SGSS announces new country head for Italy

SGSS has grown into a leading securities service provider in Italy with over €698 billion in assets under custody.

By Joe Parsons

Societe Generale Securities Services (SGSS) has promoted a senior markets expert within the bank to become its country head for Italy.

Roberto Pecora has been named CEO of SGSS S.p.A, Societe Generale’s Italian subsidiary, and will be responsible for leading one its main business lines.

He will work in alignment with David Abitbol, head of SGSS, and Alessandro Gumier, head of global banking and investor solutions for Italy.

Pecora replaces Federeic Barroyer, who was recently appointed as head of group retirement and employee savings within Societe Generale Assurances.

“Roberto’s long-lasting experience of market activities and deep knowledge of local financial institutions will be key assets to further develop our business in Italy, a strategic market for us, leveraging on our innovation, efficiency and technology capabilities,” said Abitbol.

Pecora has been a part of Societe Generale’s markets business in Italy for over 20 years, serving in a number of senior roles including head of global markets for Italy and head of global equity and derivatives for Italy.

He will be responsible for running one of SGSS’ most prized businesses, which has grown into a leading securities service provider in the country with over €698 billion in assets under custody, as of the end of September 2019.