Societe Generale Securities Services (SGSS) has revealed a clear strategy to strengthen its presence in the UK.
To support this “ambitious” move the custodian has appointed Bertrand Blanchard as country manager in the UK, and Guillaume Lenoir as chief of strategic initiatives implementation.
Blanchard, who was previously country manager in South Africa, will lead the bank’s business development strategy in the UK, reporting to global head Bruno Prigent.
Joining from EuroCCP, Lenoir will report to Blanchard and will be in charge of implementing SGSS’s development initiatives in the country.
“Bertrand and Guillaume are joining SGSS’ team in the UK at an important time” said Prigent. “SGSS plans to be a key partner to its clients, providing them with operational efficiencies as well as significant new business opportunities as the industry continues to evolve in response to regulatory and structural changes.
"These key appointments will further strengthen SGSS’ presence in the UK and its ability to accompany clients in their growth and development in this market, where SGSS already provides products and services to a client base of institutional investors, asset managers, insurance companies and alternative investment managers.”
Blanchard and Lenoir will support the deliverance of a range of integrated client solutions in the UK over the coming months. The solutions will be targeted at two different set of clients, the first being Brokers, banks and financial institutions, based on execution-to-custody services and extending to full middle office.
The second set will be wealth fund managers for whom SGSS will provide a wealth and investment management outsourcing solution, spanning the full post-trade value-chain from global execution to global custody.
Lenoir worked at EuroCCP for six years, most recently as chief technology officer and head of product and change management. Before that he was deputy to the global head of change management for equities einance at Deutsche Bank in London.
The custodian also recently appointed Jason Nabi as head of financial institutions and brokers for the Michael Le Garignon, head of sales, business development and relationship management, for the UK market.