SGSS sets up a new executive committee
Societe Generale Securities Services (SGSS) has set up a new client focused governing body for institutional investors who need more extensive, multi-product and multi-country services.
The committee has 6 members and is headed by Bruno Prigent,SGSS global head. It is responsible for the strategy and development of SGSS.
Since 24th November, in addition to their current positions, the executive committee members are overseeing specific activities in four areas: clients, client operations, transformation and support functions.
Massimo Cotella, CEO of SGSS Italy, supervises sales and marketing as well as SGSS' liquidity management services (securities lending, treasury and foreign exchange).
Pascal Berichel, head of fund distribution services, supervises the overall fund services.
Didier Rolland, previously global head of client and business support within the corporate and investment bank's operations department, supervises clearing, custody services and issuer services.
Berichel and Rolland are responsible for strenthening management and synergies for operational activities and ensuring quality products across countries.
Jean Cadroy, head of information technology, supervises all the subjects related to the transformation of the business in the changing regulatory environment.
Jean-Claude Martinez, chief administrative officer, supervises support functions, as well as S2E, Societe Generale's joint venture for employee savings plans.
New investment manager at Brooks Macdonald AM
Brooks Macdonald Asset Management has appointed Toby Thompson as investment management director to its London office.
Thompson has more than 20 years’ experience in the investment industry. He has managed UK equity portfolios for institutional pension funds and retail open-ended investment companies. He was at New Star for eight years and before that at Newton and Eagle Star Investment Managers.
His appointment brings the number of investment managers at the company to 47. Nick Holmes, joint managing director, said the company is continuing to expand the number of investment managers to cater for the support from professional advisers.
Newedge has new global head of agricultural business
Newedge, the multi-asset brokerage and clearing company, has promoted Michael Dann to global head of agricultural business from his current position as head of cocoa, coffee and sugar.
In his new role, Dann will be responsible for further strengthening the company's agricultural business. He will report to John Fay global head of fixed income, currency and commodities (FICC).
Dann takes over from Franck Borgel, who had been serving as acting head of agricultural business for the past six months, a role he has performed in addition to his duties as COO of FICC.
Dann has been in the brokerage business for 30 years, specialising in agriculture and commodities. He began his career with Marshall French & Lucas in 1980 and subsequently was with Drexel Burnham, Paine Webber and Brody White, both in New York and London. Following the acquisition of Brody White by Fimat in 1995, he was appointed head of the commodities business at Fimat and then Newedge, specialising in coffee, cocoa and grains.