Societe Generale has appointed David Abitbol as head of Societe Generale Securities Services (SGSS).
Based in Paris, Abitbol will report to Séverin Cabannes, deputy CEO, responsible for the bank’s global banking and investor solutions activities.
Abitbol’s appointment will be effective from 1 January 2019.
Abitbol replaces Bruno Prigent, who, after 38 years at Societe Generale is due to 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.
Frédéric Oudéa, CEO of Societe Generale, said: “I sincerely thank Bruno Prigent for his long-standing commitment to Societe Generale group and his outstanding contribution to the development of the securities services business for many years. Prigent has significantly strengthened the business by adapting to the new regulations and technologies with the objective of always providing an enhanced service to our clients.
He added: “The international experience of David Abitbol, his deep knowledge of financial markets and his expertise in post-trade operations will be key assets to pursue the development of our securities services business.”
