SocGen shuffles Asian global markets sales

William Huang, meanwhile, will head global market sales for Greater China with support from Charles Gu, the new head of global market sales China, while Arnaud Lhoste will hold the same head sales post for Southeast Asia.   

The reorganisation to bring the franchise in line with the “new regulatory environment” was trumpeted by a previous wave of new appointments in May.

 

The mandate for the newly appointed sales executives will be to ensure consistency of products and optimise client coverage with "a fully integrated offer across products and asset classes," the bank said.

 

A key feature of the reorganisation, Société Générale said on May 11, was the creation of a new equities and derivatives business and the expansion of the bank’s fixed income and currencies practice.

The appointments called out in the May release concerned existing personnel based in Hong Kong and noted that in the Asia Pacific region the global markets division will remain under the leadership of Frank Drouet in Hong Kong.

Takahashi will report locally to Koji Shimamoto, head of global markets Japan, and regionally to Yann Garnier, head of global market sales and deputy head of global markets Asia Pacific.

SocGen said Tokyo-based Takahashi will direct client initiatives in Japan, adding flow equity sales and flow fixed income sales teams to his current remit, which is focused on product penetration in the local market.

In addition to his new role as head of global market sales in Korea, Oh is chief executive officer and head of global markets for SG Securities Korea, a locally incorporated unit of Societe Generale Corporate and Investment Banking. While he will continue to report to both Garnier and Drouet, Oh's expanded remit covers equities and derivatives activities, as well as all global markets client initiatives in Korea.

 

For the China market, Société Générale is tapping Huang's experience as former head of Greater China sales for the bank's cross-asset solutions group, where he focused on institutional clients. It is hoped he will help the bank to expand sales in the region, relying on Gu in Shanghai to grow the financial institutions piece of the global markets business. Gu was formerly head of China corporate sales.

In Southeast Asia the bank would like to see Lhoste successfully develop an institutional client base along the lines of what he did as a former member of the cross-asset solutions group in Europe, where he put together a "strong client franchise in particular with large insurance companies".    

The new appointments went into effect May 18.