weather derivatives trading markets, inhis previous position as managing director.


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