Societe Generale Securities Services (SGSS) has promoted David Jaegly to the position of deputy managing director of SBI-SG Global Securities Services, the joint venture between SGSS and the State Bank of India.
Jaegly moves on from his previous position as head of Poland, which is being taken on by Cyril Tourneur, previously head of clearing and settlement services for SGSS in Luxembourg.
In his new role, Jaegly will be based in Mumbai. The new venture offers services such as custody, fund accounting and administration, risk analysis and performance measurement to both domestic and overseas investors in the Indian securities market.
As new head of Poland, Tourneur will be responsible for further developing the custody, trustee and fund administration services in the region.
Both appointments are effective immediately.
Jaegly and Tourneur will both report to Philippe Huerre, head of the international department at SGSS.
Huerre said: “SGSS is committed to helping clients benefit from strong asset protection and servicing, as well as in-depth local market knowledge in emerging markets.”
He added: “These appointments will play an important role in strengthening and expanding our service offering for domestic and international investors to support their operations and development in India and Poland.”
