SGSS forms new executive committee
French group Société Générale Securities Services (SGSS) has established a new client focused governing body to provide services that are increasingly extensive, multi-product and multi-country to institutional investors.
The aim of this new committee is to consolidate SGSS’s position as a securities services provider in Europe, the Middle East and Africa.
Bruno Prigent, global head of SGSS, will head the new six-member executive committee, which will be responsible for the group’s strategy and development.
In addition to their current positions, members of the executive committee will oversee specific activities defined by SGSS as clients, client operations, transformation and support functions.
Massimo Cotella will oversee client activities alongside his current role as chief executive of SGSS Italy where he supervises sales and marketing activities, as well as SGSS’ liquidity management services (securities lending, treasury, foreign exchange).
Pascal Berichel, currently head of fund distribution services where he supervises the overall Fund Services, will now also be in charge of client operations alongside Didier Rolland who supervises clearing, custody services and issuer services of SGSS.
Jean Cadroy, currently head of IT, will be responsible for supervising the transformation of the business in an evolving regulatory context.
Jean-Claude Martinez, currently chief administrative officer, will supervise SGSS’ support functions as well as those of S2E, Société Générale’s joint venture for employee savings plans.
SGSS currently provides a range of securities services including clearing services, custody and trustee services, retail custody services, liquidity management, fund administration and asset servicing, fund distribution and global issuer services.
The group has €3.4bn of assets under custody and €421bn of assets under administration.