Societe Generale has appointed David Abitbol as the new head of Societe Generale Securities Services (SGSS), effective 1 January 2019.
Based in Paris, he will report to Séverin Cabannes, deputy chief executive officer, responsible for the bank’s Global Banking and Investor Solutions activities.
Abitbol replaces Bruno Prigent, who, after 38 years at Societe Generale, 27 of which were with Societe Generale Securities Services, will retire. Prigent retains his current role within SGSS until the end of 2018 and will focus on ensuring a smooth transition of the business together with Abitbol.
Abitbol has more than 20 years of experience in global markets. He has been chief operating officer for Societe Generale Asia Pacific and chief executive of Societe Generale Hong Kong Branch, since March 2014. He joined the bank in 1992 within the Group Finance division as an actuary then took up the role as head of Financial studies and Funding Operations within the Asset and Liability Management Department.
In 1997, he moved to Operations in Societe Generale Corporate & Investment Banking (SG CIB) as project director for Interest Rate Derivatives and the Futures and Money Market activities. In 2000, Abitbol joined the Capital Market Fixed Income Business Line as programme director.