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SGSS embarks on major UK expansion
02 July 2014
Makes two senior appointments ahead of planned launch of UK solutions aimed at brokers, banks, financial institutions and wealth fund managers
Societe Generale Securities Services (SGSS) has revealed a
clear strategy to strengthen its presence in the UK.
To support this "ambitious" move the custodian has appointed
Bertrand Blanchard as country manager in the UK, and Guillaume
Lenoir as chief of strategic initiatives implementation.
Blanchard, who was previously country manager in South Africa,
will lead the bank’s business development strategy
in the UK, reporting to global head Bruno Prigent.
Joining from EuroCCP, Lenoir will report to Blanchard and will
be in charge of implementing SGSS’s development
initiatives in the country.
"Bertrand and Guillaume are joining SGSS’ team in
the UK at an important time" said Prigent. "SGSS plans to be a
key partner to its clients, providing them with operational
efficiencies as well as significant new business opportunities
as the industry continues to evolve in response to regulatory
and structural changes.
"These key appointments will further strengthen
SGSS’ presence in the UK and its ability to
accompany clients in their growth and development in this
market, where SGSS already provides products and services to a
client base of institutional investors, asset managers,
insurance companies and alternative investment managers."
Blanchard and Lenoir will support the deliverance of a range
of integrated client solutions in the UK over the coming
months. The solutions will be targeted at two different set of
clients, the first being Brokers, banks and financial
institutions, based on execution-to-custody services and
extending to full middle office.
The second set will be wealth fund managers for whom SGSS will
provide a wealth and investment management outsourcing
solution, spanning the full post-trade value-chain from global
execution to global custody.
Lenoir worked at EuroCCP for six years, most recently as chief
technology officer and head of product and change management.
Before that he was deputy to the global head of change
management for equities einance at Deutsche Bank in
The custodian also recently appointed Jason Nabi as head of
financial institutions and brokers for the Michael Le Garignon,
head of sales, business development and relationship
management, for the UK market.