Socit Gnrale Securities Services (SGSS) has changed its organisational structure to respond to its rapid expansion over the past four years resulting from organic growth, acquisitions and new mandates.
The changes within SGSS, which are effective immediately, include:
* The creation of seven international business lines responsible for their individual product offerings across all SGSS locations. The seven business lines are:
o Clearing Services, headed by Philippe Robeyns
o Custody and Trustee Services, headed by Etienne Deniau
o Retail Custody Services, headed by Philippe Huerre
o Fund Administration and Asset Servicing, headed by Serge Jacqueline
o Fund Distribution Services, headed by Pascal Brichel
o Liquidity Management, headed by Guy d’Albrand
o Global Issuer Services, headed by Jean-Louis Vayne
* The creation of a global commercial team, headed by Sbastien Danloy. The team main objective is to highlight SGSS full range of products and services geared per geographical coverage and per client type.
* The reinforcement of a country management function applicable in priority to countries where SGSS enjoys a leading positioning and on emerging countries which developments are key in the future growth of SGSS. Massimo Cotella as CEO SGSS Spa will assume country management for Italy and Ramy Bourgi as Head of Emerging Markets Development will act as country manager for these countries.
* The grouping of IT and back-office teams into two global divisions headed respectively by Jean Cadroy and Jean-Michel Leclercq. This new set up aims at optimising resources and processing thus reinforcing synergies. These two teams operate in direct relation with the head of business lines.
* The centralisation of central corporate functions headed respectively by Head of HR, Jean-Claude Martinez; Head of Risk Claire Rambaud; Head of Finance Jean-Eric Ferrary; and Head of Communications Valrie Siniamin-Finn.
This new organisation is managed by Global Head of SGSS Alain Closier and comprised of Bruno Prigent who becomes Deputy Head of SGSS, Alcibiade Vinot who becomes Chief Administrative Officer and Jean-Michel Mpuis as Head of Strategy and Development.