Asset Servicing

Societe Generale names head of securities services unit

David Abitbol was named head of Societe Generale Securities Services, a spokesman said.

On Jan. 1, Mr. Abitbol will replace Bruno Prigent, who will be retiring after 38 years with the firm.

"The international experience of (Mr.) 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," said Frederic Oudea, CEO of parent company Societe Generale, in a news release.

Mr. Abitbol was formerly chief operating officer, Asia-Pacific at Societe Generale and CEO of the bank's Hong Kong branch.

Societe Generale Securities Services has €3.9 trillion ($4.5 trillion) in assets under custody.